There have been 42,539 SBA 7a loan approvals for the “Restaurants and Other Eating Places” Industry Group. Of these, 4,347 were cancelled, 1200 had some portion of the loan charged-off (default), 8,724 have been paid in full, 1,837 are pending, and 26,431 are currently active loans.
The total amount approved for this industry group is over $15.6 billion and counting. Full-Service Restaurants and Limited-Service Restaurants account for $14.6 billion of the industry group. Snack and Nonalcoholic Beverage Bars accounts for $866 million and Cafeterias and Buffets account for $108 million.
Full-Service and Limited Service Restaurants have been the #1 and #2 ranked National or U.S. Industry by quantity of SBA 7a loan approvals every year. Full-Service Restaurants has also been ranked #2 for SBA 7a loan amount rankings every year (behind Hotels) and Limited-Service Restaurants fluctuates within the top 5 for this category.
In 2019, there were 2,925 SBA loan approvals for Full-Service Restaurants for $1.3 billion and 1,770 Limited-Service Restaurant approvals for $657 million.
This report is from SBA 7a data ending 12-31-2019.
This 30 page report is full of charts and graphs that provide about everything you would want to know (at a high level) about restaurant loans that are partially guaranteed by the U.S.Small Business Administration (SBA).
In addition to historical, 2019, and forecasted lending activity for the Restaurants and Other Eating Places Industry Group, the report also ranks the top lenders, franchise brands and geographical markets relating to restaurant lending.