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Limited-Service Restaurants: SBA acquisition loans, nationwide

This page covers Limited-Service Restaurants, NAICS 722513. It uses loans the SBA 7(a) file labels Change of Ownership, from FY2020 to Jun 30, 2026.

Cancelled loans are removed. Nationwide, 1,583 acquisition loans in this industry are in the file.

The busiest year was FY2025, with 277 acquisition loans.

Across all industries, the national median approved amount is $679,600. The seasoned charge-off rate is about 2% by count.

Use these as reference points for context. They are not a forecast and not a rating of this industry.

Choose a state to see local loan counts, lender activity and Census business counts.

Some states do not have enough loans to show. Those cells say so.

The file only covers SBA 7(a) loans labeled change of ownership, so it leaves out cash, seller-note and bank deals.

Read the methodology for filters, dates and known gaps.

SBA changed industry codes in 2022. The same industry can appear under an old code (loans to FY2022) and a new code (loans from FY2022). Each page shows only its own code, so neither shows the full history.

National snapshot

MeasureValueWhat it means
Acquisition loans1,583Number of 7(a) loans labeled Change of Ownership, FY2020 to Jun 30, 2026. Cancelled loans are removed.
Loans by year
  • FY2020224
  • FY2021264
  • FY2022201
  • FY2023213
  • FY2024242
  • FY2025277
  • FY2026 (to Jun 30)162
Acquisition loans by SBA fiscal year. FY2026 covers Oct 1 to Jun 30 only. Years with fewer than 10 loans are hidden.
Median approved amount$386,000The middle approved amount. Half of the loans were approved for more and half for less. Gross approved amounts, rounded to $1,000.
Middle half of approved amounts$220,000 to $748,000The range that holds the middle half of approved amounts, from the lower quarter mark to the upper quarter mark.
Total approved$1.02BThe sum of all gross approved loan amounts in this cell. These are approved amounts, not money paid out. Rounded to $0.1 million.
Term120 monthsThe median loan term, in months.
Rate8.25%The median initial interest rate.
Rate typeAbout 90% variableHow many of these loans have variable rates, rounded to the nearest 10%.
Seasoned charge-off rateAbout 4% of 100 or more seasoned loans EstimateThe share of loans approved in FY2020 to FY2022 that SBA lists as charged off, counted by loans. Charged off is a loan status, not a business closing. Older loans have had more time to be charged off. With under 100 seasoned loans, this shows a band. With under 30, it is hidden.
National charge-off rateAbout 2% EstimateThe same measure across all industries. It is about 2% by count.
Lenders in the SBA file391The number of distinct lenders that hold these loans in the SBA file. The file lists the current lender, which may not be the original lender. Counts are not a ranking or a recommendation.
Lenders holding the most loansLive Oak Banking Company 102
The Huntington National Bank 89
Hanmi Bank 65
Banc of California 39
Bank of Hope 36
Manufacturers and Traders Trust Company 27
Northwest Bank 27
Byline Bank 24
United Business Bank 24
Gesa CU 20
Celtic Bank Corporation 19
PCB Bank 19
Commonwealth Business Bank 18
Stearns Bank National Association 18
TowneBank 18
Centerstone SBA Lending, Inc. 17
Metro City Bank 17
Open Bank 17
Beacon Bank and Trust 16
Plumas Bank 16
The Bancorp Bank National Association 16
BankVista 15
Gulf Coast Bank and Trust Company 15
GBC International Bank 14
SouthState Bank, National Association 13
Old National Bank 12
Columbia Bank 11
PNC Bank, National Association 11
United Community Bank 11
Western State Bank 11
East West Bank 10
Fifth Third Bank 10
First Internet Bank of Indiana 10
Newtek Bank, National Association 10
VelocitySBA, LLC 10		Lenders that hold 10 or more loans in this cell, by count. Names come from public data.
Top countiesLos Angeles 57
King 48
Orange 38
Pierce 33
Gwinnett 20
Clark 19
Cook 18
Jefferson 16
Snohomish 16
Fulton 15
Dallas 15
Collin 15
Tarrant 15
Wayne 14
Maricopa 14
Montgomery 14
Lake 14
Monroe 14
Riverside 13
Santa Clara 13
Marion 13
Suffolk 12
Washington 12
Sacramento 12
Erie 12
Cuyahoga 11
Harris 10
Allegheny 10
Butler 10		Counties with the most acquisition loans in this cell. Counties with fewer than 10 loans are hidden.
Franchise share51.5%The share of acquisition loans in this cell that were for franchises. Hidden when fewer than 10 loans were for franchises.

Local business locations (Census 2023)

Business locations270,088Census County Business Patterns 2023: business locations, employees and annual payroll for this industry and area. Census adds small amounts of noise.
Employees4,965,080
Annual payroll$103.56B
Business locations by employee count
  • Under 565,630
  • 5 to 943,726
  • 10 to 1966,562
  • 20 to 4976,693
  • 50 to 9915,345
  • 100 or more2,078
Business locations with 10 to 49 employees143,255Census count of local business locations in that size band.

Data as of: Jun 30, 2026.

States with enough loans to show

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