Full-Service Restaurants: SBA acquisition lenders
1,235 recorded SBA 7(a) acquisition approvals for Full-Service Restaurants, FY2024–FY2026. Median approved loan: $465K. See lenders and activity by state.
- Acquisitions financed
- 1,235
- Total approved
- $930.4M
- Median loan
- $465K
- Middle half of loans
- $240K to $946K
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 202 | 16% | $200K | $86.9M |
| 2 | Hanmi Bank | 61 | 5% | $408K | $34.5M |
| 3 | PCB Bank | 36 | 3% | $485K | $20.3M |
| 4 | Celtic Bank Corporation | 27 | 2% | $663K | $21.2M |
| 5 | Newtek Bank, National Association | 24 | 2% | $300K | $8.4M |
| 6 | First Internet Bank of Indiana | 23 | 2% | $1.0M | $37.2M |
| 7 | Open Bank | 18 | 1% | $512K | $11.6M |
| 8 | Manufacturers and Traders Trust Company | 18 | 1% | $160K | $4.6M |
| 9 | Beacon Bank and Trust | 17 | 1% | $1.2M | $29.8M |
| 10 | East West Bank | 17 | 1% | $400K | $10.5M |
| 11 | Rockland Trust Company | 17 | 1% | $225K | $7.0M |
| 12 | Byline Bank | 16 | 1% | $580K | $13.7M |
| 13 | Northwest Bank | 14 | 1% | $266K | $7.5M |
| 14 | Old National Bank | 14 | 1% | $494K | $6.2M |
| 15 | Live Oak Banking Company | 13 | 1% | $986K | $19.0M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 143 | $455K | $101.3M |
| Texas | 124 | $644K | $116.9M |
| Florida | 101 | $548K | $95.5M |
| Washington | 97 | $508K | $72.4M |
| Georgia | 62 | $492K | $47.0M |
| Illinois | 62 | $386K | $38.7M |
| Pennsylvania | 54 | $402K | $43.5M |
| Michigan | 49 | $457K | $34.5M |
| New Jersey | 44 | $918K | $57.5M |
| Colorado | 41 | $450K | $25.6M |
| Wisconsin | 38 | $398K | $23.5M |
| Ohio | 34 | $279K | $14.2M |
| Massachusetts | 33 | $240K | $19.5M |
| North Carolina | 32 | $556K | $36.9M |
| New York | 27 | $304K | $21.8M |
| Missouri | 26 | $326K | $13.7M |
| Minnesota | 26 | $235K | $12.7M |
| Virginia | 21 | $500K | $12.4M |
| Indiana | 20 | $394K | $11.3M |
| Arizona | 19 | $388K | $12.1M |
| Maryland | 15 | $480K | $12.9M |
| South Carolina | 13 | $700K | $11.7M |
| Oregon | 13 | $406K | $9.6M |
| Kentucky | 12 | $508K | $7.8M |
| Alabama | 12 | $271K | $4.3M |
| Tennessee | 11 | $704K | $9.1M |
| Nebraska | 10 | $64K | $2.1M |
| Kansas | 9 | $449K | $8.1M |
| Connecticut | 8 | $295K | $4.8M |
| Rhode Island | 8 | $376K | $3.5M |
| Nevada | 7 | $720K | $6.9M |
| New Hampshire | 7 | $400K | $5.4M |
| Louisiana | 6 | $853K | $6.8M |
| Oklahoma | 6 | $595K | $4.0M |
| Maine | 6 | $238K | $2.1M |
| Iowa | 6 | $100K | $647K |
| Idaho | 5 | $517K | $3.2M |
| Utah | 5 | $500K | $3.0M |
| New Mexico | 4 | $666K | $3.3M |
| Montana | 4 | $192K | $2.0M |
| Puerto Rico | 3 | $280K | $1.5M |
| Hawaii | 3 | $551K | $1.3M |
| Mississippi | 2 | $1.1M | $2.2M |
| Arkansas | 2 | $224K | $449K |
| District of Columbia | 2 | $210K | $421K |
| Delaware | 1 | $1.9M | $1.9M |
| South Dakota | 1 | $248K | $248K |
| Vermont | 1 | $85K | $85K |