SBA loans for full-service restaurants
NAICS 722511 · Program that usually fits: 7(a)
Restaurants are one of the most common SBA borrower types. Lenders look for owner experience in the industry and usually want a down payment of at least 10% on a startup or change of ownership.
What borrowers use the money for
- Buying an existing restaurant
- Kitchen equipment and build-out
- Franchise fees
- Working capital for opening
Example: a $500,000 loan
At today's maximum variable 7(a) rate of 10.00% over 10 years, the payment would be about $6,608 a month. Most well-qualified borrowers get a lower rate. Try your own numbers.
Today's rate caps
| Loan amount | Maximum spread | Maximum variable rate today |
|---|---|---|
| $50,000 or less | Prime + 6.5 | 13.50% |
| $50,001 to $250,000 | Prime + 6.0 | 13.00% |
| $250,001 to $350,000 | Prime + 4.5 | 11.50% |
| Over $350,000 | Prime + 3.0 | 10.00% |
Questions
Can a restaurant business get an SBA loan?
Yes, if the business is for-profit, meets SBA size standards for NAICS 722511, and can show it can repay. Restaurants are one of the most common SBA borrower types.
What is the NAICS code for full-service restaurants?
NAICS 722511. Lenders use it to check SBA size standards and eligibility.
Sources: SBA 7(a) terms, conditions and maximum variable rates; Federal Reserve H.15 selected interest rates (bank prime loan rate); October 2026 SBA 504 debenture pricing, as published by CDCs; SBA FOIA 7(a) and 504 loan-level data.