Food Service Contractors: SBA business acquisition loan data
42 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Food Service Contractors (NAICS 722310), totaling $39.3M. Median loan $502,000, 22% lower than the all-acquisition median. Annual volume fell 64% from FY2024 to FY2026.
The purchase agreement decides what you bought, not the loan approval.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $1,422,875 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #184 of 300 industries tracked.
- Geography. Ohio leads with 6 loans; the top five states account for 52% of the industry's acquisitions.
- Jobs. Lenders reported 924 jobs supported across these loans, about 22.0 per acquisition, a rough proxy for the size of business changing hands.
Food Service Contractors acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $958K | $478,750 | |
| FY2019 | 2 | $1.7M | $837,750 | |
| FY2020 | 7 | $8.6M | $1,415,000 | |
| FY2021 | 2 | $754K | $377,000 | |
| FY2022 | 3 | $6.6M | $2,438,000 | |
| FY2023 | 8 | $6.4M | $600,000 | |
| FY2024 | 11 | $11.4M | $500,000 | |
| FY2025 | 3 | $2M | $441,600 | |
| FY2026 | 4 | $935K | $189,000 |
How often do these acquisition loans fail?
Fewer than 20 Food Service Contractors acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Ohio | 6 | 14.3% | $934K | |
| 2 | California | 5 | 11.9% | $5.4M | |
| 3 | Colorado | 4 | 9.5% | $3.8M | |
| 4 | Florida | 4 | 9.5% | $771K | |
| 5 | New Jersey | 3 | 7.1% | $4.2M | |
| 6 | Kentucky | 3 | 7.1% | $4M | |
| 7 | Michigan | 2 | 4.8% | $4.3M | |
| 8 | Virginia | 2 | 4.8% | $2.5M | |
| 9 | Maryland | 2 | 4.8% | $1M | |
| 10 | Indiana | 1 | 2.4% | $3.3M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 16.7% | $1.1M | |
| 2 | Live Oak Banking Company | 4 | 9.5% | $5.5M | |
| 3 | Stock Yards Bank & Trust Company | 3 | 7.1% | $4M | |
| 4 | Manufacturers and Traders Trust Company | 3 | 7.1% | $3.2M | |
| 5 | Readycap Lending, LLC | 2 | 4.8% | $3.9M | |
| 6 | InBank | 2 | 4.8% | $750K | |
| 7 | Genisys CU | 1 | 2.4% | $3.8M | |
| 8 | Bank of Hope | 1 | 2.4% | $2.4M | |
| 9 | First Merchants Bank | 1 | 2.4% | $2M | |
| 10 | MidFirst Bank | 1 | 2.4% | $1.6M |
Seller note standby terms and third-party consents are reviewed before closing.
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Franchise brands in Food Service Contractors
10% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Little Caesars | 1 | 25.0% | $504K | |
| 2 | Filta Environmental Kitchen Solutions | 1 | 25.0% | $342K | |
| 3 | Edible Arrangements | 1 | 25.0% | $150K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Food Service Contractors?
Median $502,000 across 42 acquisition loans (FY2018 to FY2026); the middle half ran $249,475 to $1,422,875. That is 22% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Food Service Contractors acquisitions?
The Huntington National Bank (7), Live Oak Banking Company (4), Stock Yards Bank & Trust Company (3), Manufacturers and Traders Trust Company (3), Readycap Lending, LLC (2).
Are businesses in Food Service Contractors often franchised?
Sometimes. 10% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Little Caesars, Filta Environmental Kitchen Solutions, Edible Arrangements.
How risky are SBA loans for buying a business in Food Service Contractors?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Food Service Contractors acquisitions?
Median term 10 years, average initial rate 8.47% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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