Full-Service Restaurants acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 208 7(a) loans to buy an existing business classified as Full-Service Restaurants in Florida, totaling $193M. The median loan was $620,000. That is 5.7% of the 3,624 acquisition loans in Florida.
- Loans, FY2018-FY2026
- 208
- Median loan
- $620,000 (middle half $350,000 to $1,209,375)
- Top lender
- The Huntington National Bank (15%, 31 loans)
- Charge-off, FY2018-FY2021 loans
- 11.5% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 33 (+3% vs FY2025)
SBA lenders approved 208 7(a) loans to buy a business classified as Full-Service Restaurants in Florida from FY2018-FY2026, with a median of $620,000 and a middle half of $350,000 to $1,209,375. The Huntington National Bank made 15% of them. FY2026 had 33 loans, up 3% from FY2025.
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How Full-Service Restaurants in Florida compares
| Measure | Full-Service Restaurants in... | Florida, all industries | Full-Service Restaurants, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $620,000 | $751,700 | $411,700 | $645,250 |
| Middle half of loans | $350,000 to $1,209,375 | $350,000 to $1,584,250 | $225,000 to $819,000 | $283,000 to $1,465,000 |
| Average initial rate | 8.56% | 8.14% | 8.08% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 11.5% | 5.7% | 5.9% | 3.5% |
| Loans in sample | 208 | 3,624 | 2,797 | 48,902 |
The median for loans to buy restaurants in Florida is $620,000, below the $751,700 median for all Florida acquisitions, well above the $411,700 median for Full-Service Restaurants acquisitions nationwide and in line with the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $350,000 to $1,209,375, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 8.56%, above the 7.76% national average.
Seasoned loans were charged off at 11.5%, well above the 5.7% rate for all Florida acquisitions, well above the 5.9% rate for Full-Service Restaurants acquisitions nationwide and well above the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Full-Service Restaurants in... | All acquisitions |
|---|---|---|
| Under $350K | 24% | 30% |
| $350K to under $1M | 45% | 33% |
| $1M to under $2M | 22% | 19% |
| $2M and over | 10% | 17% |
Most loans to buy restaurants in Florida (69%) were under $1M, and the largest single band is $350K to under $1M at 45%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
The Huntington National Bank made 15% of loans to buy restaurants in Florida, and the top three lenders together made 26%. 20 of the 68 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 65 loans to buy restaurants in Florida were approved. That is 41% more than the 46 approved in FY2023 and FY2024. The median was $515,000, below the $620,000 median across all years.
Full-Service Restaurants acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 21 | $17.5M | $517,000 | |
| FY2019 | 29 | $19.7M | $455,700 | |
| FY2020 | 12 | $8.1M | $521,500 | |
| FY2021 | 16 | $19M | $886,300 | |
| FY2022 | 19 | $24.8M | $749,000 | |
| FY2023 | 23 | $20.2M | $795,000 | |
| FY2024 | 23 | $22.5M | $900,000 | |
| FY2025 | 32 | $25M | $534,000 | |
| FY2026 | 33 | $35.9M | $500,000 |
How often do these acquisition loans fail?
Of the 78 Full-Service Restaurants in Florida acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 9 have been charged off by the SBA, a rate of 11.5% by loan count and 6.0% by dollars. 32 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Full-Service Restaurants in Florida is 228% higher than the acquisition-loan average. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 31 | 14.9% | $20.9M | |
| 2 | CRF Small Business Loan Company, LLC | 13 | 6.3% | $10.6M | |
| 3 | Beacon Bank and Trust | 11 | 5.3% | $9.4M | |
| 4 | SouthState Bank, National Association | 8 | 3.8% | $6.2M | |
| 5 | First Internet Bank of Indiana | 7 | 3.4% | $12.4M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Firehouse Subs | 4 | 1.9% | $1.1M | |
| 2 | Jet's Pizza | 2 | 1.0% | $2.5M | |
| 3 | Charleys Philly Steaks | 2 | 1.0% | $2.4M | |
| 4 | Beef 'O' Brady's | 2 | 1.0% | $797K | |
| 5 | Golden Corral | 1 | 0.5% | $1.2M |
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Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in Florida run?
The median SBA 7(a) loan was $620,000 across 208 loans (FY2018 to FY2026), with the middle half between $350,000 and $1,209,375. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Full-Service Restaurants acquisitions in Florida?
The Huntington National Bank (31), CRF Small Business Loan Company, LLC (13), Beacon Bank and Trust (11), SouthState Bank, National Association (8), First Internet Bank of Indiana (7). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Full-Service Restaurants acquisition loans fail in Florida?
11.5% of 78 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Full-Service Restaurants acquisitions in Florida?
27 of the 208 loans (13%) involved a franchise brand, most often Firehouse Subs (4).
How much do you need down for an SBA loan to buy a restaurant in Florida?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy restaurants in Florida was $620,000, and the middle half ran $350,000 to $1,209,375.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 65 loans to buy restaurants in Florida in FY2025 and FY2026.
Which banks make SBA loans for a restaurant in Florida?
By loan count, FY2018 to FY2026: The Huntington National Bank (31), CRF Small Business Loan Company, LLC (13), Beacon Bank and Trust (11), SouthState Bank, National Association (8), First Internet Bank of Indiana (7). The Huntington National Bank made 15% of loans to buy restaurants in Florida. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Florida acquisitions
- Financing one? How to get an SBA loan to buy a restaurant
- Full-Service Restaurants nationally
- Full-Service Restaurants in California
- Full-Service Restaurants in Texas
- Full-Service Restaurants in Washington
- Full-Service Restaurants in Georgia
- Full-Service Restaurants in Illinois
- Full-Service Restaurants in Pennsylvania
- Full-Service Restaurants in Michigan
- Full-Service Restaurants in Wisconsin
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- Hotels and Motels in Florida
- Limited-Service Restaurants in Florida
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Small samples move a lot: each loan in this combination is 0% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Full-Service Restaurants in Florida: SBA acquisition loan data", https://sbaacquisitiondata.com/state/fl/full-service-restaurants-722511 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/fl/full-service-restaurants-722511.json.