Full-Service Restaurants acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 58 7(a) loans to buy an existing business classified as Full-Service Restaurants in New York, totaling $41.6M. The median loan was $302,000. That is 3.8% of the 1,530 acquisition loans in New York.
- Loans, FY2018-FY2026
- 58
- Median loan
- $302,000 (middle half $137,500 to $788,750)
- Top lender
- Manufacturers and Traders Trust Company (17%, 10 loans)
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 12
SBA lenders approved 58 7(a) loans to buy a business classified as Full-Service Restaurants in New York from FY2018-FY2026, with a median of $302,000 and a middle half of $137,500 to $788,750. None of 27 seasoned loans were charged off, against the 3.5% all-acquisition rate. FY2026 had 12 loans.
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How Full-Service Restaurants in New York compares
| Measure | Full-Service Restaurants in... | New York, all industries | Full-Service Restaurants, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $302,000 | $577,500 | $411,700 | $645,250 |
| Middle half of loans | $137,500 to $788,750 | $220,000 to $1,356,000 | $225,000 to $819,000 | $283,000 to $1,465,000 |
| Average initial rate | 7.83% | 7.83% | 8.08% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 2.7% | 5.9% | 3.5% |
| Loans in sample | 58 | 1,530 | 2,797 | 48,902 |
The median for loans to buy restaurants in New York is $302,000, well below the $577,500 median for all New York acquisitions, below the $411,700 median for Full-Service Restaurants acquisitions nationwide and well below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $137,500 to $788,750, 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 7.83%, in line with the 7.76% national average.
None of the seasoned loans were charged off, against 2.7% for all New York acquisitions, 5.9% for Full-Service Restaurants acquisitions nationwide and 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Full-Service Restaurants in... | All acquisitions |
|---|---|---|
| Under $350K | 60% | 30% |
| $350K to under $1M | 17% | 33% |
| $1M to under $2M | 12% | 19% |
| $2M and over | 10% | 17% |
Most loans to buy restaurants in New York (78%) were under $1M, and the largest single band is Under $350K at 60%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Manufacturers and Traders Trust Company made 17% of loans to buy restaurants in New York, and the top three lenders together made 36%. 4 of the 31 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, 15 loans to buy restaurants in New York were approved. That is 36% more than the 11 approved in FY2023 and FY2024. The median was $305,000, in line with the $302,000 median across all years.
Full-Service Restaurants acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $2.4M | $250,000 | |
| FY2019 | 15 | $13.2M | $500,000 | |
| FY2020 | 3 | $1.2M | $264,000 | |
| FY2021 | 3 | $1.3M | $292,500 | |
| FY2022 | 5 | $2.1M | $300,000 | |
| FY2023 | 6 | $1.7M | $205,600 | |
| FY2024 | 5 | $2M | $304,000 | |
| FY2025 | 3 | $330K | $145,000 | |
| FY2026 | 12 | $17.3M | $826,750 |
How often do these acquisition loans fail?
Of the 27 Full-Service Restaurants in New York acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 17 have already been paid in full.
For comparison, Full-Service Restaurants in New York has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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 lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 10 | 17.2% | $2.7M | |
| 2 | Beacon Bank and Trust | 6 | 10.3% | $16.2M | |
| 3 | Tompkins Community Bank | 5 | 8.6% | $565K | |
| 4 | New York Business Development Corporation | 4 | 6.9% | $2.4M | |
| 5 | Woori America Bank | 2 | 3.4% | $1.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Perri's Pizzeria | 3 | 5.2% | $335K | |
| 2 | IHOP | 1 | 1.7% | $712K |
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Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in New York run?
The median SBA 7(a) loan was $302,000 across 58 loans (FY2018 to FY2026), with the middle half between $137,500 and $788,750. 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 New York?
Manufacturers and Traders Trust Company (10), Beacon Bank and Trust (6), Tompkins Community Bank (5), New York Business Development Corporation (4), Woori America Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Full-Service Restaurants acquisition loans fail in New York?
Of 27 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate 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 New York?
5 of the 58 loans (9%) involved a franchise brand, most often Perri's Pizzeria (3).
How much do you need down for an SBA loan to buy a restaurant in New York?
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 New York was $302,000, and the middle half ran $137,500 to $788,750.
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 15 loans to buy restaurants in New York in FY2025 and FY2026.
Which banks make SBA loans for a restaurant in New York?
By loan count, FY2018 to FY2026: Manufacturers and Traders Trust Company (10), Beacon Bank and Trust (6), Tompkins Community Bank (5), New York Business Development Corporation (4), Woori America Bank (2). Manufacturers and Traders Trust Company made 17% of loans to buy restaurants in New York. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Related
- All New York 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 Florida
- 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
- Beer, Wine, and Liquor Retailers in New York
- Limited-Service Restaurants in New York
- Hotels and Motels in New York
- Drycleaning and Laundry Services in New York
- Supermarkets and Other Grocery Retailers in New York
- Insurance Agencies and Brokerages in New York
- Funeral Homes and Funeral Services in New York
- General Automotive Repair in New York
Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Full-Service Restaurants in New York: SBA acquisition loan data", https://sbaacquisitiondata.com/state/ny/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/ny/full-service-restaurants-722511.json.