Full-Service Restaurants acquisitions in Pennsylvania: SBA loan data
Since FY2018, SBA lenders have approved 108 7(a) loans to buy an existing business classified as Full-Service Restaurants in Pennsylvania, totaling $87.5M. The median loan was $407,000. That is 6.1% of the 1,765 acquisition loans in Pennsylvania.
Terms signed in the LOI shape the purchase agreement that follows.
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How Full-Service Restaurants in Pennsylvania compares
| Measure | Full-Service Restaurants in... | Pennsylvania, all industries | Full-Service Restaurants, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $407,000 | $535,000 | $411,700 | $645,250 |
| Middle half of loans | $196,375 to $967,425 | $229,000 to $1,282,000 | $225,000 to $819,000 | $283,000 to $1,465,000 |
| Average initial rate | 8.37% | 7.94% | 8.08% | 7.76% |
| Median term | 12.2 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 2.5% | 2.1% | 5.9% | 3.5% |
| Loans in sample | 108 | 1,765 | 2,797 | 48,902 |
The median for loans to buy restaurants in Pennsylvania is $407,000, below the $535,000 median for all Pennsylvania acquisitions, in line with the $411,700 median for Full-Service Restaurants acquisitions nationwide and below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $196,375 to $967,425, against $283,000 to $1,465,000 nationally; the median term is 12.2 years, longer than the national median of 10 years; the average initial rate is 8.37%, above the 7.76% national average.
Seasoned loans were charged off at 2.5%, above the 2.1% rate for all Pennsylvania acquisitions, well below the 5.9% rate for Full-Service Restaurants acquisitions nationwide and below the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Full-Service Restaurants in... | All acquisitions |
|---|---|---|
| Under $350K | 43% | 30% |
| $350K to under $1M | 32% | 33% |
| $1M to under $2M | 15% | 19% |
| $2M and over | 10% | 17% |
Most loans to buy restaurants in Pennsylvania (75%) were under $1M, and the largest single band is Under $350K at 43%, against 30% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Beacon Bank and Trust made 12% of loans to buy restaurants in Pennsylvania, and the top three lenders together made 31%. 11 of the 40 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, 30 loans to buy restaurants in Pennsylvania were approved. That is 3% fewer than the 31 approved in FY2023 and FY2024. The median was $467,500, slightly above the $407,000 median across all years.
Full-Service Restaurants acquisition loans in Pennsylvania by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $10.4M | $1,241,500 | |
| FY2019 | 15 | $8.3M | $275,700 | |
| FY2020 | 8 | $3.6M | $373,750 | |
| FY2021 | 8 | $8.7M | $706,000 | |
| FY2022 | 7 | $3.1M | $272,800 | |
| FY2023 | 11 | $10.5M | $375,000 | |
| FY2024 | 20 | $16.6M | $488,750 | |
| FY2025 | 10 | $9.5M | $300,000 | |
| FY2026 | 20 | $16.7M | $583,500 |
How often do these acquisition loans fail?
Of the 40 Full-Service Restaurants in Pennsylvania acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 2.5% by loan count and 0.9% by dollars. 21 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 Pennsylvania is 29% lower 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Beacon Bank and Trust | 13 | 12.0% | $21.5M | |
| 2 | Wilmington Savings Fund Society FSB | 10 | 9.3% | $9.3M | |
| 3 | The Huntington National Bank | 10 | 9.3% | $3.2M | |
| 4 | Fidelity Deposit and Discount Bank | 9 | 8.3% | $2.2M | |
| 5 | Northwest Bank | 7 | 6.5% | $2.9M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Moe's Southwest Grill | 1 | 0.9% | $931K | |
| 2 | Tropical Smoothie Cafe | 1 | 0.9% | $175K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Full-Service Restaurants acquisitions in Pennsylvania run?
The median SBA 7(a) loan was $407,000 across 108 loans (FY2018 to FY2026), with the middle half between $196,375 and $967,425. 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 Pennsylvania?
Beacon Bank and Trust (13), Wilmington Savings Fund Society FSB (10), The Huntington National Bank (10), Fidelity Deposit and Discount Bank (9), Northwest Bank (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 Pennsylvania?
2.5% of 40 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 Pennsylvania?
2 of the 108 loans (2%) involved a franchise brand, most often Moe's Southwest Grill (1).
How much do you need down for an SBA loan to buy a restaurant in Pennsylvania?
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 Pennsylvania was $407,000, and the middle half ran $196,375 to $967,425.
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 30 loans to buy restaurants in Pennsylvania in FY2025 and FY2026.
Which banks make SBA loans for a restaurant in Pennsylvania?
By loan count, FY2018 to FY2026: Beacon Bank and Trust (13), Wilmington Savings Fund Society FSB (10), The Huntington National Bank (10), Fidelity Deposit and Discount Bank (9), Northwest Bank (7). Beacon Bank and Trust made 12% of loans to buy restaurants in Pennsylvania. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Pennsylvania acquisitions
- 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 Michigan
- Full-Service Restaurants in Wisconsin
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Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Full-Service Restaurants in Pennsylvania: SBA acquisition loan data", https://sbaacquisitiondata.com/state/pa/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/pa/full-service-restaurants-722511.json.