Top SBA Lenders in California for Accommodation & Food Services
18 SBA 7(a) lenders active in California's accommodation & food services sector.
Lenders
118 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.9%
Top Accommodation & Food Services Lenders in California
Rate Distribution (Accommodation & Food Services in California)
All Accommodation & Food Services Lenders in California
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | PCB Bank | 20 | $8.3M | P+1.50% | 0.5% |
| 2 | Royal Business Bank | 11 | $10.5M | P+2.00% | 0.0% |
| 3 | Live Oak Bank | 10 | $31.4M | P+1.50% | 0.8% |
| 4 | Port 51 Lending LLC | 8 | $8.3M | P+2.75% | 0.0% |
| 5 | Celtic Bank Corporation | 8 | $6.3M | P+2.50% | 1.7% |
| 6 | Woori America Bank | 7 | $4.4M | P+1.75% | 1.7% |
| 7 | Open Bank | 6 | $7.3M | P+1.63% | 0.7% |
| 8 | Magnifi Financial CU | 6 | $3.1M | P+2.75% | 2.4% |
| 9 | Plumas Bank | 6 | $3.5M | P+0.00% | 1.2% |
| 10 | Hanmi Bank | 6 | $4.3M | P+1.75% | 1.0% |
| 11 | Southwestern National Bank | 5 | $17.1M | P+1.25% | 0.0% |
| 12 | Harvest Small Business Finance, LLC | 5 | $5.4M | P+2.25% | 0.0% |
| 13 | First Business Bank | 4 | $4.1M | P+2.38% | 3.5% |
| 14 | U.S. Bank, National Association | 4 | $2.2M | P+0.93% | 2.2% |
| 15 | American Continental Bank | 3 | $3.2M | P+2.00% | 1.0% |
| 16 | Grow America Fund, Incorporated | 3 | $1.6M | P+2.75% | 0.0% |
| 17 | VelocitySBA, LLC | 3 | $1.3M | P+3.00% | 2.4% |
| 18 | Citizens Bank | 3 | $2.6M | P+2.50% | 1.7% |
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Customize your search →Accommodation & Food Services SBA Lending in California
18 SBA 7(a) lenders are active in California's accommodation & food services sector, having originated 118 loans totaling $124.7M. The median rate for accommodation & food services acquisitions in California is Prime + 2.00%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.7%, which is below the state average of 1.9% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in California?
18 SBA 7(a) lenders have originated accommodation & food services acquisition loans in California, with a combined 118 loans.
What rate can I expect for a accommodation & food services acquisition in California?
The median rate is Prime + 2.00% (Prime + spread). This compares to a statewide median of Prime + 2.25%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in California?
The 10-year cumulative default rate is 1.7%, compared to a statewide average of 1.9%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.