Atlantic City: full-service restaurant

Atlantic City approved full-service restaurant loans: 84 in FY2017 to FY2026, worth $81.5 million. Atlantic City ranks 63 of 821 for the class on 84 loans among metro areas; in Atlantic City, the class ranks 1 of 39. Atlantic City's location quotient reads 1.93x on 84 loans: a far heavier concentration. Atlantic City's $579,750 median differs from area and class.

$579,750 marks the median of 84 loans, well above the national figure (2.11x), and $133,000 to $1.4 million bounds Atlantic City's middle half. Of 84 loans in Atlantic City, 79 used 7(a) and 5 used 504. Atlantic City withholds its franchise figure, not zero.

Atlantic City's 7(a) table, 12 loans at TD Bank, National Association, $1.3 million; 10 at Sturdy Savings Bank, $8.2 million; 7 at First Bank (NC), $19.3 million; 7 at Wilmington Savings Fund Society FSB, $5.1 million; 5 at Fulton Bank, National Association, $4.2 million. Atlantic City's 504 table, 5 loans at Empire State Certified Development Corporation, $6.5 million. Atlantic City: holders under 5 loans go unnamed. Atlantic City county counts, 84 loans: Cape May County, NJ 46; Atlantic County, NJ 38.

The Atlantic City loans' fate

22.2% at minimum: Atlantic City's cancelled share through FY2024. Atlantic City's ceiling for undisbursed loans: withheld. Atlantic City: 0.00% or more are charged off among 31 FY2017 to FY2021 loans; Atlantic City records 0.00% within five years of approval. Atlantic City floors may rise with open loans. Atlantic City approvals ran from 13 loans and $14.5 million in FY2017 to 6 loans and $3.6 million in FY2026, peaking at 15 in FY2025 and dipping to 6 in FY2022. Atlantic City loans per year: FY2017 13, FY2018 9, FY2019 9, FY2022 6, FY2023 8, FY2024 10, FY2025 15, FY2026 6. Yearly dollars: FY2017 $14.5 million, FY2018 $12.9 million, FY2019 $4.8 million, FY2022 $5.9 million, FY2023 $3.0 million, FY2024 $13.0 million, FY2025 $17.1 million, FY2026 $3.6 million. Withheld Atlantic City years are not zero.

Atlantic City: the study's tests

Atlantic City: facing slow months, debt service holds with $81.5 million approved. For 84 loans in Atlantic City, ventilation costs outside $133,000 to $1.4 million need cases. For 84 approvals in Atlantic City, appraisers split concept from building. Atlantic City approvals ran from 6 in FY2022 to 15 in FY2025; for Atlantic City, plan for stalled years. Atlantic City's quotient, 1.93x: count rivals by cuisine. Across 84 loans, evening cover counts in Atlantic City carries $579,750.

Atlantic City's 84 loans are placed by project county. Atlantic City follows the July 2023 delineation. Atlantic City drops unplaceable counties from $81.5 million. Treat 84 loans as a guide to Atlantic City, not a census.

SBA full-service restaurant loans in the Atlantic City-Hammonton, NJ Metro Area

Loans approved, FY2017 to FY2026	84
Gross dollars approved	$81.5 million
Median loan	$579,750
Middle half of loans, from	$133,000
Middle half of loans, to	$1.4 million
SBA 7(a) loans	79
SBA 504 loans	5
Franchise share of loans	withheld
Rank among metro and micro areas for full-service restaurant loans	63 of 821
Rank of full-service restaurant among the classes in this area	1 of 39
Location quotient (share of loans against the national share)	1.93x
Median loan against the national median for the class	2.11x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	22.2%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	0.00%
Charged off within five years of approval	0.00%
Loans in that cohort	31

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA full-service restaurant loans approved in the Atlantic City-Hammonton, NJ Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	13	$14.5 million
FY2018	9	$12.9 million
FY2019	9	$4.8 million
FY2020	withheld	withheld
FY2021	withheld	withheld
FY2022	6	$5.9 million
FY2023	8	$3.0 million
FY2024	10	$13.0 million
FY2025	15	$17.1 million
FY2026	6	$3.6 million

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Empire State Certified Development Corporation	5	$6.5 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
TD Bank, National Association	12	$1.3 million
Sturdy Savings Bank	10	$8.2 million
First Bank (NC)	7	$19.3 million
Wilmington Savings Fund Society FSB	7	$5.1 million
Fulton Bank, National Association	5	$4.2 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Cape May County, NJ	46
Atlantic County, NJ	38

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-12100-C34.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a full-service restaurant project in the Atlantic City-Hammonton, NJ Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Restaurant Feasibility Study in the Atlantic City-Hammonton, NJ Metro Area