Beyond The Trends Report – Restaurant Industry Insights

October 4, 2021 by Brodie Oldham

The Beyond The Trends Report – Fall 2021 Out Now!

Did you know that there are about a million restaurants in the U.S? And those restaurants employ nine million people?  As we prepared the latest Beyond the Trends report for Fall 2021, I took a deep dive into the restaurant industry in our small business data set to explore how restaurants were performing through the pandemic and how resilient they are now.

Here’s a quick snippet — the SBA’s Restaurant Revitalization fund delivered 74,498 grants accounting for $22.4B in funds for May through June of 2021. It’s a shot in the arm for restaurants. Here’s how the funds were distributed based on annual sales.

Distribution of Restaurants by Annual Sales Size source: SBA, Experian

Chart - Distribution of Restaurants by Annual Sales Size

The RRF program has done well servicing a diverse set of applicants and underserved community segments.

  • The Women-owned businesses made up almost half of the recipients
  • Veteran-owned businesses were only 5% of the program. Veterans received fewer loans overall but had much higher average loan amounts awarded
  • Restaurants in LMI designated areas were over a quarter of the program
  • Restaurants in lower socioeconomic areas were over a third of the program’s recipients

Would you like to learn about this and other trends impacting small business?

Download the Fall 2021 Beyond The Trends Report!

Download the Latest Report

About this blog

The latest insight, tips, and trends on all things related to commercial risk by the team at Experian Business Information Services. Please follow us on social media.


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