SBA Loans for Jersey Mike's Franchises
Who actually funds Jersey Mike's SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021–2026.
Top lenders funding Jersey Mike's SBA loans
Ranked by number of Jersey Mike's 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | 42 | $24.8M | $591K |
| 2 | The Huntington National Bank | 19 | $7.9M | $416K |
| 3 | Citizens Bank | 16 | $7.1M | $443K |
| 3 | United Community Bank | 16 | $9.1M | $568K |
| 5 | Meridian Bank | 7 | $3.0M | $436K |
| 5 | Manufacturers and Traders Trust Company | 7 | $3.3M | $467K |
| 5 | Navigant CU | 7 | $2.6M | $376K |
| 8 | Frandsen Bank and Trust | 6 | $3.9M | $657K |
| 9 | SouthState Bank, National Association | 5 | $3.5M | $696K |
| 10 | Midland States Bank | 4 | $1.2M | $299K |
| 10 | Consumers National Bank | 4 | $1.9M | $485K |
| 10 | St. Charles Bank & Trust Company, National Association | 4 | $1.3M | $334K |
| 10 | Wells Fargo Bank National Association | 4 | $1.7M | $417K |
| 14 | Celtic Bank Corporation | 3 | $1.4M | $470K |
| 14 | LendingClub Bank, National Association | 3 | $1.5M | $500K |
| 14 | First United Bank and Trust Company | 3 | $1.5M | $497K |
| 14 | KeyBank National Association | 3 | $1.4M | $450K |
| 14 | WesBanco Bank, Inc. | 3 | $4.1M | $1.4M |
| 14 | Prosperity Bank | 3 | $1.1M | $350K |
| 14 | First Merchants Bank | 3 | $2.1M | $705K |
Source: SBA FOIA 7(a) loan-level data, 2021–2026. Shows lenders with at least one approved Jersey Mike's loan in this period, ranked by loan count.
Jersey Mike's SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 33 | $15.7M | $475K |
| CA | 16 | $11.0M | $690K |
| IL | 19 | $9.8M | $516K |
| NY | 10 | $6.5M | $654K |
| MN | 7 | $6.2M | $889K |
| FL | 12 | $5.4M | $450K |
| MA | 10 | $4.8M | $481K |
| MI | 8 | $4.7M | $582K |
| MO | 12 | $4.5M | $376K |
| OH | 10 | $4.3M | $428K |
| DC | 2 | $3.4M | $1.7M |
| MD | 7 | $2.9M | $414K |
| CT | 5 | $2.9M | $580K |
| CO | 6 | $2.9M | $483K |
| WA | 6 | $2.7M | $447K |
Jersey Mike's SBA loans by year
SBA lender notes for Jersey Mike'sfrom the SBA Franchise Directory
1. When the real estate where the franchise business is located will secure the SBA-guaranteed loan, the Lease Rider, may not be executed. 2. Franchisor may not enforce a Purchase Option on Real Estate owned by the franchisee or an affiliate of the franchisee and taken as collateral for an SBA Loan. 3. Lender/CDC must ensure they obtain the correct lien positon for all collateral as required pursuant to the SOP 50 10.
How to use this
The lenders above have actually closed SBA 7(a) loans for Jersey Mike's franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in — we match your Jersey Mike's deal to a lender currently funding this brand.
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