SBA Loans for Jersey Mike’s Subs; Jersey Mike’s Franchises
Who actually funds Jersey Mike’s Subs; 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 to 2026.
Top lenders funding Jersey Mike’s Subs; Jersey Mike’s SBA loans
Ranked by number of Jersey Mike’s Subs; Jersey Mike’s 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | 49 | $30.9M | $630K |
| 2 | The Huntington National Bank | 21 | $8.6M | $412K |
| 3 | United Community Bank | 16 | $9.1M | $568K |
| 3 | Citizens Bank | 16 | $7.1M | $443K |
| 5 | Manufacturers and Traders Trust Company | 8 | $3.7M | $465K |
| 6 | Navigant CU | 7 | $2.6M | $376K |
| 6 | Meridian Bank | 7 | $3.0M | $436K |
| 6 | Frandsen Bank and Trust | 7 | $4.4M | $633K |
| 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 | Prosperity Bank | 4 | $1.4M | $356K |
| 10 | Wells Fargo Bank National Association | 4 | $1.7M | $417K |
| 10 | St. Charles Bank & Trust Company, National Association | 4 | $1.3M | $334K |
| 15 | KeyBank National Association | 3 | $1.4M | $450K |
| 15 | Happen Bank | 3 | $1.5M | $500K |
| 15 | First Merchants Bank | 3 | $2.1M | $705K |
| 15 | Celtic Bank Corporation | 3 | $1.4M | $470K |
| 15 | First United Bank and Trust Company | 3 | $1.5M | $497K |
| 15 | WesBanco Bank, Inc. | 3 | $4.1M | $1.4M |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Jersey Mike’s Subs; Jersey Mike’s loan in this period, ranked by loan count.
Jersey Mike’s Subs; Jersey Mike’s SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| TX | 35 | $16.4M | $469K |
| CA | 17 | $11.7M | $691K |
| NY | 12 | $10.1M | $839K |
| IL | 19 | $9.8M | $516K |
| MN | 8 | $6.7M | $839K |
| FL | 13 | $5.8M | $442K |
| MI | 9 | $5.2M | $573K |
| MA | 10 | $4.8M | $481K |
| MO | 12 | $4.5M | $376K |
| OH | 10 | $4.3M | $428K |
| CO | 7 | $4.1M | $592K |
| CT | 7 | $4.1M | $586K |
| DC | 2 | $3.4M | $1.7M |
| MD | 7 | $2.9M | $414K |
| WA | 6 | $2.7M | $447K |
Jersey Mike’s Subs; Jersey Mike’s SBA loans by year
How Jersey Mike’s Subs; Jersey Mike’s SBA loans have performed
Outcomes for every funded Jersey Mike’s Subs; Jersey Mike’s 7(a) loan approved since FY2010. Each SBA loan usually finances one location, so read these as an estimate of units.
Source: SBA FOIA 7(a) loan-level data. Defaulted means the SBA purchased the guaranty (charged off, or purchased and not yet charged off). Recent loans have had less time to default, and small loan counts swing widely, so one or two loans can move these percentages a lot.
SBA lender notes for Jersey Mike’s Subs; 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 Subs; 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, and we match your Jersey Mike’s Subs; Jersey Mike’s deal to a lender currently funding this brand.
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