Updated with official SBA FOIA data through December 31, 2025
Looking for an SBA loan to buy or open a Subway franchise? Not all lenders are equal — some banks fund dozens of Subway deals per year while others have never touched one. Working with a lender who knows your franchise means faster approvals, better terms, and fewer surprises.
We analyzed every SBA 7(a) loan for Subway in 2025 using official FOIA data. Here are the lenders who fund the most deals.
Top SBA Lenders for Subway (2025)
| # | Lender | Loans | Volume | Avg Rate |
|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 4 | $235K | 9.88% |
| 2 | ESL FCU | 4 | $298K | 7.50% |
| 3 | The Huntington National Bank | 4 | $1.7M | 8.94% |
| 4 | Celtic Bank Corporation | 3 | $1.5M | 9.67% |
| 5 | Newtek Bank, National Association | 3 | $750K | 10.25% |
| 6 | Sabre Finance | 2 | $619K | 10.75% |
| 7 | Village Bank and Trust, National Association | 2 | $600K | 8.62% |
| 8 | Republic Bank & Trust Company | 2 | $2.9M | 6.50% |
| 9 | Horizon Bank | 2 | $2.0M | 8.25% |
| 10 | Northwest Bank | 1 | $978K | 8.88% |
| 11 | Webster Bank National Association | 1 | $73K | 9.75% |
| 12 | The Citizens National Bank of Bluffton | 1 | $207K | 7.50% |
| 13 | Morton Community Bank | 1 | $288K | 8.00% |
| 14 | Columbia Bank | 1 | $50K | 12.50% |
| 15 | Grasshopper Bank National Association | 1 | $350K | 12.00% |
Key Stats
- Total SBA loans for Subway in 2025: 48
- Total volume: $19.5M
- Average loan size: $405K
- Average interest rate: 9.29%
- Rate range: 6.25% – 12.50%
- Top states: Michigan (6), Illinois (5), New York (5), Wisconsin (4), California (3), Alabama (3), Connecticut (2), Ohio (2), Oregon (2), Kentucky (2)
Why lender choice matters: The rate spread for Subway loans ranges from 6.25% to 12.50%. On a $405K loan, that’s a difference of $25K/year in interest. Choosing the right lender can save you thousands.
How to Get the Best SBA Loan for Subway
- Work with a lender who knows Subway — The lenders above have funded multiple Subway deals and understand the franchise model
- Submit to multiple lenders — Don’t accept the first term sheet. Competition drives rates down.
- Get your franchise agreement ready — SBA lenders will need your FDD, franchise agreement, and any territory documents
- Prepare financial projections — Most lenders require a business plan with 3-year projections for franchise loans
Getting an SBA Loan for Subway?
GoSBA submits your Subway deal to 50+ SBA lenders simultaneously — including all the top lenders listed above. Completely free, with a custom business plan & projections included.
Data source: U.S. Small Business Administration FOIA 7(a) loan data, calendar year 2025.
