Updated with official SBA FOIA data through December 31, 2025
Looking for an SBA loan to buy or open a Jersey Mike’s franchise? Not all lenders are equal — some banks fund dozens of Jersey Mike’s 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 Jersey Mike’s in 2025 using official FOIA data. Here are the lenders who fund the most deals.
Top SBA Lenders for Jersey Mike’s (2025)
| # | Lender | Loans | Volume | Avg Rate |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | 13 | $7.1M | 9.46% |
| 2 | WesBanco Bank, Inc. | 3 | $4.1M | 9.50% |
| 3 | Frandsen Bank and Trust | 2 | $2.0M | 9.88% |
| 4 | Navigant CU | 2 | $800K | 8.00% |
| 5 | United Community Bank | 2 | $780K | 9.50% |
| 6 | The Huntington National Bank | 2 | $2.5M | 8.38% |
| 7 | Manufacturers and Traders Trust Company | 2 | $1.1M | 9.00% |
| 8 | Ascent Bank | 1 | $785K | 8.00% |
| 9 | Readycap Lending, LLC | 1 | $707K | 9.75% |
| 10 | SouthState Bank, National Association | 1 | $877K | 10.25% |
| 11 | GECU | 1 | $354K | 7.75% |
| 12 | St. Charles Bank & Trust Company, National Association | 1 | $307K | 9.50% |
| 13 | First Bank of the Lake | 1 | $716K | 9.75% |
| 14 | Celtic Bank Corporation | 1 | $685K | 10.00% |
Key Stats
- Total SBA loans for Jersey Mike’s in 2025: 33
- Total volume: $22.6M
- Average loan size: $686K
- Average interest rate: 9.27%
- Rate range: 7.50% – 10.50%
- Top states: California (4), Texas (3), New York (3), Washington DC (2), Rhode Island (2), Missouri (2), Massachusetts (2), Indiana (2), Illinois (2), Minnesota (1)
Why lender choice matters: The rate spread for Jersey Mike’s loans ranges from 7.50% to 10.50%. On a $686K loan, that’s a difference of $21K/year in interest. Choosing the right lender can save you thousands.
How to Get the Best SBA Loan for Jersey Mike’s
- Work with a lender who knows Jersey Mike’s — The lenders above have funded multiple Jersey Mike’s 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 Jersey Mike’s?
GoSBA submits your Jersey Mike’s 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.
