SBA Loans for Jimmy John's Franchises
Who actually funds Jimmy John'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 Jimmy John's SBA loans
Ranked by number of Jimmy John's 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | 15 | $14.3M | $953K |
| 2 | The Huntington National Bank | 14 | $4.4M | $318K |
| 3 | Granite Bank | 6 | $4.9M | $821K |
| 3 | Old National Bank | 6 | $5.8M | $971K |
| 5 | Happen Bank | 5 | $2.0M | $402K |
| 6 | The Park National Bank | 4 | $2.9M | $719K |
| 6 | Forcht Bank, National Association | 4 | $992K | $248K |
| 6 | Readycap Lending, LLC | 4 | $7.9M | $2.0M |
| 6 | BankVista | 4 | $2.6M | $652K |
| 10 | Choice Financial Group | 3 | $4.6M | $1.5M |
| 10 | First Commonwealth Bank | 3 | $2.1M | $714K |
| 10 | Flagstar Bank National Association | 3 | $1.2M | $393K |
| 10 | Citizens Bank | 3 | $938K | $313K |
| 10 | Union Bank and Trust Company | 3 | $4.7M | $1.6M |
| 10 | Gulf Coast Bank and Trust Company | 3 | $1.4M | $480K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Jimmy John's loan in this period, ranked by loan count.
Jimmy John's SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| MN | 15 | $12.9M | $859K |
| NC | 10 | $8.5M | $853K |
| CO | 6 | $7.5M | $1.3M |
| IL | 7 | $7.3M | $1.0M |
| OH | 12 | $6.5M | $541K |
| IN | 7 | $6.3M | $901K |
| TX | 8 | $5.8M | $724K |
| AZ | 3 | $4.8M | $1.6M |
| MI | 8 | $4.8M | $600K |
| GA | 9 | $4.8M | $532K |
| MO | 4 | $4.6M | $1.1M |
| CA | 6 | $4.4M | $729K |
| WA | 6 | $4.3M | $711K |
| NE | 2 | $4.0M | $2.0M |
| IA | 1 | $3.0M | $3.0M |
Jimmy John's SBA loans by year
How Jimmy John's SBA loans have performed
Outcomes for every funded Jimmy John'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 Jimmy John'sfrom the SBA Franchise Directory
When the real estate where the franchise business is located will secure the SBA-guaranteed loan, the Option to Assume Lease may not be executed.
How to use this
The lenders above have actually closed SBA 7(a) loans for Jimmy John'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 Jimmy John's deal to a lender currently funding this brand.
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