How much do lenders finance for a Cousins Submarines franchise?

The median SBA loan approved for a Cousins Submarines franchise is $136,100, with the middle 80% of loans between $39,300 and $230,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Cousins Submarines franchises?

By dollars approved, the most active SBA lenders for Cousins Submarines have been Bank Five Nine, Park Bank, First Citizens State Bank, Bank of Ann Arbor. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Cousins Submarines SBA loans?

The median term is 8.5 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Cousins Submarines franchise

SBA lenders have approved 18 loans against the Cousins Submarines brand since FY2010, totalling $2.6M. The median approval was $136,100. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1039

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$136,100

Typical range

$39K-$230K

Middle 80% of loans

Median term

8.5 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Cousins Submarines

Lender	Loans	Approved
Bank Five Nine	8	$1.4M
Park Bank	1	$239K
First Citizens State Bank	1	$230K
Bank of Ann Arbor	2	$224K
National Exchange Bank and Trust	1	$215K
Horicon Bank	1	$148K
UMB Bank	3	$74K
Landmark Credit Union	1	$60K

Geography

Where Cousins Submarines units were financed

State	Loans	Share
Wisconsin	18

Approvals by fiscal year

’10

’11

’12

’13

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

Under $50K
22%
$50K - $150K
33%
$150K - $350K
39%
$350K - $1M
6%

Financing a Cousins Submarines: common questions

How much do lenders finance for a Cousins Submarines franchise?: The median SBA loan approved for a Cousins Submarines franchise is $136,100, with the middle 80% of loans between $39,300 and $230,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Cousins Submarines franchises?: By dollars approved, the most active SBA lenders for Cousins Submarines have been Bank Five Nine, Park Bank, First Citizens State Bank, Bank of Ann Arbor. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Cousins Submarines SBA loans?: The median term is 8.5 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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