How much do lenders finance for a Jeremiah's Italian Ice franchise?

The median SBA loan approved for a Jeremiah's Italian Ice franchise is $350,000, with the middle 80% of loans between $130,000 and $500,000. 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 Jeremiah's Italian Ice franchises?

By dollars approved, the most active SBA lenders for Jeremiah's Italian Ice have been The Huntington National Bank, First Bank of the Lake, Byline Bank, Axiom Bank. 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 Jeremiah's Italian Ice SBA loans?

The median term is 10.3 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 Jeremiah's Italian Ice franchise

SBA lenders have approved 97 loans against the Jeremiah's Italian Ice brand since FY2010, totalling $35.3M. The median approval was $350,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#216

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$350,000

Typical range

$130K-$500K

Middle 80% of loans

Median term

10.3 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 Jeremiah's Italian Ice

Lender	Loans	Approved
The Huntington National Bank	26	$7.6M
First Bank of the Lake	7	$3.1M
Byline Bank	10	$3.0M
Axiom Bank	10	$2.9M
Colony Bank	4	$1.9M
ConnectOne Bank	4	$1.8M
Bank Five Nine	1	$1.8M
The Bancorp Bank	4	$1.6M

Geography

Where Jeremiah's Italian Ice units were financed

State	Loans	Share
Florida	31
Texas	23
Georgia	18
Arizona	7
North Carolina	7
Louisiana	4
South Carolina	2
Nevada	2

Approvals by fiscal year

’20

’21

’22

’23

’24

’25

’26

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
8%
$50K - $150K
3%
$150K - $350K
36%
$350K - $1M
52%
$1M - $2M
1%

Financing a Jeremiah's Italian Ice: common questions

How much do lenders finance for a Jeremiah's Italian Ice franchise?: The median SBA loan approved for a Jeremiah's Italian Ice franchise is $350,000, with the middle 80% of loans between $130,000 and $500,000. 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 Jeremiah's Italian Ice franchises?: By dollars approved, the most active SBA lenders for Jeremiah's Italian Ice have been The Huntington National Bank, First Bank of the Lake, Byline Bank, Axiom Bank. 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 Jeremiah's Italian Ice SBA loans?: The median term is 10.3 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.

We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.