How much do lenders finance for a Jon Smith Subs franchise?

The median SBA loan approved for a Jon Smith Subs franchise is $374,400, with the middle 80% of loans between $200,000 and $523,500. 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 Jon Smith Subs franchises?

By dollars approved, the most active SBA lenders for Jon Smith Subs have been Newtek Small Business Finance, Inc., Stearns Bank, Cen Cal Business Finance Group, Citizens 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 Jon Smith Subs SBA loans?

The median term is 10 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 Jon Smith Subs franchise

SBA lenders have approved 26 loans against the Jon Smith Subs brand since FY2010, totalling $13.1M. The median approval was $374,400. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#807

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$374,400

Typical range

$200K-$524K

Middle 80% of loans

Median term

10 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 Jon Smith Subs

Lender	Loans	Approved
Newtek Small Business Finance, Inc.	8	$4.9M
Stearns Bank	8	$3.1M
Cen Cal Business Finance Group	1	$1.9M
Citizens Bank	4	$1.5M
Beacon Bank and Trust	1	$500K
Pinnacle Bank	1	$412K
New Carlisle	1	$350K
Choice Financial Group	1	$300K

Geography

Where Jon Smith Subs units were financed

State	Loans	Share
Texas	6
Florida	5
California	2
Minnesota	2
Tennessee	2
Ohio	1
Nevada	1
South Carolina	1

Approvals by fiscal year

’17

’18

’19

’20

’21

’22

’23

’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

$50K - $150K
4%
$150K - $350K
27%
$350K - $1M
62%
$1M - $2M
4%
Over $2M
4%

Financing a Jon Smith Subs: common questions

How much do lenders finance for a Jon Smith Subs franchise?: The median SBA loan approved for a Jon Smith Subs franchise is $374,400, with the middle 80% of loans between $200,000 and $523,500. 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 Jon Smith Subs franchises?: By dollars approved, the most active SBA lenders for Jon Smith Subs have been Newtek Small Business Finance, Inc., Stearns Bank, Cen Cal Business Finance Group, Citizens 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 Jon Smith Subs SBA loans?: The median term is 10 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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