How much do lenders finance for a Lenny's Sub Shops franchise?

The median SBA loan approved for a Lenny's Sub Shops franchise is $228,650, with the middle 80% of loans between $55,000 and $300,900. 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 Lenny's Sub Shops franchises?

By dollars approved, the most active SBA lenders for Lenny's Sub Shops have been Sage Capital Bank, Simmons Bank, Stearns Bank, Ameris 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 Lenny's Sub Shops SBA loans?

The median term is 8.9 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 Lenny's Sub Shops franchise

SBA lenders have approved 14 loans against the Lenny's Sub Shops brand since FY2010, totalling $3.1M. The median approval was $228,650. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1261

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$228,650

Typical range

$55K-$301K

Middle 80% of loans

Median term

8.9 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 Lenny's Sub Shops

Lender	Loans	Approved
Sage Capital Bank	3	$602K
Simmons Bank	1	$465K
Stearns Bank	1	$301K
Ameris Bank	1	$300K
First Lockhart Bank	1	$292K
First-Citizens Bank & Trust Company	1	$290K
Core Bank	1	$240K
The Huntington National Bank	1	$217K

Geography

Where Lenny's Sub Shops units were financed

State	Loans	Share
Texas	7
Arkansas	2
Florida	2
Nebraska	1
Tennessee	1
Georgia	1

Approvals by fiscal year

’12

’14

’15

’16

’17

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
7%
$50K - $150K
21%
$150K - $350K
64%
$350K - $1M
7%

Financing a Lenny's Sub Shops: common questions

How much do lenders finance for a Lenny's Sub Shops franchise?: The median SBA loan approved for a Lenny's Sub Shops franchise is $228,650, with the middle 80% of loans between $55,000 and $300,900. 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 Lenny's Sub Shops franchises?: By dollars approved, the most active SBA lenders for Lenny's Sub Shops have been Sage Capital Bank, Simmons Bank, Stearns Bank, Ameris 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 Lenny's Sub Shops SBA loans?: The median term is 8.9 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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