How much do lenders finance for a Penn Station East Coast Subs franchise?

The median SBA loan approved for a Penn Station East Coast Subs franchise is $410,000, with the middle 80% of loans between $50,000 and $1,265,000. 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 Penn Station East Coast Subs franchises?

By dollars approved, the most active SBA lenders for Penn Station East Coast Subs have been Republic Bank & Trust Company, Heritage Bank Inc, Fifth Third Bank, The Huntington National 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 Penn Station East Coast 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 Penn Station East Coast Subs franchise

SBA lenders have approved 17 loans against the Penn Station East Coast Subs brand since FY2010, totalling $12.1M. The median approval was $410,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1097

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$410,000

Typical range

$50K-$1.3M

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 Penn Station East Coast Subs

Lender	Loans	Approved
Republic Bank & Trust Company	1	$4.7M
Heritage Bank Inc	1	$1.5M
Fifth Third Bank	2	$1.3M
The Huntington National Bank	5	$969K
Meridian Bank	1	$647K
United FCU	1	$573K
Pathward	1	$515K
Midwest Regional Bank	1	$500K

Geography

Where Penn Station East Coast Subs units were financed

State	Loans	Share
Michigan	6
Ohio	5
North Carolina	2
Indiana	2
Missouri	1
Kentucky	1

Approvals by fiscal year

’18

’19

’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

$50K - $150K
24%
$150K - $350K
12%
$350K - $1M
47%
$1M - $2M
12%
Over $2M
6%

Financing a Penn Station East Coast Subs: common questions

How much do lenders finance for a Penn Station East Coast Subs franchise?: The median SBA loan approved for a Penn Station East Coast Subs franchise is $410,000, with the middle 80% of loans between $50,000 and $1,265,000. 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 Penn Station East Coast Subs franchises?: By dollars approved, the most active SBA lenders for Penn Station East Coast Subs have been Republic Bank & Trust Company, Heritage Bank Inc, Fifth Third Bank, The Huntington National 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 Penn Station East Coast 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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