Franchise financing
Jersey Mike's franchise financing
What it costs to finance a Jersey Mike's franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 477
- Total funded
- $197.6M
- Median loan
- $350K
- 7(a) charge-off
- 1.1%
What financing a Jersey Mike's franchise costs
The median SBA loan to a Jersey Mike's franchisee is $350K, and the middle half of Jersey Mike's's 477 loans run $300K to $475K (average $414K). Across all SBA-financed franchises the median loan is $350K. Jersey Mike's buyers borrow about the same as the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median Jersey Mike's loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 459 Jersey Mike's loans where the SBA recorded a business age, 79.1% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Jersey Mike's
Jersey Mike's franchisees have financed with 477 SBA loans since FY2010, averaging $414K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (474 of the 477 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Jersey Mike's's 7(a) charge-off rate is 1.1% across 474 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Jersey Mike's
By SBA loan count
Where Jersey Mike's gets funded
Top states by loan count
- 1. Texas 64
- 2. California 47
- 3. Illinois 28
- 4. Washington 36
- 5. Minnesota 15
- 6. Florida 21
- 7. Michigan 19
- 8. Ohio 24
Financing a Jersey Mike's?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
Jersey Mike's SBA financing FAQ
How much does a Jersey Mike's franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Jersey Mike's franchisee is $350K, and the middle half of Jersey Mike's's 477 loans run $300K to $475K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Jersey Mike's's franchise disclosure document.
Can you use an SBA loan for Jersey Mike's?
Yes. Lenders have funded 477 SBA loans to Jersey Mike's franchisees, worth $197.6M in all, so Jersey Mike's is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Jersey Mike's?
The data says yes: of Jersey Mike's's 459 SBA loans that record a business age, 79.1% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance Jersey Mike's?
By loan count, the most active SBA lenders for Jersey Mike's are Live Oak Banking Company, Citizens Bank, The Huntington National Bank, among others. A lender already active with your brand often moves faster.
What is Jersey Mike's's SBA charge-off rate?
Across Jersey Mike's's 474 SBA 7(a) loans, 1.1% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits Jersey Mike's?
Mostly 7(a): 474 of Jersey Mike's's 477 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median Jersey Mike's loan term is 10 years.