What to know about Jersey Mike’s franchise SBA loans
Jersey Mike’s franchises project state SBA 7(a) loan approvals in 2020.
Jersey Mike’s Franchise SBA Lending Highlights
2020 Year End
28 lenders approved 41 SBA 7(a) loans for $16,864,091. The average loan approval amount in 2020 was $411,319. SBA loans were approved to borrowers from 39 cities for projects in 21 states.
Historical
135 lenders approved 465 SBA 7(a) loans for $124,543,021. SBA loans were approved for borrowers from 320 cities, for projects in 39 states, with an average loan approval amount of $267,835.
SBA Rankings
#14 in 2020 for all franchises in SBA loan approvals. For 2020 franchise loans in the Limited-Service Restaurants industry Jersey Mike’s ranks #3 for loan approvals and #7 for approval amounts.
Charge-offs (Defaults)
0.41% of loans were charged-off by SBA lenders for the 10-Year Period Ending 2019.
0.46% of loans were charged-off by SBA lenders for the 10-Year Period Ending 2018.
The difference between a charge-off and a default, and the SBA loan default paradox
Read our free SBA Franchise Report for Jersey Mike’s for a full report, but below are a few highlights:
Historical SBA 7(a) Lending
Jersey Mike’s Franchises
2020 Top 25 Franchise Brands
Limited-Service Restaurants SBA 7(a) Loans
Loan Approvals
Approval Amounts
2020 Top 25 SBA Lenders
Jersey Mike’s Franchise Loans
Loan Approvals
Approved Amounts
SBA 7(a) Lending Forecast
Our forecast model projects Jersey Mike’s 2021 franchise SBA approvals at $22 million and for the Limited-Services Restaurants industry we project $678 million in SBA 7(a) approvals in 2021.
SBA Forecast: Jersey Mike’s
SBA Forecast: Limited-Service Restaurants
See our full (and free) SBA report on Jersey Mike’s
This report has about everything a small business owner would want to know about SBA 7(a) loans to Jersey Mike’s franchise businesses. See the top rankings, lenders, loan amounts, default data, forecasts, the top project states and borrower cities, and more.
