What to know about Jimmy John’s franchise SBA loans
Jimmy John’s franchises project state SBA 7(a) loan approvals in 2020.
Jimmy John’s Franchise SBA Lending Highlights
2020 Year End
22 lenders approved 30 SBA 7(a) loans for $21,239,500. The average loan approval amount in 2020 was 707,983. SBA loans were approved to borrowers from 27 cities for projects in 15 states.
Historical
197 lenders approved 898 SBA 7(a) loans for $346,680,743. SBA loans were approved for borrowers from 569 cities, for projects in 43 states, with an average loan approval amount of $386,059.
SBA Rankings
For 2020 franchise loans in the Limited-Service Restaurants industry Jimmy John’s ranks #6 for loan approvals and #6 for approval amounts.
Charge-offs (Defaults)
1.29% of loans were charged-off by SBA lenders for the 10-Year Period Ending 2019.
0.81% 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 Jimmy John’s for a full report, but below are a few highlights:
Historical SBA 7(a) Lending
Jimmy John’s Franchises
2020 Top 25 Franchise Brands
Limited-Service Restaurants SBA 7(a) Loans
Loan Approvals
Approval Amounts
2020 Top 25 SBA Lenders
Jimmy John’s Franchise Loans
Loan Approvals
Approved Amounts
SBA 7(a) Lending Forecast
Our forecast model projects Jimmy John’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: Jimmy John’s
SBA Forecast: Limited-Service Restaurants
See our full (and free) SBA report on Jimmy John’s
This report has about everything a small business owner would want to know about SBA 7(a) loans to Jimmy John’s franchise businesses. See the top rankings, lenders, loan amounts, default data, forecasts, the top project states and borrower cities, and more.
