SBA lending record
Subway
2316 9TH ST E, Glencoe, MN 55336 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.8M
Total SBA financing
3
Loans on record
FY2021–25
On record
120
Jobs supported
Franchise brand
Subway
See Subway's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
Is Subway your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
All 3 loans
$912,000 — FY2025
Loan 1 of 3- Gross approval
- $912,000
- SBA guaranteed
- $684,000 (75%)
- Status
- Current
- Rate at approval
- 9.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/2/2025
- First disbursement
- 3/26/2025
- Days to fund
- 52 days
- Collateral
- Required
- Jobs supported
- 15
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
- NAICS code
- 722513
- Franchise
- Subway
- Franchise code
- S1639
- Lender
- First Bank of the Lake
- Address
- 1800 E 66TH ST
- City
- Minneapolis, 55423
- County
- Hennepin
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 3
$746,000 — FY2024
Loan 2 of 3- Gross approval
- $746,000
- SBA guaranteed
- $559,500 (75%)
- Status
- Current
- Rate at approval
- 11% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 8/27/2024
- First disbursement
- 11/6/2024
- Days to fund
- 71 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 5
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
- NAICS code
- 722513
- Franchise
- Subway
- Franchise code
- S1639
- Lender
- Readycap Lending, LLC
- Address
- 1520 E. SHERIDAN ST
- City
- Ely, 55731
- County
- Saint Louis
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 8
$125,000 — FY2021
Loan 3 of 3- Gross approval
- $125,000
- SBA guaranteed
- $62,500 (50%)
- Status
- Current
- Rate at approval
- 5.25% f
- Term
- 84 mo (7 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/18/2020
- First disbursement
- 12/18/2020
- Days to fund
- 0 days
- Collateral
- Required
- Jobs supported
- 100
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
- NAICS code
- 722513
- Franchise
- Subway
- Franchise code
- S1639
- Lender
- Citizens Bank & Trust Co
- Address
- 2316 9TH ST E
- City
- Glencoe, 55336
- County
- Mcleod
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 7
The lenders
Citizens Bank & Trust Co
1 loan to this businessFull SBA lending record + branches on the lender page →First Bank of the Lake
1 loan to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding limited-service restaurants — by location, industry, and brand.
Other Subway locations
Other Subway businesses in the public SBA record — closest first, by location and deal size.
ARMSTRONG & SONS LLC
Bloomington, MN· ~41 mi
Subway
- $2.1M
- SBA financing
- ≈ $4.1M–$6.9M
- Est. revenue (rough)
ADL Enterprises LLC
Excelsior, MN· ~29 mi
Subway
- $608K
- SBA financing
- ≈ $1.2M–$2.0M
- Est. revenue (rough)
UPNORTH EATS, INC.
Oak Park Heights, MN· ~67 mi
Subway
- $925K
- SBA financing
- ≈ $1.8M–$3.0M
- Est. revenue (rough)
LA ENTERPRISE INC
Vermillion, SD· ~195 mi
Subway
- $2.1M
- SBA financing
- ≈ $4.2M–$7.0M
- Est. revenue (rough)
Cambridge Baugus Corporation
Cambridge, MN· ~71 mi
Subway
- $3.8M
- SBA financing
- ≈ $7.4M–$12M
- Est. revenue (rough)
Wisepace I Inc.
Aurora, SD· ~130 mi
Subway
- $978K
- SBA financing
- ≈ $1.9M–$3.2M
- Est. revenue (rough)
Similar businesses
Comparable limited-service restaurants in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Dairy Queen
Burnsville, MN· ~43 mi
DQ Grill & Chill Operating Agreement (American Dairy Queen)
- $1.8M
- SBA financing
- ≈ $3.6M–$6.0M
- Est. revenue (rough)
BUT WE WERE ON A BREAK LLC
Buffalo, MN· ~31 mi
Jimmy John's
- $1.1M
- SBA financing
- ≈ $2.2M–$3.6M
- Est. revenue (rough)
PMG 56 LLC, Chan Series
Chanhassen, MN· ~29 mi
Jersey Mike's
- $3.4M
- SBA financing
- ≈ $6.6M–$11M
- Est. revenue (rough)
PLYMOUTH LUNCH MONEY LLC
Plymouth, MN· ~36 mi
Limited-Service Restaurants
- $1.2M
- SBA financing
- ≈ $2.3M–$3.8M
- Est. revenue (rough)
BELLMAKER PARTNERS LLC
Lakeville, MN· ~43 mi
Chicken Salad Chick
- $1.1M
- SBA financing
- ≈ $2.2M–$3.7M
- Est. revenue (rough)
La Palma Properties II, LLC
Brooklyn Center, MN· ~45 mi
Limited-Service Restaurants
- $2.3M
- SBA financing
- ≈ $4.5M–$7.5M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Subway in Glencoe, MN (Limited-Service Restaurants). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 3 SBA 7(a) loans totaling $1.8M
- On record FY2021–25
- 120 jobs supported
- Industry: Limited-Service Restaurants
- Location: Glencoe, MN
- Lenders: Citizens Bank & Trust Co, Readycap Lending, LLC, First Bank of the Lake
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Limited-Service Restaurants businesses in MN for ~$594k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Subway.