Food & Restaurants · lender intelligence

How to finance a Jersey Mike's in Florida

State:

Alabama (4)Arizona (1)Arkansas (6)California (19)Colorado (8)Connecticut (5)Delaware (1)District of Columbia (2)Georgia (8)Idaho (2)Illinois (20)Indiana (5)

The SBA 7(a) lenders funding the most Jersey Mike's deals in Florida, from public loan records — typical Jersey Mike's loan about $431K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Jersey Mike's in Florida

$421K

Typical loan

range $350K–$630K

$468K

Est. purchase price

≈ loan ÷ 90%

$62,595

Cash to close

$46,800 down + fees

$5,450/mo

Typical payment

~9.5% · 10yr

$75,210/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

28 days

Typical time to fund

Lenders competing

more = leverage

7.34%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Jersey Mike's in Florida

Ranked by funded Jersey Mike's loans in Florida. Tap a lender for its full record, or hit Get in touch for an introduction.

1.88 loans · $96M · Muncie, INFull record →
2.12 loans · $14M · Mobile, ALFull record →
3.34 loans · $57M · Charlotte, NCFull record →
4.149 loans · $135M · Mukwonago, WIFull record →
5.6 loans · $6M · Conway, ARFull record →
6.284 loans · $254M · Cincinnati, OHFull record →
7.1,296 loans · $1.4B · Wilmington, NCFull record →
8.24 loans · $17M · Wayne, PAFull record →

14+ funded Jersey Mike's in Florida deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

Jersey Mike's Subs in St. Augustine, FL — $745K (2024) · First Merchants Bank
Program
Preferred Lenders Program
Rate at approval
11% variable
Term
126 months
SBA guaranteed
$559K (75%)
Approval → funding
11 days
Approved
8/23/2024
First disbursed
9/3/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First Merchants Bank · Lender record →
Your business? Claim this record · Request removal
Jersey Mike's Subs in Jacksonville, FL — $685K (2024) · First Merchants Bank
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
126 months
SBA guaranteed
$514K (75%)
Approval → funding
5 days
Approved
9/11/2024
First disbursed
9/16/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First Merchants Bank · Lender record →
Your business? Claim this record · Request removal
Jersey Mike's Subs in Jacksonville, FL — $685K (2024) · First Merchants Bank
Program
Preferred Lenders Program
Rate at approval
11% variable
Term
126 months
SBA guaranteed
$514K (75%)
Approval → funding
10 days
Approved
9/17/2024
First disbursed
9/27/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by First Merchants Bank · Lender record →
Your business? Claim this record · Request removal
Jersey Mike's Subs in Hallandale Beach, FL — $350K (2023) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
8.96% variable
Term
126 months
SBA guaranteed
$263K (75%)
Approval → funding
52 days
Approved
3/28/2023
First disbursed
5/19/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
21
Business age
Startup, Loan Funds will Open Business
Industry
Cafeterias, Grill Buffets, and Buffets
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Xyraelyn QSR Vero III LLC in Vero Beach, FL — $102K (2023) · 22nd State Bank, A Division of 22nd State Banking Company
Program
Preferred Lenders Program
Rate at approval
9% variable
Term
120 mo (10 yrs)
SBA guaranteed
$76K (75%)
Approval → funding
5 days
Approved
10/20/2022
First disbursed
10/25/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
14
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by 22nd State Bank, A Division of 22nd State Banking Company · Lender record →
Your business? Claim this record · Request removal
Sub Life 150, LLC in Jacksonville, FL — $284K (2022) · Truist Bank
Program
Preferred Lenders Program
Rate at approval
6.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$213K (75%)
Approval → funding
1 days
Approved
9/29/2022
First disbursed
9/30/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
18
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by Truist Bank · Lender record →
Your business? Claim this record · Request removal
Jersey Mike's Subs in Vero Beach, FL — $630K (2021) · 22nd State Bank, A Division of 22nd State Banking Company
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
126 months
SBA guaranteed
$567K (90%)
Approval → funding
452 days
Approved
7/30/2021
First disbursed
10/25/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
16
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by 22nd State Bank, A Division of 22nd State Banking Company · Lender record →
Your business? Claim this record · Request removal
KNUCKLE SANDWICH LLC in Inverness, FL — $465K (2021) · Citizens Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
122 months
SBA guaranteed
$419K (90%)
Approval → funding
28 days
Approved
2/1/2021
First disbursed
3/1/2021
Loan status
Paid in full (2/28/2022)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
26
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
Ohana6, LLC in Windermere, FL — $450K (2021) · Meridian Bank
Program
Preferred Lenders Program
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$405K (90%)
Approval → funding
6 days
Approved
6/24/2021
First disbursed
6/30/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
14
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Meridian Bank · Lender record →
Your business? Claim this record · Request removal
Crave Foods 4 in Miami, FL — $382K (2021) · Wells Fargo Bank National Association
Program
Preferred Lenders Program
Rate at approval
5.1% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$343K (90%)
Approval → funding
161 days
Approved
9/27/2021
First disbursed
3/7/2022
Loan status
Current
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
23
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by Wells Fargo Bank National Association · Lender record →
Your business? Claim this record · Request removal
CRAVE FOODS 3 LLC in Pembroke Pines, FL — $360K (2021) · Wells Fargo Bank National Association
Program
Preferred Lenders Program
Rate at approval
5.1% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$324K (90%)
Approval → funding
109 days
Approved
9/27/2021
First disbursed
1/14/2022
Loan status
Current
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
23
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by Wells Fargo Bank National Association · Lender record →
Your business? Claim this record · Request removal
SL RESTAURANTS, LLC in Clearwater, FL — $265K (2021) · purchase · Centennial Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$239K (90%)
Approval → funding
9 days
Approved
3/8/2021
First disbursed
3/17/2021
Loan status
Paid in full (1/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
11
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$294K
Est. down payment (10%)
$29K
Est. cash at closing
$39K
Monthly payment
$2,942
Annual debt service
$35K
Cash flow needed (1.25×)
$44K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Centennial Bank · Lender record →
Your business? Claim this record · Request removal
MIA Subs LLC in Doral, FL — $421K (2020) · Fifth Third Bank
Program
Preferred Lenders Program
Rate at approval
5.28% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$316K (75%)
Approval → funding
36 days
Approved
6/25/2020
First disbursed
7/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Fifth Third Bank · Lender record →
Your business? Claim this record · Request removal
SDHM Restaurants LLC in Pinellas Park, FL — $383K (2020) · Truist Bank
Program
Preferred Lenders Program
Rate at approval
6.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$287K (75%)
Approval → funding
85 days
Approved
2/5/2020
First disbursed
4/30/2020
Loan status
Current
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Jobs supported
15
Business age
Startup, Loan Funds will Open Business
Industry
Full-Service Restaurants
Funded by Truist Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Jersey Mike's in Florida? Start with a lender that funds them here

We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.

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CapBench analysis of public SBA 7(a) lending records; ranked by funded Jersey Mike's loans with a Florida project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Jersey Mike's purchase in Florida with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Florida deals. First Merchants Bank funds the most here. CapBench is not a lender.

$431K typical Jersey Mike's loan
9 lenders active in Florida
14+ funded Florida deals
28 days typical to fund

Buyers buying a Jersey Mike's in Florida typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All Jersey Mike's lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-22.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/jersey-mike-s/florida
API:: https://www.capbench.com/api/public/lenders?franchise=jersey-mike-s&state=FL
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.