Food & Restaurants · lender intelligence

How to finance a Subway in Indiana

State:

The SBA 7(a) lenders funding the most Subway deals in Indiana, from public loan records — typical Subway loan about $210K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Subway in Indiana

$180K

Typical loan

range $50K–$400K

$200K

Est. purchase price

≈ loan ÷ 90%

$26,750

Cash to close

$20,000 down + fees

$2,635/mo

Typical payment

~12.5% · 10yr

$36,363/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

48 days

Typical time to fund

Lenders competing

more = leverage

7.23%

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 Subway in Indiana

Ranked by funded Subway loans in Indiana. Tap a lender for its full record, or hit Get in touch for an introduction.

1.2,539 loans · $965M · Columbus, OHFull record →
2.36 loans · $51M · Carmel, INFull record →
3.42 loans · $48M · Los Angeles, CAFull record →
4.16 loans · $6M · New Castle, INFull record →
5.7 loans · $0M · Fort Wayne, INFull record →
6.328 loans · $134M · Cleveland, OHFull record →
7.15 loans · $4M · Waverly, NEFull record →
8.25 loans · $5M · Whiting, INFull record →
9.1 loans · $1M · Cuba, MOFull record →
10.868 loans · $362M · Salt Lake City, UTFull record →
11.1 loans · $1M · Brownsburg, INFull record →

33+ funded Subway in Indiana 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.

Maison Roots Inc in Indianapolis, IN — $559K (2026) · purchase · Citizens State Bank of New Castle
Program
7a General
Rate at approval
9.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$419K (75%)
Approval → funding
29 days
Approved
12/9/2025
First disbursed
1/7/2026
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
17
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$621K
Est. down payment (10%)
$62K
Est. cash at closing
$83K
Monthly payment
$7,233
Annual debt service
$87K
Cash flow needed (1.25×)
$109K
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 Citizens State Bank of New Castle · Lender record →
Your business? Claim this record · Request removal
Prestwick SBY 927 LLC in Avon, IN — $50K (2025) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
84 mo (7 yrs)
SBA guaranteed
$43K (85%)
Approved
12/12/2024
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
US31 SBY 1175 LLC in Indianapolis, IN — $50K (2025) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
84 mo (7 yrs)
SBA guaranteed
$43K (85%)
Approved
12/23/2024
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
JP Sunrise LLC in Lebanon, IN — $1.3M (2024) · Bank of America, National Association
Program
Preferred Lenders Program
Rate at approval
6.15% fixed
Term
264 mo (22 yrs)
SBA guaranteed
$1.0M (75%)
Approval → funding
8 days
Approved
2/28/2024
First disbursed
3/7/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
27
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by Bank of America, National Association · Lender record →
Your business? Claim this record · Request removal
Ayaan 20 Inc in Anderson, IN — $320K (2024) · STAR Financial Bank
Program
Preferred Lenders Program
Rate at approval
8.5% fixed
Term
248 months
SBA guaranteed
$240K (75%)
Approval → funding
216 days
Approved
8/30/2024
First disbursed
4/3/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by STAR Financial Bank · Lender record →
Your business? Claim this record · Request removal
Subway #1772 in Indianapolis, IN — $300K (2024) · Centerstone SBA Lending, Inc.
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
123 months
SBA guaranteed
$225K (75%)
Approval → funding
74 days
Approved
6/29/2024
First disbursed
9/11/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
15
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by Centerstone SBA Lending, Inc. · Lender record →
Your business? Claim this record · Request removal
Highland24756 LLC in Highland, IN — $250K (2024) · purchase · Peoples Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
8.75% fixed
Term
60 mo (5 yrs)
SBA guaranteed
$125K (50%)
Approval → funding
35 days
Approved
8/26/2024
First disbursed
9/30/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$278K
Est. down payment (10%)
$28K
Est. cash at closing
$37K
Monthly payment
$5,159
Annual debt service
$62K
Cash flow needed (1.25×)
$77K
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 Peoples Bank · Lender record →
Your business? Claim this record · Request removal
THE CGH GROUP, LLC in Elkhart, IN — $196K (2024) · purchase · Centier Bank
Program
Preferred Lenders Program
Rate at approval
9.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$147K (75%)
Approval → funding
46 days
Approved
3/1/2024
First disbursed
4/16/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Full-Service Restaurants
If you were the buyer here
Est. deal size
$218K
Est. down payment (10%)
$22K
Est. cash at closing
$29K
Monthly payment
$2,507
Annual debt service
$30K
Cash flow needed (1.25×)
$38K
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 Centier Bank · Lender record →
Your business? Claim this record · Request removal
Ayaan 20 Inc in Anderson, IN — $174K (2024) · STAR Financial Bank
Program
Preferred Lenders Program
Rate at approval
8.5% fixed
Term
84 mo (7 yrs)
SBA guaranteed
$131K (75%)
Approval → funding
21 days
Approved
8/29/2024
First disbursed
9/19/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by STAR Financial Bank · Lender record →
Your business? Claim this record · Request removal
SUBWAY 1772 in Indianapolis, IN — $1.1M (2023) · purchase · Centerstone SBA Lending, Inc.
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$806K (75%)
Approval → funding
51 days
Approved
7/31/2023
First disbursed
9/20/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
15
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$1.2M
Est. down payment (10%)
$119K
Est. cash at closing
$164K
Monthly payment
$9,959
Annual debt service
$120K
Cash flow needed (1.25×)
$149K
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 Centerstone SBA Lending, Inc. · Lender record →
Your business? Claim this record · Request removal
Sunrise Seven LLC in Whitestown, IN — $515K (2023) · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
126 months
SBA guaranteed
$386K (75%)
Approved
9/30/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
18
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
SUBWAY 1426 in Indianapolis, IN — $400K (2023) · purchase · Centerstone SBA Lending, Inc.
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$300K (75%)
Approval → funding
51 days
Approved
7/31/2023
First disbursed
9/20/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
5
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$444K
Est. down payment (10%)
$44K
Est. cash at closing
$59K
Monthly payment
$5,397
Annual debt service
$65K
Cash flow needed (1.25×)
$81K
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 Centerstone SBA Lending, Inc. · Lender record →
Your business? Claim this record · Request removal
Novinder Sub Corp LLC in Brownsburg, IN — $200K (2022) · purchase · Horizon Bank
Program
7a General
Rate at approval
6.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$150K (75%)
Approved
4/27/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$223K
Est. down payment (10%)
$22K
Est. cash at closing
$30K
Monthly payment
$2,249
Annual debt service
$27K
Cash flow needed (1.25×)
$34K
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 Horizon Bank · Lender record →
Your business? Claim this record · Request removal
DV Management, Inc in Fishers, IN — $130K (2022) · purchase · Hendricks County Bank and Trust Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6% variable
Term
84 mo (7 yrs)
SBA guaranteed
$65K (50%)
Approval → funding
105 days
Approved
11/1/2021
First disbursed
2/14/2022
Loan status
Paid in full (1/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$144K
Est. down payment (10%)
$14K
Est. cash at closing
$19K
Monthly payment
$1,899
Annual debt service
$23K
Cash flow needed (1.25×)
$28K
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 Hendricks County Bank and Trust Company · Lender record →
Your business? Claim this record · Request removal
PNG SUB CORP in Avon, IN — $525K (2021) · purchase · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$473K (90%)
Approval → funding
2 days
Approved
6/21/2021
First disbursed
6/23/2021
Loan status
Paid in full (7/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
9
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$583K
Est. down payment (10%)
$58K
Est. cash at closing
$78K
Monthly payment
$5,633
Annual debt service
$68K
Cash flow needed (1.25×)
$84K
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 Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
Ruhi 20 Inc in Anderson, IN — $455K (2021) · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$410K (90%)
Approval → funding
5 days
Approved
3/12/2021
First disbursed
3/17/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
11
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
BAPA23533 INC in Indianapolis, IN — $349K (2021) · purchase · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$314K (90%)
Approved
9/10/2021
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$387K
Est. down payment (10%)
$39K
Est. cash at closing
$52K
Monthly payment
$3,741
Annual debt service
$45K
Cash flow needed (1.25×)
$56K
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 Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
Ashapura Inc. in Indianapolis, IN — $347K (2021) · purchase · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$312K (90%)
Approval → funding
63 days
Approved
8/19/2021
First disbursed
10/21/2021
Loan status
Paid in full (12/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
8
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$386K
Est. down payment (10%)
$39K
Est. cash at closing
$52K
Monthly payment
$3,723
Annual debt service
$45K
Cash flow needed (1.25×)
$56K
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 Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
Preet Corporation LLC in Indianapolis, IN — $180K (2021) · purchase · Citizens State Bank of New Castle
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$90K (50%)
Approval → funding
88 days
Approved
11/5/2020
First disbursed
2/1/2021
Loan status
Paid in full (12/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$200K
Est. down payment (10%)
$20K
Est. cash at closing
$27K
Monthly payment
$2,044
Annual debt service
$25K
Cash flow needed (1.25×)
$31K
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 Citizens State Bank of New Castle · Lender record →
Your business? Claim this record · Request removal
Anaya 20 Inc in Anderson, IN — $146K (2021) · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$131K (90%)
Approval → funding
5 days
Approved
3/12/2021
First disbursed
3/17/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
6
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal

Buying a Subway in Indiana? Start with a lender that funds them here

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CapBench analysis of public SBA 7(a) lending records; ranked by funded Subway loans with a Indiana project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Subway purchase in Indiana with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Indiana deals. The Huntington National Bank funds the most here. CapBench is not a lender.

$210K typical Subway loan
12 lenders active in Indiana
33+ funded Indiana deals
48 days typical to fund

Buyers buying a Subway in Indiana 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 Subway lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-19.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/subway/indiana
API:: https://www.capbench.com/api/public/lenders?franchise=subway
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.