Food & Restaurants · lender intelligence

How to finance a Subway in Michigan

State:

The SBA 7(a) lenders funding the most Subway deals in Michigan, 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 Michigan

$167K

Typical loan

range $50K–$266K

$186K

Est. purchase price

≈ loan ÷ 90%

$24,878

Cash to close

$18,600 down + fees

$2,450/mo

Typical payment

~12.5% · 10yr

$33,810/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

27 days

Typical time to fund

Lenders competing

more = leverage

7.62%

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 Michigan

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

1.2,539 loans · $965M · Columbus, OHFull record →
2.15 loans · $4M · Waverly, NEFull record →
3.9 loans · $8M · Chelsea, MIFull record →
4.42 loans · $48M · Los Angeles, CAFull record →
5.168 loans · $205M · Fishers, INFull record →
6.1 loans · $0M · Berrien Springs, MIFull record →
7.62 loans · $21M · Saint Cloud, MNFull record →
8.9 loans · $5M · Wausau, WIFull record →

20+ funded Subway in Michigan 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.

Wyatt Subway Llc in Clarkston, MI — $10K (2026) · JPMorgan Chase Bank, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
13.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$5K (50%)
Approved
3/12/2026
Loan status
Committed
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by JPMorgan Chase Bank, National Association · Lender record →
Your business? Claim this record · Request removal
Bosco Subs, L.L.C. in La Salle, MI — $1.3M (2025) · purchase · Horizon Bank
Program
Preferred Lenders Program
Rate at approval
8.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.0M (75%)
Approval → funding
17 days
Approved
6/9/2025
First disbursed
6/26/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
130
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$1.5M
Est. down payment (10%)
$149K
Est. cash at closing
$204K
Monthly payment
$16,438
Annual debt service
$197K
Cash flow needed (1.25×)
$247K
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
Famwich Enterprises LLC in La Salle, MI — $660K (2025) · Horizon Bank
Program
Preferred Lenders Program
Rate at approval
8.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$495K (75%)
Approval → funding
135 days
Approved
9/29/2025
First disbursed
2/11/2026
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
41
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by Horizon Bank · Lender record →
Your business? Claim this record · Request removal
SHREE SINDHVAI LLC # 2 in Fort Gratiot, MI — $266K (2025) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6.99% fixed
Term
300 mo (25 yrs)
SBA guaranteed
$199K (75%)
Approval → funding
26 days
Approved
7/30/2025
First disbursed
8/25/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Business age
Existing or more than 2 years old
Industry
Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Subway 1775 in Grand Rapids, MI — $215K (2025) · purchase · Centerstone SBA Lending, Inc.
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$161K (75%)
Approval → funding
68 days
Approved
5/30/2025
First disbursed
8/6/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
24
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$239K
Est. down payment (10%)
$24K
Est. cash at closing
$32K
Monthly payment
$2,782
Annual debt service
$33K
Cash flow needed (1.25×)
$42K
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
SUB 1107 LLC in Chelsea, MI — $78K (2025) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
84 mo (7 yrs)
SBA guaranteed
$59K (75%)
Approval → funding
27 days
Approved
3/19/2025
First disbursed
4/15/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
20
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
SUB 1107 LLC in Chelsea, MI — $50K (2025) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
27 days
Approved
3/19/2025
First disbursed
4/15/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
20
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
Shamoon Enterprises Inc. in Shelby Township, MI — $566K (2024) · First Internet Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$425K (75%)
Approved
3/13/2024
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by First Internet Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
T&C Lubelski, LLC in Edwardsburg, MI — $167K (2024) · purchase · Honor CU
Program
7a General
Rate at approval
9% variable
Term
120 mo (10 yrs)
SBA guaranteed
$126K (75%)
Approval → funding
3 days
Approved
9/10/2024
First disbursed
9/13/2024
Loan status
Current
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
$186K
Est. down payment (10%)
$19K
Est. cash at closing
$25K
Monthly payment
$2,121
Annual debt service
$25K
Cash flow needed (1.25×)
$32K
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 Honor CU · Lender record →
Your business? Claim this record · Request removal
Beck's, LLC in Jackson, MI — $137K (2023) · Chelsea State Bank
Program
7a General
Rate at approval
8.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$117K (85%)
Approved
1/23/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Chelsea State Bank · Lender record →
Your business? Claim this record · Request removal
Big Spoon LLC in Mount Morris, MI — $437K (2022) · Horizon Bank
Program
7a General
Rate at approval
4% variable
Term
243 months
SBA guaranteed
$327K (75%)
Approval → funding
32 days
Approved
12/19/2021
First disbursed
1/20/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
12
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by Horizon Bank · Lender record →
Your business? Claim this record · Request removal
BIG SPOON LLC in Grand Blanc, MI — $105K (2021) · Horizon Bank
Program
Preferred Lenders Program
Rate at approval
4.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$95K (90%)
Approval → funding
149 days
Approved
8/24/2021
First disbursed
1/20/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Existing or more than 2 years old
Industry
Limited-Service Restaurants
Funded by Horizon Bank · Lender record →
Your business? Claim this record · Request removal
DNA ENTERPRISES, INC. in Macomb, MI — $37K (2021) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$28K (75%)
Approval → funding
3 days
Approved
9/27/2021
First disbursed
9/30/2021
Loan status
Current
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
7
Business age
Existing or more than 2 years old
Industry
Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
RJS Enterprises, Inc. in Lansing, MI — $244K (2020) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$183K (75%)
Approval → funding
21 days
Approved
4/9/2020
First disbursed
4/30/2020
Loan status
Paid in full (12/31/2021)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
20
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
Three T LLC in Muskegon, MI — $228K (2020) · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
7.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$171K (75%)
Approval → funding
15 days
Approved
2/14/2020
First disbursed
2/29/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
14
Business age
Existing or more than 2 years old
Industry
Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
L and B Subs, Inc. in Crystal Falls, MI — $210K (2020) · purchase · IncredibleBank
Program
Preferred Lenders Program
Rate at approval
6.25% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$158K (75%)
Approval → funding
51 days
Approved
2/9/2020
First disbursed
3/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$233K
Est. down payment (10%)
$23K
Est. cash at closing
$31K
Monthly payment
$2,358
Annual debt service
$28K
Cash flow needed (1.25×)
$35K
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 IncredibleBank · Lender record →
Your business? Claim this record · Request removal
RLZJ LLC in Coloma, MI — $135K (2020) · purchase · Stearns Bank National Association
Program
Preferred Lenders Program
Rate at approval
7.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$115K (85%)
Approval → funding
29 days
Approved
10/2/2019
First disbursed
10/31/2019
Loan status
Paid in full (10/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
12
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$150K
Est. down payment (10%)
$15K
Est. cash at closing
$19K
Monthly payment
$1,620
Annual debt service
$19K
Cash flow needed (1.25×)
$24K
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 Stearns Bank National Association · Lender record →
Your business? Claim this record · Request removal
RLP SUBWAY INC in Tecumseh, MI — $50K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
18 days
Approved
6/12/2020
First disbursed
6/30/2020
Loan status
Paid in full (6/30/2025)
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Business age
Existing or more than 2 years old
Industry
Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
KGA GROUP, INC. in Okemos, MI — $50K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approved
4/20/2020
Loan status
Cancelled
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
50
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
Three T LLC in Muskegon, MI — $25K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
7.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$13K (50%)
Approval → funding
76 days
Approved
2/14/2020
First disbursed
4/30/2020
Loan status
Paid in full (3/31/2025)
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Jobs supported
14
Business age
Existing or more than 2 years old
Industry
Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Subway in Michigan? 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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By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

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

Agent summary

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

$210K typical Subway loan
9 lenders active in Michigan
20+ funded Michigan deals
27 days typical to fund

Buyers buying a Subway in Michigan 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/michigan
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.