Franchise lender history
Lenders that funded Subway franchisees.
Loan-level SBA 7(a) FOIA data can show which lenders have actually funded a franchise system. Use this as a lender-research starting point, not an approval prediction.
367
SBA 7(a) loans in FOIA set
$123M
Gross approved dollars
1.63%
Naive charge-off incidence
Not cohort-seasoned. See methodology.
Top lenders for Subway
| Lender | Loans | Gross approved |
|---|---|---|
| The Huntington National Bank | 67 | $10M |
| Manufacturers and Traders Trust Company | 18 | $2M |
| Merchants Bank of Indiana | 10 | $6M |
| Stearns Bank National Association | 10 | $2M |
| Peoples Bank | 8 | $6M |
| Northwest Bank | 7 | $2M |
| Readycap Lending, LLC | 7 | $3M |
| U.S. Bank, N.A. | 7 | $1M |
| Celtic Bank Corporation | 6 | $3M |
| Newtek Bank, N.A. | 6 | $2M |
| Newtek Small Business Finance, Inc. | 5 | $2M |
| Horizon Bank | 5 | $3M |
States appearing in the brand history
- Ohio: 53 loans
- Indiana: 33 loans
- New York: 22 loans
- Illinois: 21 loans
- Michigan: 20 loans
- Pennsylvania: 19 loans
- California: 17 loans
- Minnesota: 15 loans
Data caveat
Recent loans have not seasoned long enough to compare default performance to older vintages. SourceFunding separates current lender activity from historical outcomes and avoids using recent cohorts as a definitive default-rate claim.