Food & Restaurants · lender intelligence
How to finance a Jersey Mike's in Illinois
The SBA 7(a) lenders funding the most Jersey Mike's deals in Illinois, from public loan records — typical Jersey Mike's loan about $431K. A bank already funding the brand in your state knows it twice over.
Most active with Jersey Mike's in Illinois
Ranked by funded Jersey Mike's loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.62 loans · $34M · Winter Haven, FLFull record →
- 2.17 loans · $9M · Saint Charles, ILFull record →
- 3.1,296 loans · $1.4B · Wilmington, NCFull record →
- 4.2,539 loans · $965M · Columbus, OHFull record →
- 5.149 loans · $135M · Mukwonago, WIFull record →
- 6.16 loans · $9M · Effingham, ILFull record →
- 7.18 loans · $24M · Madison, WIFull record →
- 8.66 loans · $68M · Milford, IAFull record →
20+ funded Jersey Mike's in Illinois 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 Mikes 27120 in Downers Grove, IL — $730K (2026) · United Community Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.75% variable
- Term
- 126 months
- SBA guaranteed
- $548K (75%)
- Approved
- 1/27/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 17
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by United Community Bank · Lender record →
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- CL4 LLC in Bartlett, IL — $307K (2026) · St. Charles Bank & Trust Company, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $230K (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
- 8
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by St. Charles Bank & Trust Company, National Association · Lender record →
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- Jersey Mike's Subs North Riverside in Saint Charles, IL — $877K (2025) · SouthState Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 125 months
- SBA guaranteed
- $658K (75%)
- Approval → funding
- 20 days
- Approved
- 1/31/2025
- First disbursed
- 2/20/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by SouthState Bank, National Association · Lender record →
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- Jersey Mikes Subs River West in Chicago, IL — $972K (2024) · SouthState Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 11.25% variable
- Term
- 126 months
- SBA guaranteed
- $729K (75%)
- Approval → funding
- 18 days
- Approved
- 3/16/2024
- First disbursed
- 4/3/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by SouthState Bank, National Association · Lender record →
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- Bulldog Synergy LLC in Plainfield, IL — $500K (2024) · St. Charles Bank & Trust Company, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $375K (75%)
- Approval → funding
- 23 days
- Approved
- 2/24/2024
- First disbursed
- 3/18/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
Funded by St. Charles Bank & Trust Company, National Association · Lender record →
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- Bulldog Synergy LLC in Plainfield, IL — $50K (2024) · St. Charles Bank & Trust Company, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.5% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $25K (50%)
- Approval → funding
- 21 days
- Approved
- 2/27/2024
- First disbursed
- 3/19/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
Funded by St. Charles Bank & Trust Company, National Association · Lender record →
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- MP Squared Subs 5 LLC in Chicago, IL — $769K (2023) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 124 months
- SBA guaranteed
- $577K (75%)
- Approval → funding
- 76 days
- Approved
- 7/28/2023
- First disbursed
- 10/12/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 15
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Citizens Bank · Lender record →
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- MP SQUARED SUBS 4 LLC in Chicago, IL — $763K (2023) · First Business Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 124 months
- SBA guaranteed
- $572K (75%)
- Approval → funding
- 14 days
- Approved
- 12/15/2022
- First disbursed
- 12/29/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 22
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by First Business Bank · Lender record →
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- HJVB, LLC in Lakemoor, IL — $475K (2023) · The Harvard State Bank
- Program
- 7a General
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $356K (75%)
- Approval → funding
- 16 days
- Approved
- 12/20/2022
- First disbursed
- 1/5/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 83
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by The Harvard State Bank
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- SPARTAN SUBS LLC in Homer Glen, IL — $430K (2023) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $323K (75%)
- Approval → funding
- 4 days
- Approved
- 3/31/2023
- First disbursed
- 4/4/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 36
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
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- SPARTAN SUBS LLC in Homer Glen, IL — $30K (2023) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $15K (50%)
- Approval → funding
- 4 days
- Approved
- 3/31/2023
- First disbursed
- 4/4/2023
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 36
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Full-Service Restaurants
Funded by The Huntington National Bank · Lender record →
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- MP Squared Subs 3, LLC in Chicago, IL — $630K (2022) · SouthState Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 126 months
- SBA guaranteed
- $473K (75%)
- Approval → funding
- 14 days
- Approved
- 6/23/2022
- First disbursed
- 7/7/2022
- Loan status
- Paid in full (10/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 20
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by SouthState Bank, National Association · Lender record →
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- RTR UNITED, LLC in Mount Prospect, IL — $477K (2022) · St. Charles Bank & Trust Company, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5% fixed
- Term
- 96 mo (8 yrs)
- SBA guaranteed
- $239K (50%)
- Approval → funding
- 24 days
- Approved
- 6/24/2022
- First disbursed
- 7/18/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by St. Charles Bank & Trust Company, National Association · Lender record →
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- SHAFER FOODS LLC in Woodstock, IL — $375K (2022) · Midland States Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $281K (75%)
- Approved
- 2/28/2022
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Midland States Bank · Lender record →
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- SHAFER FOODS LLC in Woodstock, IL — $375K (2022) · Midland States Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $281K (75%)
- Approval → funding
- 6 days
- Approved
- 3/11/2022
- First disbursed
- 3/17/2022
- 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
- 16
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Midland States Bank · Lender record →
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- SamCo Management Inc. in Springfield, IL — $692K (2021) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.2% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $623K (90%)
- Approval → funding
- 7 days
- Approved
- 3/26/2021
- First disbursed
- 4/2/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 37
- Business age
- Change of Ownership
- Industry
- Limited-Service Restaurants
If you were the buyer here
- Est. deal size
- $769K
- Est. down payment (10%)
- $77K
- Est. cash at closing
- $103K
- Monthly payment
- $7,408
- Annual debt service
- $89K
- Cash flow needed (1.25×)
- $111K
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 Live Oak Banking Company · Lender record →
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- MP Squared Subs 2, LLC in Chicago, IL — $509K (2021) · SouthState Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 124 months
- SBA guaranteed
- $458K (90%)
- Approval → funding
- 0 days
- Approved
- 1/11/2021
- First disbursed
- 1/11/2021
- Loan status
- Paid in full (12/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 16
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by SouthState Bank, National Association · Lender record →
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- SamCo Subs Bloomington LLC in Bloomington, IL — $485K (2021) · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.2% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $437K (90%)
- Approval → funding
- 4 days
- Approved
- 6/21/2021
- First disbursed
- 6/25/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Partnership
- Jobs supported
- 37
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- HJVB LLC in Antioch, IL — $365K (2021) · The Harvard State Bank
- Program
- 7a General
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $329K (90%)
- Approval → funding
- 16 days
- Approved
- 6/14/2021
- 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
- 28
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by The Harvard State Bank
Your business? Claim this record · Request removal
- MP Squared Subs LLC in Chicago, IL — $431K (2020) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% variable
- Term
- 124 months
- SBA guaranteed
- $323K (75%)
- Approval → funding
- 24 days
- Approved
- 1/7/2020
- First disbursed
- 1/31/2020
- Loan status
- Paid in full (6/30/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 13
- 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
Buying a Jersey Mike's in Illinois? 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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DealRoom analysis of public SBA 7(a) lending records; ranked by funded Jersey Mike's loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Jersey Mike's purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. SouthState Bank, National Association funds the most here. DealRoom is not a lender.
- $431K typical Jersey Mike's loan
- 9 lenders active in Illinois
- 20+ funded Illinois deals
- 16 days typical to fund
Buyers buying a Jersey Mike's in Illinois typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources: