Food & Restaurants · lender intelligence
How to finance a Jersey Mike's in Minnesota
The SBA 7(a) lenders funding the most Jersey Mike's deals in Minnesota, 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 Minnesota
Ranked by funded Jersey Mike's loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.34 loans · $19M · Arden Hills, MNFull record →
- 2.1,296 loans · $1.4B · Wilmington, NCFull record →
- 3.31 loans · $24M · Malvern, PAFull record →
- 4.28 loans · $42M · Lehi, UTFull record →
- 5.5 loans · $1M · Winona, MNFull record →
9+ funded Jersey Mike's in Minnesota 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.
- PMG 56 LLC, Chan Series in Chanhassen, MN — $3.4M (2026) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 7.74% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.5M (75%)
- Approved
- 3/4/2026
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 38
- Business age
- Change of Ownership
- Industry
- Limited-Service Restaurants
If you were the buyer here
- Est. deal size
- $3.7M
- Est. down payment (10%)
- $372K
- Est. cash at closing
- $514K
- Monthly payment
- $40,186
- Annual debt service
- $482K
- Cash flow needed (1.25×)
- $603K
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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- Jersey Mike's Subs in Detroit Lakes, MN — $535K (2025) · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 123 months
- SBA guaranteed
- $401K (75%)
- Approval → funding
- 45 days
- Approved
- 3/25/2025
- First disbursed
- 5/9/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 21
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Frandsen Bank and Trust · Lender record →
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- 1303 West LLC in Duluth, MN — $810K (2023) · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 6.25% variable
- Term
- 252 mo (21 yrs)
- SBA guaranteed
- $608K (75%)
- Approval → funding
- 7 days
- Approved
- 10/14/2022
- First disbursed
- 10/21/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 23
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Frandsen Bank and Trust · Lender record →
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- Minnesota Sandwich Shops LLC in Duluth, MN — $460K (2023) · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 6.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $345K (75%)
- Approval → funding
- 5 days
- Approved
- 1/18/2023
- First disbursed
- 1/23/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 34
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- CRS Foods LLC in Baxter, MN — $353K (2023) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $265K (75%)
- Approval → funding
- 4 days
- Approved
- 7/24/2023
- First disbursed
- 7/28/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 14
- Business age
- Change of Ownership
- Industry
- Limited-Service Restaurants
If you were the buyer here
- Est. deal size
- $392K
- Est. down payment (10%)
- $39K
- Est. cash at closing
- $52K
- Monthly payment
- $4,860
- Annual debt service
- $58K
- Cash flow needed (1.25×)
- $73K
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 Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- AD Foods Inc in Shakopee, MN — $350K (2022) · Merchants Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $263K (75%)
- Approval → funding
- 64 days
- Approved
- 2/17/2022
- First disbursed
- 4/22/2022
- Loan status
- Current
- 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 Merchants Bank, National Association · Lender record →
Your business? Claim this record · Request removal
- Minnesota Sandwich Shops LLC in Baxter, MN — $368K (2021) · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $331K (90%)
- Approval → funding
- 2 days
- Approved
- 2/8/2021
- First disbursed
- 2/10/2021
- Loan status
- Paid in full (10/31/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 30
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- Stuffys Subs LLC in Savage, MN — $448K (2020) · Customers Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $336K (75%)
- Approval → funding
- 144 days
- Approved
- 2/7/2020
- First disbursed
- 6/30/2020
- Loan status
- Paid in full (9/30/2023)
- Loan type
- Term loan
- Collateral
- 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 Customers Bank · Lender record →
Your business? Claim this record · Request removal
- Forte Group Inc. in Lino Lakes, MN — $325K (2020) · LendingClub Bank, National Association
- Program
- 7a General
- Rate at approval
- 7.5% variable
- Term
- 130 months
- SBA guaranteed
- $244K (75%)
- Approval → funding
- 147 days
- Approved
- 3/6/2020
- First disbursed
- 7/31/2020
- Loan status
- Paid in full (9/30/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 18
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by LendingClub Bank, National Association · Lender record →
Your business? Claim this record · Request removal
Buying a Jersey Mike's in Minnesota? 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 Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Jersey Mike's purchase in Minnesota with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Minnesota deals. Frandsen Bank and Trust funds the most here. DealRoom is not a lender.
- $431K typical Jersey Mike's loan
- 5 lenders active in Minnesota
- 9+ funded Minnesota deals
- 45 days typical to fund
Buyers buying a Jersey Mike's in Minnesota 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: