Food & Restaurants · lender intelligence
How to finance a Subway in Minnesota
The SBA 7(a) lenders funding the most Subway deals in Minnesota, from public loan records — typical Subway loan about $210K. A bank already funding the brand in your state knows it twice over.
Most active with Subway in Minnesota
Ranked by funded Subway loans in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.46 loans · $27M · Sartell, MNFull record →
- 2.116 loans · $120M · Evansville, INFull record →
- 3.2 loans · $0M · Hutchinson, MNFull record →
- 4.1 loans · $0M · Bloomington, MNFull record →
- 5.1,025 loans · $292M · Berkeley Heights, NJFull record →
- 6.318 loans · $229M · Osage Beach, MOFull record →
- 7.4 loans · $3M · Saint Paul, MNFull record →
15+ funded Subway 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.
- Subway in Minneapolis, MN — $912K (2025) · First Bank of the Lake
- Program
- Preferred Lenders Program
- Rate at approval
- 9.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $684K (75%)
- Approval → funding
- 52 days
- Approved
- 2/2/2025
- First disbursed
- 3/26/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
Funded by First Bank of the Lake · Lender record →
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- UPNORTH EATS, INC. in Oak Park Heights, MN — $925K (2024) · U.S. Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $694K (75%)
- Approval → funding
- 15 days
- Approved
- 3/7/2024
- First disbursed
- 3/22/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 125
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by U.S. Bank, National Association · Lender record →
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- Subway in Ely, MN — $746K (2024) · Readycap Lending, LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $560K (75%)
- Approval → funding
- 71 days
- Approved
- 8/27/2024
- First disbursed
- 11/6/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 5
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
Funded by Readycap Lending, LLC · Lender record →
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- ARMSTRONG & SONS LLC in Mound, MN — $454K (2023) · purchase · BankVista
- Program
- Preferred Lenders Program
- Rate at approval
- 7.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $340K (75%)
- Approval → funding
- 2 days
- Approved
- 10/17/2022
- First disbursed
- 10/19/2022
- Loan status
- Paid in full (3/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 22
- Business age
- Change of Ownership
- Industry
- Limited-Service Restaurants
If you were the buyer here
- Est. deal size
- $504K
- Est. down payment (10%)
- $50K
- Est. cash at closing
- $67K
- Monthly payment
- $5,325
- Annual debt service
- $64K
- Cash flow needed (1.25×)
- $80K
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 BankVista · Lender record →
Your business? Claim this record · Request removal
- ADL Enterprises LLC in Chanhassen, MN — $375K (2023) · Minnesota Lakes Bank
- Program
- 7a General
- Rate at approval
- 7.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $281K (75%)
- Approval → funding
- 16 days
- Approved
- 6/14/2023
- First disbursed
- 6/30/2023
- Loan status
- Delinquent
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by Minnesota Lakes Bank
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- Happy Sandwich LLC in Saint Paul, MN — $195K (2023) · BankVista
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $146K (75%)
- Approval → funding
- 57 days
- Approved
- 8/10/2023
- First disbursed
- 10/6/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 40
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by BankVista · Lender record →
Your business? Claim this record · Request removal
- Cambridge Baugus Corporation in Cambridge, MN — $3.8M (2022) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.8M (75%)
- Approval → funding
- 16 days
- Approved
- 12/13/2021
- First disbursed
- 12/29/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 137
- Business age
- Change of Ownership
- Industry
- Limited-Service Restaurants
If you were the buyer here
- Est. deal size
- $4.2M
- Est. down payment (10%)
- $422K
- Est. cash at closing
- $583K
- Monthly payment
- $39,781
- Annual debt service
- $477K
- Cash flow needed (1.25×)
- $597K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
- Rhodes Food LLC in Saint Paul, MN — $80K (2022) · purchase · BankCherokee
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $40K (50%)
- Approval → funding
- 1 days
- Approved
- 1/25/2022
- First disbursed
- 1/26/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Change of Ownership
- Industry
- Limited-Service Restaurants
If you were the buyer here
- Est. deal size
- $89K
- Est. down payment (10%)
- $9K
- Est. cash at closing
- $11K
- Monthly payment
- $878
- Annual debt service
- $11K
- Cash flow needed (1.25×)
- $13K
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 BankCherokee · Lender record →
Your business? Claim this record · Request removal
- Minea Entreprises INC in Minneapolis, MN — $30K (2022) · MY CU
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $15K (50%)
- Approval → funding
- 2 days
- Approved
- 9/29/2022
- First disbursed
- 10/1/2022
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by MY CU · Lender record →
Your business? Claim this record · Request removal
- ARMSTRONG & SONS LLC in Bloomington, MN — $1.7M (2021) · purchase · BankVista
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.5M (90%)
- Approval → funding
- 1 days
- Approved
- 4/20/2021
- First disbursed
- 4/21/2021
- Loan status
- Paid in full (7/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 85
- Business age
- Change of Ownership
- Industry
- Limited-Service Restaurants
If you were the buyer here
- Est. deal size
- $1.8M
- Est. down payment (10%)
- $184K
- Est. cash at closing
- $253K
- Monthly payment
- $17,973
- Annual debt service
- $216K
- Cash flow needed (1.25×)
- $270K
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 BankVista · Lender record →
Your business? Claim this record · Request removal
- ADL Enterprises LLC in Excelsior, MN — $233K (2021) · Minnesota Lakes Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.1% fixed
- Term
- 90 months
- SBA guaranteed
- $116K (50%)
- Approval → funding
- 15 days
- Approved
- 7/22/2021
- First disbursed
- 8/6/2021
- Loan status
- Delinquent
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- New Business or 2 years or less
- Industry
- Limited-Service Restaurants
Funded by Minnesota Lakes Bank
Your business? Claim this record · Request removal
- Subway in Glencoe, MN — $125K (2021) · Citizens Bank & Trust Co
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.25% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $63K (50%)
- Approval → funding
- 0 days
- Approved
- 12/18/2020
- First disbursed
- 12/18/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 100
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by Citizens Bank & Trust Co · Lender record →
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- Fresh Deli LLC in Burnsville, MN — $93K (2021) · U.S. Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.69% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $83K (90%)
- Approved
- 9/27/2021
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 11
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by U.S. Bank, National Association · Lender record →
Your business? Claim this record · Request removal
- PP Buds, Inc. in Saint Paul, MN — $148K (2020) · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $126K (85%)
- Approved
- 3/6/2020
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 17
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by Old National Bank · Lender record →
Your business? Claim this record · Request removal
- Subline Corporation in Mankato, MN — $60K (2020) · Minnstar Bank National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 4% fixed
- Term
- 60 mo (5 yrs)
- SBA guaranteed
- $30K (50%)
- Approval → funding
- 7 days
- Approved
- 9/23/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (1/31/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 76
- Business age
- Existing or more than 2 years old
- Industry
- Limited-Service Restaurants
Funded by Minnstar Bank National Association
Your business? Claim this record · Request removal
Buying a Subway 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 Subway loans with a Minnesota project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Subway 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. BankVista funds the most here. DealRoom is not a lender.
- $210K typical Subway loan
- 10 lenders active in Minnesota
- 15+ funded Minnesota deals
- 15 days typical to fund
Buyers buying a Subway 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:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.