Franchise brands › Jimmy John's
Franchise brand884 approvals since FY2010
SBA loans to Jimmy John's franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2010, 884 SBA loan approvals worth $421M carry the Jimmy John's franchise code, 128 of them in FY2021 to FY2025.
In FY2025 there were 22, about level with FY2024. The average approval in the five-year window was $798K, and 9 of the approvals were 504 loans.
33 lenders made the FY2021 to FY2025 loans across 32 states; the most active were The Huntington National Bank (10), Live Oak Banking Company (6) and Old National Bank (6).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 5.5% as charged off, close to the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 13 | $9.0M | $694K | 1 | 193 |
| FY2025 | 22 | $18.9M | $858K | 1 | 667 |
| FY2024 | 22 | $16.3M | $739K | 1 | 644 |
| FY2023 | 18 | $8.3M | $464K | 1 | 477 |
| FY2022 | 20 | $17.3M | $867K | 3 | 873 |
| FY2021 | 46 | $41.3M | $898K | 3 | 2,057 |
| FY2020 | 32 | $22.6M | $706K | 0 | 1,204 |
| FY2019 | 30 | $15.3M | $510K | 1 | 944 |
| FY2018 | 49 | $21.1M | $430K | 2 | 1,459 |
| FY2017 | 62 | $32.3M | $521K | 1 | 1,751 |
| FY2016 | 98 | $44.1M | $450K | 6 | 2,571 |
SBA's franchise field lists the brand as "JIMMY JOHN'S"; "Jimmy John's". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Jimmy John's | All SBA loans |
|---|---|---|
| Approvals in these years | 789 | 725,496 |
| Cancelled or never disbursed | 65 | 91,827 |
| Disbursed loans | 724 | 633,669 |
| Paid in full | 589 | 471,304 |
| Charged off | 40 | 37,796 |
| Still outstanding (status exempt from disclosure) | 95 | 124,569 |
| Charged off, share of disbursed loans | 5.5% | 6.0% |
| Dollars charged off, share of disbursed dollars | 3.5% | 2.2% |
| Dollars charged off | $11.4M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 10 | $3.2M | 7.8% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 6 | $8.8M | 4.7% | |
| 3 | Old National BankEvansville, IN | 6 | $5.8M | 4.7% | |
| 4 | Granite BankCold Spring, MN | 6 | $4.9M | 4.7% | |
| 5 | Happen BankLehi, UT | 5 | $2.0M | 3.9% | |
| 6 | The Park National BankNewark, OH | 4 | $2.9M | 3.1% | |
| 7 | Forcht Bank, National AssociationLexington, KY | 4 | $992K | 3.1% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $7.9M | 2.3% | |
| 9 | Union Bank and Trust CompanyLincoln, NE | 3 | $4.7M | 2.3% | |
| 10 | Choice Financial GroupFargo, ND | 3 | $4.6M | 2.3% | |
| 11 | First Commonwealth BankIndiana, PA | 3 | $2.1M | 2.3% | |
| 12 | BankVistaSartell, MN | 3 | $2.0M | 2.3% | |
| 13 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 3 | $1.4M | 2.3% | |
| 14 | Flagstar Bank National AssociationHicksville, NY | 3 | $1.2M | 2.3% | |
| 15 | Citizens BankElizabethton, TN | 3 | $938K | 2.3% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Minnesota | 14 | 10.9% | |
| 2 | North Carolina | 9 | 7.0% | |
| 3 | Michigan | 9 | 7.0% | |
| 4 | Indiana | 8 | 6.3% | |
| 5 | Ohio | 8 | 6.3% | |
| 6 | Georgia | 7 | 5.5% | |
| 7 | Colorado | 6 | 4.7% | |
| 8 | California | 6 | 4.7% | |
| 9 | Washington | 6 | 4.7% | |
| 10 | Texas | 5 | 3.9% | |
| 11 | Kentucky | 5 | 3.9% | |
| 12 | Florida | 5 | 3.9% | |
| 13 | Illinois | 4 | 3.1% | |
| 14 | Missouri | 4 | 3.1% | |
| 15 | Arizona | 3 | 2.3% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 125 | 97.7% | |
| 2 | Specialty Food StoresNAICS 4452 | 1 | 0.8% | |
| 3 | Lessors of Real EstateNAICS 5311 | 1 | 0.8% | |
| 4 | Limited-Service Eating PlacesNAICS 7222 | 1 | 0.8% |
Approval sizes
- $50,000 or less3.9%5
- $50,001 to $150,0009.4%12
- $150,001 to $350,00018.0%23
- $350,001 to $1 million49.2%63
- $1 million to $2 million10.9%14
- Over $2 million8.6%11
Age of the businesses
- Existing, more than 2 years old41.4%53
- New business, 2 years or less9.4%12
- Startup, loan funds will open the business30.5%39
- Change of ownership18.8%24
Questions and answers
How many SBA loans go to Jimmy John's franchises?
884 approvals since FY2010, worth $421M; 128 in FY2021 to FY2025.
Which lenders make SBA loans for Jimmy John's franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (10), Live Oak Banking Company (6), Old National Bank (6), Granite Bank (6), Happen Bank (5).
How large is a typical SBA loan for a Jimmy John's franchise?
The average approval in FY2021 to FY2025 was $798K.
What share of Jimmy John's SBA loans are charged off?
Of 724 disbursed loans approved in FY2010 to FY2021, 40 (5.5%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Jimmy John's franchises rising?
Approvals in the three latest complete fiscal years total 62, against 98 in the three before: falling (-37%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error