LENNY'S SUB SHOPS: how its 25 SBA loans actually performed
Limited-Service Restaurants · 25 units financed with SBA 7(a) loans since 2010 · 22 lenders have funded this brand.
8 of 23 owners defaulted on their SBA loan
That is 34.8% — roughly 6 times the 5.7% average across all SBA 7(a) loans. It does not make this a bad business. It makes it an expensive one to finance.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| Sage Capital Bank | 3 |
| Stearns Bank National Association | 2 |
| SouthState Bank, National Association | 1 |
| Hancock Whitney Bank | 1 |
| Arvest Bank | 1 |
| VelocitySBA, LLC | 1 |
22 lenders have funded LENNY'S SUB SHOPS since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
LENNY'S SUB SHOPS is a smaller-sample brand: 23 of its SBA loans are old enough to judge (our flagship brands have 60+). The default rate above is a real count, but read it as a signal rather than a verdict — with 23 loans, a handful of outcomes moves the number. We omit the year-by-year breakdowns shown on larger brands, which would be noisy at this size.
Common questions
How many LENNY'S SUB SHOPS SBA loans have defaulted?
8 of 23 seasoned LENNY'S SUB SHOPS SBA 7(a) loans charged off within seven years — a 34.8% default rate, against 5.7% across all SBA 7(a) loans.
Is a LENNY'S SUB SHOPS franchise a safe SBA loan bet?
By the numbers its default rate is above the SBA-wide 5.7% average. That is a financing signal, not a verdict on the business — and with 23 loans it is a smaller sample than our flagship brands.
Which lenders fund LENNY'S SUB SHOPS franchises?
22 lenders have made SBA loans to LENNY'S SUB SHOPS since 2010, led by Sage Capital Bank.