Jon Smith Subs
The total investment to open a Jon Smith Subs franchise ranges from $219,950 to $520,950.
What is the Jon Smith Subs franchise?
Jon Smith Subs is a restaurant that sells submarine sandwiches to customers looking for a quick meal. The estimated total initial investment to open a Jon Smith Subs restaurant is $219,950 to $520,950, according to the brand’s 2022 Franchise Disclosure Document.
Its headquarters are in Fort Worth, Texas.
Loan Activity Score
34/100
SBA Default Rate
12.5%
Active Lenders
8
According to its Franchise Disclosure Document or public business records, Jon Smith Subs has 18 locations, all owned by franchisees. Public SBA loan records show 8 lenders made 24 loans to franchisees of Jon Smith Subs. PeerSense calculates Jon Smith Subs's score as 34 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2022 Franchise Disclosure Document.
18 locations
$219,950 to $520,950
18
18 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Jon Smith Subs
24
Total SBA loans
$526K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Jon Smith Subs
Loan Activity Score Breakdown
Growing (10 to 24 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
12.5%
vs 10.8% peer avg
SBA Loans
24
Total Volume
$12.6M
Active Lenders
8
1 selective
States
14
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Jon Smith Subs based on SBA lending data
SBA Default Rate
12.5%
1.7% above peer avg
SBA Loan Volume
24 loans
Across 8 lenders
Lender Diversity
8 lenders
Avg 3.0 loans per lender
Investment Tier
Significant investment
$219,950 to $520,950 total
Jon Smith Subs: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2019
8 approvals. The best year on record for Jon Smith Subs.
Top SBA State
Texas
6 SBA financed Jon Smith Subs locations, the densest operator footprint.
Average Loan Size
$503K
Median $374K. Use as a sizing anchor when modeling your own Jon Smith Subs unit.
Lender Concentration
76.9%
Concentrated
Share of Jon Smith Subs approvals captured by the top 3 SBA lenders.
Jon Smith Subs's SBA lending pipeline peaked in 2019 (8 approvals). The last five fiscal years account for 33% of cumulative volume ($6.8M approved). Operator density is highest in Texas with 6 SBA financed locations. Average funded ticket sits at $503K, with the median at $374K. Lender mix is concentrated: the top three SBA lenders account for 76.9% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$2,277
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Jon Smith Subs, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman