Main Street Registry

DGMG NYC III Corp.

Northport, NY · Limited-Service Restaurants · NAICS 722513

DGMG NYC III Corp. is a limited-service restaurant business in Northport, New York, operating as a Jersey Mike's Subs franchise. It was financed with an SBA 7(a) loan for a change of ownership of $2.33 million from The Huntington National Bank, approved on September 30, 2025.

SBA 7(a) loan, change of ownership, approved Sep 30, 2025

$2,330,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,330,000
SBA-guaranteed amount
$1,747,500 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, fixed
Term
10 years (120 months)
Estimated maturity
September 30, 2035 (estimated, approval date plus term)
Estimated monthly payment
$27,658 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
85
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Jersey Mike’s Subs; Jersey Mike’s
Project location
Suffolk County, NY
SBA district office
New York District Office
Congressional district
NY-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 88% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in New York: $1,771,512.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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