7 SBA loans have financed New York Subs locations since 2003, written by 6 different lenders across 5 states. Half were approved for $103K or less, the mix is almost entirely 7(a), and 100% went to owners whose business was under two years old.
A lender that has already underwritten this brand knows the unit economics, the build-out costs, and the franchisor. That is worth more to you than a bigger bank starting from scratch.