SBA loan outcome check · franchise brand · SBA data as of 30 September 2026

How have SBA loans to Firehouse Subs franchisees turned out?

Of 186 loans approved in fiscal 2002 to 2013 (at least five years old), 27 (14.5%) were charged off by the lender, against 20.8% across all 7(a) loans approved in those same years. Firehouse Subs appears on 186 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2013, $41.2 million in gross approvals. These are loans, not a rating.
Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.
Firehouse SubsFranchise brand · 186 loans
15%of seasoned loans charged off
  1. Firehouse Subs appears on 186 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2013, $41.2 million in gross approvals.
  2. Of 186 loans approved in fiscal 2002 to 2013 (at least five years old), 27 (14.5%) were charged off by the lender, against 20.8% across all 7(a) loans approved in those same years.
  3. A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.
0%73%Fiscal 2003: 1 of 11 loans charged off (9.1%)Fiscal 2005: 2 of 13 loans charged off (15.4%)Fiscal 2006: 8 of 11 loans charged off (72.7%)Fiscal 2008: 7 of 13 loans charged off (53.8%)Fiscal 2010: 0 of 16 loans charged off (0.0%)Fiscal 2011: 1 of 24 loans charged off (4.2%)Fiscal 2012: 2 of 32 loans charged off (6.3%)Fiscal 2013: 5 of 38 loans charged off (13.2%)20032005200620082010201120122013
share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year

Every approval year

Approval yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY20025$679,000500few loans
FY200311$1.5 million10109.1%
FY20049$1.4 million900few loans
FY200513$2.2 million112015.4%
FY200611$2.5 million38072.7%
FY20077$1.7 million700few loans
FY200813$3.0 million67053.8%
FY20097$2.7 million610few loans
FY201016$3.0 million16000.0%
FY201124$5.7 million22114.2%
FY201232$7.9 million30206.3%
FY201338$9.1 million335013.2%

US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a franchise, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.

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