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

How have SBA loans to Firehouse Subs franchisees turned out?

Of 138 loans approved in fiscal 2011 to 2021 (at least five years old), 10 (7.2%) were charged off by the lender, against 6.5% across all 7(a) loans approved in those same years. Firehouse Subs appears on 235 SBA-guaranteed 7(a) loans approved from fiscal 2011 to 2026, $95.6 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 · 235 loans
7%of seasoned loans charged off
  1. Firehouse Subs appears on 235 SBA-guaranteed 7(a) loans approved from fiscal 2011 to 2026, $95.6 million in gross approvals.
  2. Of 138 loans approved in fiscal 2011 to 2021 (at least five years old), 10 (7.2%) were charged off by the lender, against 6.5% 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%15%Fiscal 2018: 2 of 28 loans charged off (7.1%)Fiscal 2019: 3 of 33 loans charged off (9.1%)Fiscal 2020: 3 of 27 loans charged off (11.1%)Fiscal 2021: 1 of 43 loans charged off (2.3%)2018201920202021
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
FY20111$150,000100few loans
FY20121$294,000010few loans
FY20131$195,000100few loans
FY20152$499,000200few loans
FY20172$525,000200few loans
FY201828$8.2 million21257.1%
FY201933$10.3 million183129.1%
FY202027$11.0 million1131311.1%
FY202143$16.4 million151272.3%
FY202229$13.1 million6221too recent for a share
FY202320$8.7 million4016too recent for a share
FY202415$7.6 million1014too recent for a share
FY202516$10.0 million1015too recent for a share
FY202617$8.6 million0017too recent for a share

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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