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

How have SBA loans to Subway Sandwich Shop franchisees turned out?

Of 3,002 loans approved in fiscal 2000 to 2013 (at least five years old), 185 (6.2%) were charged off by the lender, against 20.2% across all 7(a) loans approved in those same years. Subway Sandwich Shop appears on 3,002 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2013, $538.3 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.
Subway Sandwich ShopFranchise brand · 3,002 loans
6%of seasoned loans charged off
  1. Subway Sandwich Shop appears on 3,002 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2013, $538.3 million in gross approvals.
  2. Of 3,002 loans approved in fiscal 2000 to 2013 (at least five years old), 185 (6.2%) were charged off by the lender, against 20.2% 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 2000: 1 of 161 loans charged off (0.6%)Fiscal 2001: 8 of 160 loans charged off (5.0%)Fiscal 2002: 9 of 292 loans charged off (3.1%)Fiscal 2003: 34 of 433 loans charged off (7.9%)Fiscal 2004: 24 of 361 loans charged off (6.6%)Fiscal 2005: 27 of 351 loans charged off (7.7%)Fiscal 2006: 21 of 224 loans charged off (9.4%)Fiscal 2007: 19 of 183 loans charged off (10.4%)Fiscal 2008: 11 of 153 loans charged off (7.2%)Fiscal 2009: 8 of 127 loans charged off (6.3%)Fiscal 2010: 5 of 148 loans charged off (3.4%)Fiscal 2011: 7 of 150 loans charged off (4.7%)Fiscal 2012: 7 of 149 loans charged off (4.7%)Fiscal 2013: 4 of 110 loans charged off (3.6%)2000200220042006200820102012
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
FY2000161$24.6 million160100.6%
FY2001160$24.8 million152805.0%
FY2002292$40.0 million283903.1%
FY2003433$66.9 million3993407.9%
FY2004361$54.3 million3372406.6%
FY2005351$57.1 million3242707.7%
FY2006224$45.1 million2022119.4%
FY2007183$33.8 million16419010.4%
FY2008153$30.1 million1421107.2%
FY2009127$29.8 million118816.3%
FY2010148$35.2 million142513.4%
FY2011150$34.3 million140734.7%
FY2012149$34.4 million140724.7%
FY2013110$27.6 million104423.6%

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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