FranchiseRanked

Subway

Restaurants & FoodSBA loans FY2020–FY2026

376

SBA Loans

$128.1M

Total Financed

$341K

Avg Loan Size

-6%

YoY Loan Growth

How Subway Compares

  • Ranks #1 of 1,075 Restaurants & Food brands by SBA loan count (#3 of 3,543 overall).
  • Its average loan of $341K is 19% below the Restaurants & Food median of $419K.
  • Its 1.9% charge-off rate compares to a 1.3% average across all Restaurants & Food brands.

SBA Loan Activity by Fiscal Year

Fiscal YearLoansTotal Financed
FY202077$14.3M
FY202164$25.8M
FY202254$22.6M
FY202349$18.9M
FY202448$13.4M
FY202545$16.0M
FY202639$17.1M

FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.

Where Subway Is Getting SBA-Financed

Ohio53 loans · $14.8MIndiana33 loans · $10.3MNew York22 loans · $2.7MIllinois21 loans · $6.3MMichigan20 loans · $5.0MPennsylvania20 loans · $4.0MCalifornia17 loans · $7.1MMinnesota15 loans · $9.8MWashington14 loans · $4.4MKentucky12 loans · $7.9MMaryland11 loans · $1.2MSouth Carolina9 loans · $5.5MGeorgia9 loans · $3.7MTexas8 loans · $8.4MMississippi7 loans · $2.4M

Recent SBA-Financed Subway Locations

Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.

MONROE SUB LLCELMA, WA
$178,0002026-06-17
MONROE SUB LLCELMA, WA
$178,0002026-06-16
SubwayEclectic, AL
$180,0002026-06-11
MK Subs Enterprise LLCWARMINSTER, PA
$50,0002026-06-11
Miracle Petroleum LLCHUGHES SPRINGS, TX
$1,805,0002026-05-22
WISEPACE PROPERTIES LLCSIOUX CITY, IA
$1,773,7002026-05-11
Bholu IncELDERSBURG, MD
$45,0002026-05-05
Jones Creek Sub LLCBaton Rouge, LA
$261,0002026-04-14
SubwayMONROE, NC
$593,1002026-04-08
LB Subs AZ Management LLCTucson, AZ
$844,6002026-03-27
Excellence Eating Experience Corp.CAYEY, PR
$394,0002026-03-16
Wyatt Subway LlcCLARKSTON, MI
$10,0002026-03-12
JT WAY LLCBEAVER FALLS, PA
$50,0002026-03-02
SubwayFRANKLIN SQUARE, NY
$53,0002026-02-26
PANNU ENTERPRISES ONE, LLC SUBWAY 16755LA PLACE, LA
$150,0002026-02-26
JAI GANESH2334 LLCROCHESTER, NY
$40,0002026-02-24
JAI GANESH2334 LLCROCHESTER, NY
$325,0002026-02-24
HARI 43339 SUB LLCCOVINGTON, LA
$240,0002026-02-24
LA ENTERPRISE INCVOLGA, SD
$1,822,5002026-01-29
LA ENTERPRISE INCVERMILLION, SD
$307,6002026-01-29
3Q Ono Inc.HONOLULU, HI
$250,0002026-01-26
SUBWAYUNION CITY, NJ
$512,0002026-01-22
Jay Narayan LLCSaint Louis, MO
$225,0002026-01-21
MAAP L.L.C.BELLEVUE, WA
$50,0002026-01-14
Aaricia Global Traders LLCCOLUMBUS, OH
$430,0002026-01-14

Frequently Asked Questions

Is Subway growing or shrinking?

Subway's SBA loan count fell 6% year-over-year. A decline in SBA financing doesn't necessarily mean the brand is shrinking -- franchisees may be using other financing, or SBA lending patterns may have shifted broadly.

How much does it cost to open a Subway franchise?

We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $341K (19% below the typical Restaurants & Food brand's $419K) is a rough proxy, but SBA loans often cover only part of total investment.

What's the SBA loan default rate for Subway?

7 of 376 SBA loans to Subway franchisees (1.9%) have been charged off since FY2020, compared to 1.3% across all Restaurants & Food brands.

Explore More

More Restaurants & Food brands Most financed franchises

Top SBA Lenders

  • The Huntington National Bank67
  • Manufacturers and Traders Trust Company19
  • Stearns Bank National Association10
  • Merchants Bank of Indiana10
  • Celtic Bank Corporation8
Planning to finance a restaurants & food purchase?

Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.

Source: SBA 7(a) FOIA loan dataset. View dataset