PRIMOHOAGIES: how its 64 SBA loans actually performed
Limited-Service Restaurants · 64 units financed with SBA 7(a) loans since 2010 · 35 lenders have funded this brand.
3 of 26 owners defaulted on their SBA loan
That is 11.5% — roughly 2 times the 5.7% average across all SBA 7(a) loans. It does not make this a bad business. It makes it an expensive one to finance.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| TD Bank, National Association | 7 |
| Wilmington Savings Fund Society FSB | 5 |
| Hancock Whitney Bank | 5 |
| Truist Bank | 4 |
| The Huntington National Bank | 4 |
| KeyBank National Association | 3 |
35 lenders have funded PRIMOHOAGIES since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
PRIMOHOAGIES is a smaller-sample brand: 26 of its SBA loans are old enough to judge (our flagship brands have 60+). The default rate above is a real count, but read it as a signal rather than a verdict — with 26 loans, a handful of outcomes moves the number. We omit the year-by-year breakdowns shown on larger brands, which would be noisy at this size.
Common questions
How many PRIMOHOAGIES SBA loans have defaulted?
3 of 26 seasoned PRIMOHOAGIES SBA 7(a) loans charged off within seven years — a 11.5% default rate, against 5.7% across all SBA 7(a) loans.
Is a PRIMOHOAGIES franchise a safe SBA loan bet?
By the numbers its default rate is above the SBA-wide 5.7% average. That is a financing signal, not a verdict on the business — and with 26 loans it is a smaller sample than our flagship brands.
Which lenders fund PRIMOHOAGIES franchises?
35 lenders have made SBA loans to PRIMOHOAGIES since 2010, led by TD Bank, National Association.