Franchise · SBA lending record
SUBWAY SANDWICH SHOP: how its 1210 SBA loans actually performed
Limited-Service Restaurants · 1612 units financed with SBA 7(a) loans since 2010 · 372 lenders have funded this brand.
Defaults run at or below the SBA-wide average
61 of 1210 seasoned SBA loans charged off — 5.0%, against 5.7% across all SBA 7(a) loans.
See the 61 charged-off loans behind this number — every one, straight from the federal recordShow list ↓Hide list ↑
| Business | Location | Charged off | SBA loss |
|---|---|---|---|
| Dayn Durga Park Springs, LLC | Arlington, TX | 2021 | $648,987 |
| Triple Crown Enterprises, Inc. | Carroll, IA | 2023 | $571,477 |
| Management 37663 INC | Deltona, FL | 2020 | $519,472 |
| KanchanJunga, LLC | Cushing, OK | 2020 | $423,819 |
| LALJI, Inc. | Indianapolis, IN | 2018 | $395,913 |
| Peach Brands Inc | Indianapolis, IN | 2021 | $347,480 |
| Stefko Paradise LLC | Coopersburg, PA | 2020 | $321,113 |
| CB & KB Enterprises Inc. | Beardstown, IL | 2018 | $263,263 |
| Wheeler Subway Investments 1 LLC | Broken Arrow, OK | 2020 | $261,097 |
| Harshil Enterprises, Inc. | Bartlett, IL | 2015 | $245,250 |
| Woodbine Holdings, LLC | Tacoma, WA | 2018 | $220,651 |
| Matthew Wilson | Indianapolis, IN | 2019 | $194,150 |
| DAS Concepts, LLC | Lancaster, PA | 2019 | $180,783 |
| Amandeep, Inc. | Palm Beach Gardens, FL | 2019 | $180,346 |
| Alphonsamma, LLC | Mesquite, TX | 2018 | $179,762 |
| Subway Enterprises Inc.& Azhar Pirzada | Chicago, IL | 2021 | $178,603 |
| Triple Crown Enterprises, Inc. | Sioux City, IA | 2022 | $174,305 |
| Triple Crown Enterprises, Inc. | Sioux City, IA | 2022 | $170,164 |
| DCG SUBS, LLC | Dallas, TX | 2017 | $168,876 |
| Grand Sub Spot Inc. | Carrollton, TX | 2014 | $158,563 |
| Prestige PDS Corporation | Tacoma, WA | 2018 | $157,221 |
| Hinabimal Corp | Old Bridge, NJ | 2017 | $153,391 |
| Four Brothers Enterprises Inc. | Linthicum Heights, MD | 2017 | $143,853 |
| HOUSE OF SUB CORP | Old Bridge, NJ | 2017 | $143,333 |
| Sandhu Fort Washington, Inc. | Fresno, CA | 2018 | $143,070 |
| Alden Enterprises LLC | Pittsfield, MA | 2022 | $141,838 |
| RMK Group dba Subway #18529 | Dublin, CA | 2019 | $137,827 |
| Donald Gregory LLC dba Subway | Englewood, NJ | 2016 | $133,738 |
| Vikam Corp. | Murrieta, CA | 2018 | $131,272 |
| T and R Dotson Enterprises LLC | Fort Worth, TX | 2015 | $128,933 |
| Hanzel LLC | Irving, TX | 2020 | $127,899 |
| Cody & Dustin Investments Corp. | Albany, MO | 2022 | $123,799 |
| Triple Crown Enterprises, Inc. | Sioux City, IA | 2022 | $121,686 |
| Nurturing Achievements, LLC | Sacramento, CA | 2017 | $116,863 |
| Princess Enterprises, Inc. | Pawtucket, RI | 2018 | $115,805 |
| GLENRIDGE SUBS, LLC | Atlanta, GA | 2022 | $112,920 |
| AFC Subs VI, LLC | Mesquite, TX | 2018 | $111,095 |
| Gurjas Enterprises, Inc | Tacoma, WA | 2018 | $110,468 |
| ROUSE ENTERPRISES INC. | Chino, CA | 2019 | $108,282 |
| ArchAngel Ventures, LLC. | West Haven, CT | 2017 | $97,760 |
| HDW, LLC | Maylene, AL | 2017 | $97,531 |
| RB Subway LLC | Broken Arrow, OK | 2019 | $85,313 |
| Three C's LLC | Chicago, IL | 2015 | $80,670 |
| AFC Subs V, LLC | Mesquite, TX | 2018 | $76,347 |
| RMK Group Inc. | Pinole, CA | 2019 | $74,257 |
| Zamzam LLC | Ellicott City, MD | 2022 | $67,857 |
| King Franchise Group, LLC | Brooklyn, NY | 2015 | $66,985 |
| DANIELSON FOODSERVICE, LLC | Hudson, WI | 2022 | $65,146 |
| Tran Associates, Inc. | Harrisburg, PA | 2020 | $64,154 |
| DANIELSON FOODSERVICE, LLC | Anoka, MN | 2022 | $53,096 |
| SNV Subs of West Chester Inc. | Bellbrook, OH | 2021 | $50,115 |
| Zanzibar Sky LLC | Harrisburg, PA | 2022 | $49,428 |
| Leap Deer, Inc. | Columbus, OH | 2019 | $44,590 |
| SUBWAY 12011 INC | Detroit, MI | 2021 | $42,027 |
| WNY SUBS INC | Buffalo, NY | 2018 | $37,500 |
| AARON FERRANCE LLC | Elysburg, PA | 2018 | $24,911 |
| Coldspring Subway, Inc | Baltimore, MD | 2020 | $22,023 |
| NORTH STAR MARKETING INC DBA SUBWAY SANDWICHES & SALADS | Bellevue, WA | 2013 | $21,961 |
| PM Stone Investments LLC | San Mateo, CA | 2024 | $21,570 |
| Lucky Rock Inc. | Rochester, NY | 2018 | $18,998 |
| Zamzam LLC | Ellicott City, MD | 2022 | $14,965 |
Each row above is an SBA 7(a) loan tied to this brand, charged off (defaulted) within seven years of approval — a few businesses appear more than once. Names, cities and loss amounts are exactly as they appear in the SBA’s FOIA release of 2026-06-30; street addresses are omitted by choice. Count them: there are 61 loans.
How this brand compares
share of owners who defaulted within seven yearsFranchise disclosure documents are not required to tell you how many owners failed. This is computed from the federal record of every SBA loan made to this brand, so it is the outcome, not the pitch.
When owners got into trouble
share of failures by yearFailures usually cluster once the opening cash is spent and the first rent increase lands. Plan working capital for that window, not for month one.
Who still lends on it
last two fiscal years| Lender | Units funded |
|---|---|
| The Huntington National Bank | 6 |
| Manufacturers and Traders Trust Company | 5 |
| Newtek Bank, National Association | 4 |
| CenTrust Bank, A Division of SmartBiz Bank National Association | 4 |
| Republic Bank & Trust Company | 3 |
Fewer active lenders means less competition on your rate, and a harder time if the first bank declines.
Each year's owners, as they aged
cumulative % of loan dollars charged off| Opened | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 | Yr 8 | Yr 9 | Yr 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | 1.1 | 1.5 | 1.7 | 2.1 | 2.4 |
| 2011 | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 1.7 | 1.7 | 1.9 |
| 2012 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.9 | 3.1 | 3.3 | 3.3 | 3.3 |
| 2013 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 1.5 | 1.5 | 1.5 | 1.5 |
| 2014 | 0.0 | 0.6 | 0.6 | 1.5 | 2.4 | 2.9 | 3.5 | 4.0 | 4.0 | 4.1 |
| 2015 | 0.0 | 0.0 | 0.8 | 1.8 | 2.8 | 3.9 | 6.0 | 6.3 | 6.5 | 7.1 |
| 2016 | 0.0 | 1.0 | 2.2 | 2.2 | 6.0 | 6.7 | 7.2 | 7.7 | 8.6 | · |
| 2017 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.4 | 1.4 | 1.4 | · | · |
| 2018 | 0.0 | 0.0 | 0.9 | 1.4 | 2.0 | 3.6 | 3.7 | · | · | · |
| 2019 | 0.0 | 0.0 | 0.0 | 0.5 | 0.5 | 0.5 | · | · | · | · |
| 2020 | 0.0 | 1.4 | 1.4 | 2.1 | 2.5 | · | · | · | · | · |
| 2021 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | · | · | · |
| 2022 | 0.0 | 0.0 | 0.0 | · | · | · | · | · | · | · |
| 2023 | 0.0 | 0.0 | · | · | · | · | · | · | · | · |
| 2024 | 0.0 | · | · | · | · | · | · | · | · | · |
| 2025 | · | · | · | · | · | · | · | · | · | · |
| 2026 | · | · | · | · | · | · | · | · | · | · |
Each row is one year's crop of new owners. Read across to watch them age; read down a column to compare different years at the same point in their life. Blank cells are simply too recent to know.
Brands worth comparing against this one
A default rate only means something next to its neighbours. These are the brands yours is being compared against.
Before you sign anything
This page tells you how past owners fared with SBA debt. It does not tell you whether this brand suits you, what the territory looks like, or how the franchisor behaves. Ask for Item 19, talk to at least five current franchisees and two who left, and run your own numbers.
Check whether the numbers work → What the SBA Franchise Directory is →
Common questions
What percentage of SUBWAY SANDWICH SHOP franchises default on their SBA loans?
Of the 1210 SUBWAY SANDWICH SHOP SBA 7(a) loans old enough to judge, 61 — 5.0% — were charged off within seven years. That is below the roughly 5.7% average across all SBA 7(a) loans.
Is SUBWAY SANDWICH SHOP a good franchise to buy with an SBA loan?
This page can only tell you how SUBWAY SANDWICH SHOP's SBA loans have performed, not whether it will work for you. A low default rate — SUBWAY SANDWICH SHOP sits below the norm — is a genuine positive: banks tend to lend more readily, and on better terms, to brands with a clean record. Still, treat it as one input alongside the franchise disclosure document and your own numbers.
How much have lenders lost on SUBWAY SANDWICH SHOP SBA loans?
Across the seasoned SUBWAY SANDWICH SHOP loans in the federal record, 61 were charged off, with about $9,444,571 in SBA losses in total. Every one of those businesses is listed by name on this page — see the 61 that defaulted.