SBA 7(a)/504 FOIA · FY1991–PRESENT · ILLINOIS
Subway franchise in Illinois: what the public record shows
Franchisees of Subway in Illinois have taken 303 SBA loans since 1991 (average $185,486), and of the 236 loans whose story has ended, 8.9% were charged off — versus 6.8% for Subway nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 811 franchised outlets in Illinois (fiscal 2025) — about 6.38 per 100k residents.
Loans in IL
303
Resolved
236
Local charge-off
8.9%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IL. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 879 | 0 |
| 2024 | 851 | 0 |
| 2025 | 811 | 0 |
| System | Loans in IL | Local charge-off | Units in IL |
|---|---|---|---|
| DAIRY QUEEN | 129 | 16.0% | — |
| Sport Clips | 40 | 0.0% | 109 |
| MASSAGE ENVY | 39 | 6.3% | 45 |
| Fastsigns | 29 | 18.8% | — |
| Alphagraphics, Printshops of the Futu | 25 | 31.8% | — |
| SERVICEMASTER RESTORE | 24 | 10.5% | 123 |
| Signarama | 24 | thin | — |
| EDIBLE ARRANGEMENTS | 22 | 31.3% | 29 |
| Matco Tools | 22 | 15.0% | — |
| HOTWORX | 21 | thin | 17 |
| Firehouse Subs | 19 | 0.0% | 25 |
| PETLAND | 18 | 44.4% | 3 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Illinois would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
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