SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
Subway franchise in New York: what the public record shows
Franchisees of Subway in New York have taken 378 SBA loans since 1991 (average $120,137), and of the 289 loans whose story has ended, 12.1% 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 664 franchised outlets in New York (fiscal 2025) — about 3.34 per 100k residents.
Loans in NY
378
Resolved
289
Local charge-off
12.1%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NY. 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 | 717 | 0 |
| 2024 | 696 | 0 |
| 2025 | 664 | 0 |
| System | Loans in NY | Local charge-off | Units in NY |
|---|---|---|---|
| EDIBLE ARRANGEMENTS | 33 | 8.0% | 67 |
| Matco Tools | 22 | 22.7% | — |
| DAIRY QUEEN | 20 | 33.3% | — |
| Allstate Insurance | 19 | 0.0% | — |
| MASSAGE ENVY | 17 | 9.1% | 28 |
| Fastsigns | 12 | thin | — |
| HOTWORX | 12 | thin | 15 |
| Minuteman Press | 12 | thin | — |
| Wyndham | 12 | thin | 1 |
| Plato'S Closet | 11 | thin | — |
| Budget Blinds | 10 | thin | — |
| CERTA PROPAINTERS | 10 | thin | 12 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in New York would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
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