SBA 7(a)/504 FOIA · FY1991–PRESENT · OHIO
Subway franchise in Ohio: what the public record shows
Franchisees of Subway in Ohio have taken 353 SBA loans since 1991 (average $194,189), and of the 260 loans whose story has ended, 3.1% 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 865 franchised outlets in Ohio (fiscal 2025) — about 7.28 per 100k residents.
Loans in OH
353
Resolved
260
Local charge-off
3.1%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = OH. 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 | 924 | 0 |
| 2024 | 898 | 0 |
| 2025 | 865 | 0 |
| System | Loans in OH | Local charge-off | Units in OH |
|---|---|---|---|
| DAIRY QUEEN | 156 | 8.3% | — |
| Minuteman Press | 41 | 14.3% | — |
| PETLAND | 41 | 42.9% | 5 |
| Matco Tools | 37 | 40.0% | — |
| Sport Clips | 32 | 3.8% | 53 |
| Fastsigns | 30 | 4.8% | — |
| Firehouse Subs | 28 | 15.0% | 28 |
| Home Instead | 26 | 0.0% | 33 |
| JERSEY MIKE'S | 25 | 0.0% | 129 |
| Allstate Insurance | 22 | 10.0% | — |
| Buffalo Wild Wings (F/K/a Bw-3 (Buffalo Wings | 21 | 0.0% | — |
| MASSAGE ENVY | 21 | 5.3% | 30 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Ohio would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Subway's numbers, including talking you out of a bad deal.
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