SBA 7(a)/504 FOIA · FY1991–PRESENT · WASHINGTON
Subway franchise in Washington: what the public record shows
Franchisees of Subway in Washington have taken 318 SBA loans since 1991 (average $202,930), and of the 277 loans whose story has ended, 4.7% 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 438 franchised outlets in Washington (fiscal 2025) — about 5.5 per 100k residents.
Loans in WA
318
Resolved
277
Local charge-off
4.7%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WA. 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 | 475 | 0 |
| 2024 | 447 | 0 |
| 2025 | 438 | 0 |
| System | Loans in WA | Local charge-off | Units in WA |
|---|---|---|---|
| DAIRY QUEEN | 113 | 7.1% | — |
| MASSAGE ENVY | 26 | 22.7% | 18 |
| Minuteman Press | 21 | 28.6% | — |
| SERVICEMASTER RESTORE | 17 | 20.0% | 37 |
| DENNY'S | 16 | 10.0% | 40 |
| HOTWORX | 16 | thin | 18 |
| RODEWAY INN | 16 | thin | 4 |
| Fastsigns | 15 | 0.0% | — |
| BIG O TIRES | 14 | thin | 7 |
| Home Instead | 13 | thin | 18 |
| Budget Blinds | 11 | thin | — |
| POSTNET | 11 | thin | 9 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Washington would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
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