SBA 7(a)/504 FOIA · FY1991–PRESENT · WISCONSIN
A&W franchise in Wisconsin: what the public record shows
Franchisees of A&W in Wisconsin have taken 8 SBA loans since 1991 (average $217,875)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 21.5% is the better guide. Its latest FDD Item 20 state table reports 53 franchised outlets in Wisconsin (fiscal 2025) — about 0.89 per 100k residents.
Loans in WI
8
Resolved
8
Local charge-off
thin
National charge-off
21.5%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WI. 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 of 30 loans.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 49 | — |
| 2023 | 49 | — |
| 2024 | 49 | — |
| 2024 | 49 | — |
| 2025 | 53 | — |
| 2025 | 53 | — |
| System | Loans in WI | Local charge-off | Units in WI |
|---|---|---|---|
| Subway | 146 | 9.4% | 425 |
| DAIRY QUEEN | 77 | 8.6% | — |
| ECONO LODGE | 20 | 0.0% | 12 |
| Matco Tools | 20 | 17.6% | — |
| QUALITY INN | 19 | 0.0% | 36 |
| Fastsigns | 17 | thin | — |
| Sport Clips | 15 | 0.0% | 32 |
| Minuteman Press | 14 | 25.0% | — |
| Harley Davidson | 12 | thin | — |
| MASSAGE ENVY | 12 | thin | 11 |
| Radioshack | 10 | thin | — |
| Country Inn | 9 | thin | 24 |
Same sector, same state, same public records — how A&W compares to the systems a buyer in Wisconsin 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. I'm paid by you — and the job is pressure-testing A&W's numbers, including talking you out of a bad deal.