SBA 7(a)/504 FOIA · FY1991–PRESENT · PUERTO RICO
Blimpie franchise in Puerto Rico: what the public record shows
Franchisees of Blimpie in Puerto Rico have taken 7 SBA loans since 1991 (average $91,857)— 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 29.8% is the better guide.
Loans in PR
7
Resolved
6
Local charge-off
thin
National charge-off
29.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = PR. 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.
Same sector, same state, same public records — how Blimpie compares to the systems a buyer in Puerto Rico 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 Blimpie's numbers, including talking you out of a bad deal.