SBA 7(a)/504 FOIA · FY1991–PRESENT · RHODE ISLAND
Blimpie franchise in Rhode Island: what the public record shows
Franchisees of Blimpie in Rhode Island have taken 7 SBA loans since 1991 (average $73,285)— 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 RI
7
Resolved
6
Local charge-off
thin
National charge-off
29.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = RI. 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.
| System | Loans in RI | Local charge-off | Units in RI |
|---|---|---|---|
| Subway | 61 | 5.3% | 50 |
| JERSEY MIKE'S | 6 | thin | 15 |
| Minuteman Press | 6 | thin | — |
Same sector, same state, same public records — how Blimpie compares to the systems a buyer in Rhode Island 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.