SBA 7(a)/504 FOIA · FY1991–PRESENT · MASSACHUSETTS
JERSEY MIKE'S franchise in Massachusetts: what the public record shows
Franchisees of JERSEY MIKE'S in Massachusetts have taken 11 SBA loans since 1991 (average $473,818)— 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 4.1% is the better guide. Its latest FDD Item 20 state table reports 56 franchised outlets in Massachusetts (fiscal 2025) — about 0.78 per 100k residents.
Loans in MA
11
Resolved
2
Local charge-off
thin
National charge-off
4.1%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MA. 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 | 44 | — |
| 2024 | 49 | — |
| 2025 | 56 | — |
| System | Loans in MA | Local charge-off | Units in MA |
|---|---|---|---|
| Subway | 186 | 12.2% | 257 |
| EDIBLE ARRANGEMENTS | 26 | 0.0% | 24 |
| Minuteman Press | 24 | 5.0% | — |
| Home Instead | 23 | 0.0% | 17 |
| Signarama | 18 | 18.2% | — |
| CERTA PROPAINTERS | 15 | 18.2% | 13 |
| ECONO LODGE | 13 | thin | 5 |
| Taylor Rental Center | 13 | 0.0% | — |
| CRUMBL | 12 | thin | 21 |
| Right at Home | 12 | 0.0% | 13 |
| DAIRY QUEEN | 11 | thin | — |
| Matco Tools | 11 | thin | — |
Same sector, same state, same public records — how JERSEY MIKE'S compares to the systems a buyer in Massachusetts 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 JERSEY MIKE'S's numbers, including talking you out of a bad deal.