SBA 7(a)/504 FOIA · FY1991–PRESENT · MONTANA
JERSEY MIKE'S franchise in Montana: what the public record shows
Franchisees of JERSEY MIKE'S in Montana have taken 6 SBA loans since 1991 (average $388,500)— 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 11 franchised outlets in Montana (fiscal 2025) — about 0.97 per 100k residents.
Loans in MT
6
Resolved
1
Local charge-off
thin
National charge-off
4.1%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MT. 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 | 9 | — |
| 2024 | 9 | — |
| 2025 | 11 | — |
| System | Loans in MT | Local charge-off | Units in MT |
|---|---|---|---|
| Subway | 50 | 2.3% | 64 |
| DAIRY QUEEN | 22 | 0.0% | 35 |
| Radioshack | 16 | 6.3% | — |
| Insty-Prints | 11 | 0.0% | — |
| Culligan | 9 | thin | 8 |
| Fuddruckers | 7 | thin | — |
| POSTNET | 7 | thin | 1 |
| SERVICEMASTER RESTORE | 7 | thin | 5 |
| ALPHAGRAPHICS | 5 | thin | 2 |
| Color Tile | 5 | thin | — |
| Sizzler Family Steakhouse | 5 | thin | — |
Same sector, same state, same public records — how JERSEY MIKE'S compares to the systems a buyer in Montana 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.