SBA 7(a)/504 FOIA · FY1991–PRESENT · ALABAMA
Subway franchise in Alabama: what the public record shows
Franchisees of Subway in Alabama have taken 68 SBA loans since 1991 (average $223,764), and of the 56 loans whose story has ended, 7.1% were charged off — versus 6.8% for Subway nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 379 franchised outlets in Alabama (fiscal 2025) — about 7.35 per 100k residents.
Loans in AL
68
Resolved
56
Local charge-off
7.1%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = AL. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 380 | 0 |
| 2024 | 383 | 0 |
| 2025 | 379 | 0 |
| System | Loans in AL | Local charge-off | Units in AL |
|---|---|---|---|
| DAIRY QUEEN | 36 | 23.1% | — |
| Matco Tools | 13 | 50.0% | — |
| Firehouse Subs | 10 | thin | 36 |
| BEEF O' BRADY'S FAMILY SPORTS PUBS | 9 | thin | 10 |
| HOTWORX | 9 | thin | 16 |
| Steak-Out | 8 | thin | — |
| Bin There Dump That | 7 | thin | — |
| D-Bat | 7 | thin | 7 |
| Sport Clips | 6 | thin | 26 |
| Pink Zebra Moving | 5 | thin | 3 |
| Rainbow Restoration | 5 | thin | — |
| Sears Catalog Store | 5 | thin | — |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Alabama would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
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