SBA 7(a)/504 FOIA · FY1991–PRESENT · CONNECTICUT
Subway franchise in Connecticut: what the public record shows
Franchisees of Subway in Connecticut have taken 83 SBA loans since 1991 (average $141,249), and of the 62 loans whose story has ended, 4.8% 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 220 franchised outlets in Connecticut (fiscal 2025) — about 5.98 per 100k residents.
Loans in CT
83
Resolved
62
Local charge-off
4.8%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = CT. 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 | 255 | 0 |
| 2024 | 238 | 0 |
| 2025 | 220 | 0 |
| System | Loans in CT | Local charge-off | Units in CT |
|---|---|---|---|
| Blimpie | 21 | 35.3% | — |
| DAIRY QUEEN | 12 | thin | — |
| EDIBLE ARRANGEMENTS | 10 | thin | 23 |
| Minuteman Press | 10 | thin | — |
| QUALITY INN | 10 | thin | 8 |
| SERVICEMASTER RESTORE | 10 | thin | 31 |
| Sport Clips | 10 | thin | 10 |
| JERSEY MIKE'S | 9 | thin | 42 |
| MASSAGE ENVY | 8 | thin | 13 |
| Sir Speedy Printing | 8 | thin | 1 |
| ALPHAGRAPHICS | 6 | thin | 3 |
| Matco Tools | 6 | thin | — |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Connecticut 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 Subway's numbers, including talking you out of a bad deal.