SBA 7(a)/504 FOIA · FY1991–PRESENT · HAWAII
Subway franchise in Hawaii: what the public record shows
Franchisees of Subway in Hawaii have taken 39 SBA loans since 1991 (average $137,617), and of the 33 loans whose story has ended, 3.0% 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 84 franchised outlets in Hawaii (fiscal 2025) — about 5.81 per 100k residents.
Loans in HI
39
Resolved
33
Local charge-off
3.0%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = HI. 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 | 87 | 0 |
| 2024 | 86 | 0 |
| 2025 | 84 | 0 |
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