SBA 7(a)/504 FOIA · FY1991–PRESENT · MONTANA
Subway franchise in Montana: what the public record shows
Franchisees of Subway in Montana have taken 50 SBA loans since 1991 (average $189,048), and of the 44 loans whose story has ended, 2.3% 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 64 franchised outlets in Montana (fiscal 2025) — about 5.63 per 100k residents.
Loans in MT
50
Resolved
44
Local charge-off
2.3%
National charge-off
6.8%
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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 70 | 0 |
| 2024 | 67 | 0 |
| 2025 | 64 | 0 |
| System | Loans in MT | Local charge-off | Units in MT |
|---|---|---|---|
| DAIRY QUEEN | 22 | 0.0% | 35 |
| Radioshack | 16 | 6.3% | — |
| Insty-Prints | 11 | 0.0% | — |
| Culligan | 9 | thin | 8 |
| Firehouse Subs | 8 | thin | 1 |
| Fuddruckers | 7 | thin | — |
| POSTNET | 7 | thin | 1 |
| SERVICEMASTER RESTORE | 7 | thin | 5 |
| Alphagraphics, Printshops of the Futu | 5 | thin | — |
| Color Tile | 5 | thin | — |
| Sizzler Family Steakhouse | 5 | thin | — |
Same sector, same state, same public records — how Subway 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. An independent CPA is paid by you — and the job is pressure-testing Subway's numbers, including talking you out of a bad deal.
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