SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW HAMPSHIRE
Subway franchise in New Hampshire: what the public record shows
Franchisees of Subway in New Hampshire have taken 28 SBA loans since 1991 (average $190,221), and of the 24 loans whose story has ended, 8.3% 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 66 franchised outlets in New Hampshire (fiscal 2025) — about 4.68 per 100k residents.
Loans in NH
28
Resolved
24
Local charge-off
8.3%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NH. 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 | 80 | 0 |
| 2024 | 72 | 0 |
| 2025 | 66 | 0 |
| System | Loans in NH | Local charge-off | Units in NH |
|---|---|---|---|
| CERTA PROPAINTERS | 12 | thin | 4 |
| Matco Tools | 9 | thin | — |
| Minuteman Press | 9 | thin | — |
| EDIBLE ARRANGEMENTS | 8 | thin | 2 |
| DAIRY QUEEN | 6 | thin | — |
| HOTWORX | 6 | thin | 10 |
| Signarama | 6 | thin | — |
| Harley Davidson | 5 | thin | — |
| Taylor Rental Center | 5 | thin | — |
Same sector, same state, same public records — how Subway compares to the systems a buyer in New Hampshire 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.