SBA 7(a)/504 FOIA · FY1991–PRESENT · PUERTO RICO
Subway franchise in Puerto Rico: what the public record shows
Franchisees of Subway in Puerto Rico have taken 96 SBA loans since 1991 (average $172,046), and of the 87 loans whose story has ended, 4.6% 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 159 franchised outlets in Puerto Rico (fiscal 2025) — about 4.96 per 100k residents.
Loans in PR
96
Resolved
87
Local charge-off
4.6%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = PR. 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 | 158 | 0 |
| 2024 | 158 | 0 |
| 2025 | 159 | 0 |
| System | Loans in PR | Local charge-off | Units in PR |
|---|---|---|---|
| POSTNET | 27 | 13.6% | — |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Puerto Rico 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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