SBA 7(a)/504 FOIA · FY1991–PRESENT · UTAH
Subway franchise in Utah: what the public record shows
Franchisees of Subway in Utah have taken 63 SBA loans since 1991 (average $206,009), and of the 49 loans whose story has ended, 4.1% 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 169 franchised outlets in Utah (fiscal 2025) — about 4.82 per 100k residents.
Loans in UT
63
Resolved
49
Local charge-off
4.1%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = UT. 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 | 185 | 0 |
| 2024 | 180 | 0 |
| 2025 | 169 | 0 |
| System | Loans in UT | Local charge-off | Units in UT |
|---|---|---|---|
| BIG O TIRES | 58 | 2.6% | 52 |
| DAIRY QUEEN | 19 | 25.0% | — |
| ALPHAGRAPHICS | 14 | thin | 15 |
| Blimpie | 14 | 25.0% | — |
| HOTWORX | 13 | thin | 18 |
| ECONO LODGE | 11 | thin | 6 |
| QUALITY INN | 11 | thin | 22 |
| Sport Clips | 11 | 0.0% | 28 |
| MASSAGE ENVY | 10 | thin | 14 |
| Matco Tools | 10 | thin | — |
| EDIBLE ARRANGEMENTS | 8 | thin | 1 |
| JERSEY MIKE'S | 8 | thin | 50 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Utah 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.