SBA 7(a)/504 FOIA · FY1991–PRESENT · VIRGINIA
Subway franchise in Virginia: what the public record shows
Franchisees of Subway in Virginia have taken 90 SBA loans since 1991 (average $190,628), and of the 70 loans whose story has ended, 0.0% 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 547 franchised outlets in Virginia (fiscal 2025) — about 6.21 per 100k residents.
Loans in VA
90
Resolved
70
Local charge-off
0.0%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = VA. 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 | 574 | 0 |
| 2024 | 564 | 0 |
| 2025 | 547 | 0 |
| System | Loans in VA | Local charge-off | Units in VA |
|---|---|---|---|
| QUALITY INN | 60 | 10.3% | 56 |
| ECONO LODGE | 42 | 10.7% | 29 |
| DAIRY QUEEN | 38 | 24.0% | — |
| Fastsigns | 17 | 15.4% | — |
| Blimpie | 16 | 16.7% | — |
| SLEEP INN | 15 | thin | 21 |
| CERTA PROPAINTERS | 14 | thin | 17 |
| EDIBLE ARRANGEMENTS | 14 | 30.0% | 26 |
| MASSAGE ENVY | 14 | 10.0% | 37 |
| Country Inn | 12 | thin | 21 |
| HOTWORX | 12 | thin | 13 |
| Matco Tools | 12 | 10.0% | — |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Virginia 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.