SBA 7(a)/504 FOIA · FY1991–PRESENT · WEST VIRGINIA
Subway franchise in West Virginia: what the public record shows
Franchisees of Subway in West Virginia have taken 52 SBA loans since 1991 (average $149,302), and of the 45 loans whose story has ended, 11.1% 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 151 franchised outlets in West Virginia (fiscal 2025) — about 8.53 per 100k residents.
Loans in WV
52
Resolved
45
Local charge-off
11.1%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WV. 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 | 155 | 0 |
| 2024 | 154 | 0 |
| 2025 | 151 | 0 |
| System | Loans in WV | Local charge-off | Units in WV |
|---|---|---|---|
| DAIRY QUEEN | 17 | 9.1% | — |
| Matco Tools | 6 | thin | — |
| EDIBLE ARRANGEMENTS | 5 | thin | 1 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in West 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. An independent CPA is paid by you — and the job is pressure-testing Subway's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →