SBA 7(a)/504 FOIA · FY1991–PRESENT · WYOMING
Subway franchise in Wyoming: what the public record shows
Franchisees of Subway in Wyoming have taken 18 SBA loans since 1991 (average $242,083), and of the 14 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 55 franchised outlets in Wyoming (fiscal 2025) — about 9.37 per 100k residents.
Loans in WY
18
Resolved
14
Local charge-off
0.0%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = WY. 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 | 60 | 0 |
| 2024 | 55 | 0 |
| 2025 | 55 | 0 |
| System | Loans in WY | Local charge-off | Units in WY |
|---|---|---|---|
| DAIRY QUEEN | 8 | thin | — |
| Culligan | 7 | thin | 4 |
| BIG O TIRES | 5 | thin | 6 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Wyoming 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 →