THE DISTRESS DIGEST · SENT OCTOBER 12, 2026 · ARCHIVED AS SENT · CORRECTIONS NOTED BELOW
A quiet week — and 5 systems still worth watching
No new bankruptcies, closures or litigation in the last 7 days. Here is what the loan record says is still going wrong.
Correction: this issue was sent while our event collection was paused. Its “no new records” line reflects that nothing was being collected, not that nothing happened.
- Blimpie — Showing strain
29.8% of 537 resolved SBA loans to its franchisees were charged off. Costs $308K+ to open.
- I LOVE KICKBOXING — Showing strain
27.8% of 151 resolved SBA loans to its franchisees were charged off. Costs $100K+ to open.
- LONG JOHN SILVER'S — Showing strain
27.3% of 55 resolved SBA loans to its franchisees were charged off. Costs $814K+ to open.
- SYLVAN LEARNING — Showing strain
23.9% of 264 resolved SBA loans to its franchisees were charged off. Costs $118K+ to open.
- Cartridge World — Showing strain
22.7% of 172 resolved SBA loans to its franchisees were charged off. Costs $75K+ to open.
Archived exactly as sent on October 12, 2026; brand pages linked above reflect the latest filings and may have moved since. Items later found to be wrong are corrected or removed; to report an error, use the contact on the Methodology page.
Weekly: bankruptcies, closures and court filings matched to a brand's own entity, plus a watchlist from filed records and SBA loan outcomes. For alerts about changes to specific brands, save them to your shortlist.
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