THE DISTRESS DIGEST · SENT OCTOBER 26, 2026 · ARCHIVED AS SENT · CORRECTIONS NOTED BELOW
A quiet week — no verified distress signals
No new verified bankruptcy, closure or litigation records in the last 7 days. Below: brands with high lifetime SBA charge-off rates (FY1991–present) and a weak filed Item 20 record, in our opinion.
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.
- PITA PIT — our verdict: Weaker disclosed record
30.6% of 134 resolved SBA loans to its franchisees (approved FY2004–present, matched by name) were charged off. Costs $322K+ to open.
- I LOVE KICKBOXING — our verdict: Weaker disclosed record
30.0% of 100 resolved SBA loans to its franchisees (approved FY2014–present, matched by name) were charged off. Costs $100K+ to open.
- Blimpie — our verdict: Weaker disclosed record
29.8% of 537 resolved SBA loans to its franchisees (approved FY1991–present, matched by name) were charged off. Costs $308K+ to open.
- Long John Silver's — our verdict: Weaker disclosed record
27.3% of 55 resolved SBA loans to its franchisees (approved FY1991–present, matched by name) were charged off. Costs $1.1M+ to open.
- 9ROUND — our verdict: Weaker disclosed record
26.9% of 93 resolved SBA loans to its franchisees (approved FY2014–present, matched by name) were charged off. Costs $160K+ to open.
Archived exactly as sent on October 26, 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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