Franchise Failure Rates

SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026

Jersey Mike’s Subs Franchise Failure Rate: 4.3% SBA Loan Defaults (2010–2019 Federal Data)

4.3%
charge-off rate on 47 SBA 7(a) loans to Jersey Mike’s Subs franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — Jersey Mike’s Subs against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Jersey Mike’s Subs 4.3%; Limited-Service Restaurants 10.3%; All franchises 10.2%Jersey Mike’s Subs 4.3%; Limited-Service Restaurants 10.3%; All franchises 10.2%0%2%4%6%8%10%Jersey Mike’s Subs4.3%Limited-ServiceRestaurants10.3%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Jersey Mike’s Subs 4.3%; Limited-Service Restaurants 10.3%; All franchises 10.2%Jersey Mike’s Subs 4.3%; Limited-Service Restaurants 10.3%; All franchises 10.2%0%2%4%6%8%10%Jersey Mike’s Subs4.3%Limited-Service Restaurants10.3%All franchises10.2%

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.

About 1 in 23 Jersey Mike’s Subs SBA borrowers failed to repay — well below the Limited-Service Restaurants average of 10.3%.

Between 2010 and 2019, 47 Jersey Mike’s Subs franchisees financed with SBA 7(a) loans. 2 defaulted — a 4.3% charge-off rate, 0.4x the Limited-Service Restaurants average of 10.3%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.

What is the Jersey Mike’s Subs franchise failure rate on SBA loans?

Jersey Mike’s Subs is a Limited-Service Restaurants franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to Jersey Mike’s Subs franchisees: 47 loans approved between fiscal 2010 and 2019, of which 2 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.

How does Jersey Mike’s Subs compare with other Limited-Service Restaurants franchises?

The table sets Jersey Mike’s Subs's charge-off rate beside its Limited-Service Restaurants peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable.

Jersey Mike’s Subs versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasureJersey Mike’s SubsLimited-Service RestaurantsAll franchisesAll SBA borrowers
Default (charge-off) rate4.3%10.3%10.2%8.0%
Loans in sample47———
Defaults2———
Average loan size$315,226———

What has Jersey Mike’s Subs SBA lending looked like since 2020?

Since 2020, Jersey Mike’s Subs franchisees have taken 248 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.

Charge-off rate by approval year — share of each fiscal year's Jersey Mike’s Subs SBA 7(a) loans that later defaulted (FY2010–FY2019); years with fewer than 10 loans are outlined, not filled
Charge-off rate by approval year: FY2017 0% of 1 loans; FY2018 5% of 22 loans; FY2019 4% of 24 loansCharge-off rate by approval year: FY2017 0% of 1 loans; FY2018 5% of 22 loans; FY2019 4% of 24 loans0%5%10%0%2017n=15%2018n=224%2019n=24
Charge-off rate by approval year: FY2017 0% of 1 loans; FY2018 5% of 22 loans; FY2019 4% of 24 loansCharge-off rate by approval year: FY2017 0% of 1 loans; FY2018 5% of 22 loans; FY2019 4% of 24 loans0%5%10%0%’17n=15%’18n=224%’19n=24

Loans approved since 2020, by fiscal year — counts only: 0 have charged off to date and most are still outstanding, so no rate is drawn.

Loans approved since 2020: FY2020 32; FY2021 69; FY2022 38; FY2023 30; FY2024 20; FY2025 33; FY2026 26Loans approved since 2020: FY2020 32; FY2021 69; FY2022 38; FY2023 30; FY2024 20; FY2025 33; FY2026 26322020692021382022302023202024332025262026
Loans approved since 2020: FY2020 32; FY2021 69; FY2022 38; FY2023 30; FY2024 20; FY2025 33; FY2026 26Loans approved since 2020: FY2020 32; FY2021 69; FY2022 38; FY2023 30; FY2024 20; FY2025 33; FY2026 2632’2069’2138’2230’2320’2433’2526’26

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY2017100.0%
FY20182214.5%
FY20192414.2%
FY202032—outstanding
FY202169—outstanding
FY202238—outstanding
FY202330—outstanding
FY202420—outstanding
FY202533—outstanding
FY202626—outstanding

How to read this

A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.

How reliable is this number?

Jersey Mike’s Subs's figure rests on 47 resolved SBA 7(a) loans approved between fiscal 2010 and 2019 — a matured cohort, so the rate is a settled outcome, not a projection. With 47 resolved loans, one default moves the rate by about 2.1 percentage points. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every Jersey Mike’s Subs figure is recomputed from the public SBA FOIA file on each rebuild.

Based on 47 resolved loans — directional, not precise.

Frequently asked

What is Jersey Mike’s Subs's franchise failure rate on SBA loans?
Between 2010 and 2019, 47 Jersey Mike’s Subs franchisees financed with SBA 7(a) loans. 2 defaulted — a 4.3% charge-off rate, 0.4x the Limited-Service Restaurants average of 10.3%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
Is Jersey Mike’s Subs a safe franchise investment?
Between 2010–2019, Jersey Mike’s Subs franchisees defaulted on SBA loans at 4.3% versus a 10.3% industry average. This data is one input for due diligence; it is not investment advice.

Cite this page

Franchise Default Rates (2026). Jersey Mike’s Subs franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 4.3% (2 of 47 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

https://franchisefailurerates.com/franchise/jersey-mikes-subs/ · Data & methodology · Download the dataset (CSV)