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 Franchise Failure Rate: 1.7% SBA Loan Defaults (2010–2019 Federal Data)

1.7%
charge-off rate on 179 SBA 7(a) loans to Jersey Mike's franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — Jersey Mike's against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Jersey Mike's 1.7%; Limited-Service Restaurants 10.3%; All franchises 10.2%Jersey Mike's 1.7%; Limited-Service Restaurants 10.3%; All franchises 10.2%0%2%4%6%8%10%Jersey Mike's1.7%Limited-ServiceRestaurants10.3%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: Jersey Mike's 1.7%; Limited-Service Restaurants 10.3%; All franchises 10.2%Jersey Mike's 1.7%; Limited-Service Restaurants 10.3%; All franchises 10.2%0%2%4%6%8%10%Jersey Mike's1.7%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 59 Jersey Mike's SBA borrowers failed to repay — well below the Limited-Service Restaurants average of 10.3%.

Between 2010 and 2019, 179 Jersey Mike's franchisees financed with SBA 7(a) loans. 3 defaulted — a 1.7% charge-off rate, 0.2x 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 franchise failure rate on SBA loans?

Jersey Mike's 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 franchisees: 179 loans approved between fiscal 2010 and 2019, of which 3 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 compare with other Limited-Service Restaurants franchises?

The table sets Jersey Mike's'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 versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasureJersey Mike'sLimited-Service RestaurantsAll franchisesAll SBA borrowers
Default (charge-off) rate1.7%10.3%10.2%8.0%
Loans in sample179———
Defaults3———
Average loan size$279,925———
Charge-off rate by approval year — share of each fiscal year's Jersey Mike's 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: FY2010 0% of 8 loans; FY2011 0% of 17 loans; FY2012 0% of 11 loans; FY2013 0% of 21 loans; FY2014 3% of 36 loans; FY2015 0% of 38 loans; FY2016 0% of 25 loans; FY2017 12% of 17 loans; FY2018 0% of 6 loansCharge-off rate by approval year: FY2010 0% of 8 loans; FY2011 0% of 17 loans; FY2012 0% of 11 loans; FY2013 0% of 21 loans; FY2014 3% of 36 loans; FY2015 0% of 38 loans; FY2016 0% of 25 loans; FY2017 12% of 17 loans; FY2018 0% of 6 loans0%8%15%0%2010n=80%2011n=170%2012n=110%2013n=213%2014n=360%2015n=380%2016n=2512%2017n=170%2018n=6
Charge-off rate by approval year: FY2010 0% of 8 loans; FY2011 0% of 17 loans; FY2012 0% of 11 loans; FY2013 0% of 21 loans; FY2014 3% of 36 loans; FY2015 0% of 38 loans; FY2016 0% of 25 loans; FY2017 12% of 17 loans; FY2018 0% of 6 loansCharge-off rate by approval year: FY2010 0% of 8 loans; FY2011 0% of 17 loans; FY2012 0% of 11 loans; FY2013 0% of 21 loans; FY2014 3% of 36 loans; FY2015 0% of 38 loans; FY2016 0% of 25 loans; FY2017 12% of 17 loans; FY2018 0% of 6 loans0%8%15%0%’10n=80%’11n=170%’12n=110%’13n=213%’14n=360%’15n=380%’16n=2512%’17n=170%’18n=6

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

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY2010800.0%
FY20111700.0%
FY20121100.0%
FY20132100.0%
FY20143612.8%
FY20153800.0%
FY20162500.0%
FY201717211.8%
FY2018600.0%

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's figure rests on 179 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 179 resolved loans, the sample is large enough that a single default barely moves the figure. 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 figure is recomputed from the public SBA FOIA file on each rebuild.

Frequently asked

What is Jersey Mike's's franchise failure rate on SBA loans?
Between 2010 and 2019, 179 Jersey Mike's franchisees financed with SBA 7(a) loans. 3 defaulted — a 1.7% charge-off rate, 0.2x 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 a safe franchise investment?
Between 2010–2019, Jersey Mike's franchisees defaulted on SBA loans at 1.7% 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 franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 1.7% (3 of 179 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

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