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Subway, by the numbers

Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.

SBA Franchise Directory: listed ✓ (identifier S1639)

367 deals since 2020 · typical deal $210K · 2.46% failure rate

367

Deals since 2020

$210K

Typical deal

75

Deals since FY2025

2.46%

Failure rate (FY20–23)

Subway's 2.46% failure rate sits in the normal range for franchises. Underwrite the location, not just the brand.

What buyers pay for Subway

Most Subway deals financed between $80K and $414K. Above $414K, you're paying more than 75% of buyers did — make the seller earn it.

Monthly payment (10-yr)
$3,105
Down payment (10%)
$23K
Cash to close (all-in)
$31K

Estimates at today's rates and standard 7(a) terms. Not a loan offer.

Could you get the loan?

Three answers. No documents, no credit pull.

Credit score

Available cash (you'll need ~$31K)

Experience

Recent financings

  • Vandana Inc in Prospect, KY — $2.7M (2026) · Republic Bank & Trust Company
  • LA ENTERPRISE INC in Volga, SD — $1.8M (2026) · purchase · First Bank & Trust
  • LB Subs AZ Management LLC in Tucson, AZ — $845K (2026) · purchase · ACC Capital
  • JT WAY LLC in Beaver Falls, PA — $675K (2026) · Newtek Bank, National Association
  • Maison Roots Inc in Indianapolis, IN — $559K (2026) · purchase · Citizens State Bank of New Castle
  • SUBWAY in Union City, NJ — $512K (2026) · Provident Bank
  • Cardinal Cedar, LLC in Carbondale, CO — $453K (2026) · Timberline Bank
  • Aaricia Global Traders LLC in Columbus, OH — $430K (2026) · First Commonwealth Bank
  • Subway in Hidalgo, TX — $400K (2026) · Newtek Bank, National Association
  • Excellence Eating Experience Corp. in Cayey, PR — $394K (2026) · FirstBank Puerto Rico

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

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Subway brand mark

Who funds Subway — and where

Every dot is a financed Subway — 365 mapped.

Financed Subway locations — list all 365 as text

Top lenders for this brand

  1. 1.The Huntington National Bank(67)
  2. 2.Manufacturers and Traders Trust Company(18)
  3. 3.Merchants Bank of Indiana(10)
  4. 4.Stearns Bank National Association(10)
  5. 5.Peoples Bank(8)

Most active states

  1. 1.Ohio (53 loans)
  2. 2.Indiana (33 loans)
  3. 3.New York (22 loans)
  4. 4.Illinois (21 loans)
  5. 5.Michigan (20 loans)
  6. 6.Pennsylvania (19 loans)
  7. 7.California (17 loans)
  8. 8.Minnesota (15 loans)

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Common questions

How much does a Subway cost to buy or open?

The typical deal for Subway is $210K across 367 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $23K of buyer cash on a typical deal.

How risky is Subway?

2.46% of Subway's FY2020–23 deals failed and were written off. Under 1% is excellent; 1–3% is normal; above 3% deserves hard questions before the LOI.

Can I finance a Subway with an SBA loan?

Yes — Subway has been SBA-financed 75 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Buying a Subway franchise

Most Subway buyers finance the purchase or build-out with an SBA 7(a) loan — up to 90% of the cost with roughly 10% down. The typical Subway deal financed for $210K, which points to about $23K of buyer cash on a typical purchase. Subway is listed in the SBA Franchise Directory (identifier S1639), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Subway — a bank that knows the brand approves faster — or pre-qualify for financing to see your likely loan size first.

AI summary

This profile summarizes public SBA financing activity for Subway — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via CapBench SBA Intelligence. CapBench is not a lender.

Source: CapBench SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. CapBench is not a lender and does not guarantee financing.

Agent summary

This page summarizes public SBA 7(a) financing for Subway — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Subway is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.

  • 367 SBA 7(a) deals since 2020
  • $210K typical deal
  • 75 deals since FY2025
  • 2.46% failure rate (FY20–23 cohort)
  • SBA Franchise Directory: listed (identifier S1639)
  • Top lenders: The Huntington National Bank, Manufacturers and Traders Trust Company, Merchants Bank of Indiana

Next steps

Check SBA fitFind SBA lenders$9 lender report
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-20.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/franchises/subway
API:
https://www.capbench.com/api/public/franchises/subway
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
  • Financing figures are historical SBA loan records, not a current offer or franchise availability. Confirm SBA Franchise Directory listing with your lender before an LOI.

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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Subway.

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