What to know about Firehouse Subs franchise SBA loans
Firehouse Subs franchises project state SBA 7(a) loan approvals in 2020.
Firehouse Subs Franchise SBA Lending Highlights
2020 Year End
20 lenders approved 26 SBA 7(a) loans for $9,351,600. The average loan approval amount in 2020 was $359,677. SBA loans were approved to borrowers from 26 cities for projects in 17 states.
Historical
159 lenders approved 562 SBA 7(a) loans for $152,147,352. SBA loans were approved for borrowers from 394 cities, for projects in 44 states, with an average loan approval amount of $270,725.
SBA Rankings
For 2020 franchise loans in the Limited-Service Restaurants industry Firehouse Subs ranks #7 for loan approvals and #14 for approval amounts.
Charge-offs (Defaults)
3.24% of loans were charged-off by SBA lenders for the 10-Year Period Ending 2019.
2.4% of loans were charged-off by SBA lenders for the 10-Year Period Ending 2018.
The difference between a charge-off and a default, and the SBA loan default paradox
Read our free SBA Franchise Report for Firehouse Subs for a full report, but below are a few highlights:
Historical SBA 7(a) Lending
Firehouse Subs Franchises
2020 Top 25 Franchise Brands
Limited-Service Restaurants SBA 7(a) Loans
Loan Approvals
Approval Amounts
2020 Top 25 SBA Lenders
Firehouse Subs Franchise Loans
Loan Approvals
Approved Amounts
SBA 7(a) Lending Forecast
Our forecast model projects Firehouse Subs 2021 franchise SBA approvals at $9.6 million and for the Limited-Services Restaurants industry we project $678 million in SBA 7(a) approvals in 2021.
SBA Forecast: Firehouse Subs
SBA Forecast: Limited-Service Restaurants
See our full (and free) SBA report on Firehouse Subs
This report has about everything a small business owner would want to know about SBA 7(a) loans to Firehouse Subs franchise businesses. See the top rankings, lenders, loan amounts, default data, forecasts, the top project states and borrower cities, and more.
