SBA directory record
Subway
Public record facts
- SBA franchise identifier
- S1639
- SBA reference number
- 5426
- Directory start date
- October 1, 2017
- Recertified date
- Not reported
- Meets FTC franchise definition
- Yes
- Franchisor/distributor certification
- Received by SBA
SBA notes
Subway has recently changed its business model and will no longer require a franchisee to lease the real estate back to the franchisor. Franchisees are now permitted to sign leases directly with the landlord. However, if you have an existing franchise location where the franchisor has required the owner of the real estate to lease the premises to the Franchisor, who has then leased the premises back to the franchisee (individual[s] or entity), approval for SBA loans will only be considered for Approved Applicants which include individual(s) named as franchisee, an operating entity controlled by individual(s) named as franchisee, or an entity named as franchisee
Source and limitations
This profile reproduces factual fields from the U.S. Small Business Administration Franchise Directory, effective August 20, 2026. The SBA says placement is not an endorsement, approval, or assurance of success.
The directory establishes SBA financing eligibility context; it does not tell you the investment cost, earnings, franchisee satisfaction, litigation risk, territory availability, or whether this opportunity fits you.
Check the current SBA source →