Togo's Franchise Failure Rate
SBA 7(a) loan default data, FY2010–FY2019 · Updated 2026
Togo's franchisees defaulted on 22.2% of SBA 7(a) loans between FY2010 and FY2019 — 4 of 18 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Limited-Service Restaurants industry average of 10.3%.
- 22.2%SBA default rate, small sample4 of 18 loans
- 18loans resolvedapproved FY2010–FY2019
- 10.3%Limited-Service Restaurants averageall SBA loans in the industry
- 64th lowestindustry rankof 81 Limited-Service Restaurants brands
| SBA default rate | 22.2% (small sample) |
|---|---|
| Loans approved | 18 |
| Loans charged off | 4 |
| Date range | FY2010–FY2019 |
| Industry | Limited-Service Restaurants |
| Industry average | 10.3% |
| Data source | U.S. SBA 7(a) FOIA loan data |
Most SBA default figures published online use loans approved since 2020 — loans that have had six years or less to fail — so those rates are floors, not outcomes. Every rate on this site is computed from the matured FY2010–FY2019 cohort: loans that have been paid in full or charged off, so the result is settled. Loans approved since 2020 are shown as counts so early charge-offs are visible without being mistaken for a rate.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.
4 of 18 Togo's SBA borrowers failed to repay — too few loans to call a rate; read it as a flag, not a verdict.
What is the Togo's franchise failure rate on SBA loans?
Togo'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 Togo's franchisees: 18 loans approved between fiscal 2010 and 2019, of which 4 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.
- SBA 7(a) loans approved FY2010–FY201918
- Charged off4
- Charge-off rate (small sample)22.2%
- Limited-Service Restaurants franchise benchmark10.3%
- Brand vs industry2.2x
- All-franchise SBA benchmark10.2%
- Average loan size, 2010s cohort$275,639
How does Togo's compare with other Limited-Service Restaurants franchises?
The table sets Togo'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. A cell in red is more than twice the industry benchmark.
| Measure | Togo's | Limited-Service Restaurants | All franchises | All SBA borrowers |
|---|---|---|---|---|
| Default (charge-off) rate | 22.2% (small sample) | 10.3% | 10.2% | 8.0% |
| Loans in sample | 18 | — | — | — |
| Defaults | 4 | — | — | — |
| Average loan size | $275,639 | — | — | — |
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
Show the numbers behind this chart
| Fiscal year | Loans | Charged off | Rate |
|---|---|---|---|
| FY2013 | 4 | 1 | 25.0% |
| FY2014 | 4 | 3 | 75.0% |
| FY2015 | 4 | 0 | 0.0% |
| FY2016 | 3 | 0 | 0.0% |
| FY2017 | 2 | 0 | 0.0% |
| FY2018 | 1 | 0 | 0.0% |
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?
Togo's's figure rests on 18 resolved SBA 7(a) loans approved between fiscal 2010 and 2019. That cohort has matured, so the count is a settled outcome, not a projection. With 18 resolved loans, one default moves the rate by about 5.6 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 Togo's figure is recomputed from the public SBA FOIA file on each rebuild.
Small sample (18 loans). A single default moves this figure substantially.
Is Togo's in financial trouble? What the SBA data shows
Togo's's SBA 7(a) default rate was 22.2% for loans approved FY2010–FY2019 (4 of 18 loans charged off) — 64th lowest of 81 Limited-Service Restaurants brands tracked here. A default rate this far above the Limited-Service Restaurants average of 10.3% is a signal worth investigating further before investing. With only 18 loans in the sample, one default moves the rate by about 5.6 percentage points, so read it as a flag rather than a verdict.
Frequently asked
- What is Togo's's franchise failure rate?
- Togo's franchisees defaulted on 22.2% of SBA 7(a) loans between FY2010 and FY2019 — 4 of 18 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Limited-Service Restaurants industry average of 10.3%.
- How does Togo's compare to other Limited-Service Restaurants franchises?
- Togo's's 22.2% SBA default rate is higher than the Limited-Service Restaurants industry average of 10.3%. See every Limited-Service Restaurants franchise ranked on the Limited-Service Restaurants industry page. Limited-Service Restaurants franchises →
- What does 'SBA default rate' mean?
- An SBA default rate is the share of SBA 7(a) loans, approved FY2010–FY2019 and since resolved (paid in full or charged off), that were charged off — written off after the borrower failed to repay. It is not a measure of unit closures.
Source
Source: U.S. Small Business Administration, 7(a) loan program charge-off data, FY2010–FY2019. Franchise data is matched on the SBA's franchise code / brand name. "Failure rate" here means the share of approved loans (resolved: paid in full or charged off) that were charged off; it is not a measure of unit closures. Last updated September 30, 2026.
Every brand in one table, with percentiles and breakdowns by year, industry and loan size: franchise SBA default rates, all 415 brands.
Cite this page
Franchise Default Rates (2026). Togo's franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 22.2% (4 of 18 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/franchise/togos/ · Data & methodology · Download the dataset (CSV)