SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
BIG BOY franchise in Michigan: what the public record shows
Franchisees of BIG BOY in Michigan have taken 38 SBA loans since 1991 (average $558,276), and of the 35 loans whose story has ended, 8.6% were charged off — versus 13.2% for BIG BOY nationally and 14.8% across all rateable franchise brands.
Loans in MI
38
Resolved
35
Local charge-off
8.6%
National charge-off
13.2%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MI. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
| System | Loans in MI | Local charge-off | Units in MI |
|---|---|---|---|
| Subway | 184 | 6.4% | 677 |
| DAIRY QUEEN | 56 | 6.9% | — |
| Two Men and a Truck | 35 | 12.5% | — |
| Matco Tools | 30 | 50.0% | — |
| QUALITY INN | 29 | 15.8% | 45 |
| Blimpie | 27 | 33.3% | — |
| ECONO LODGE | 25 | 10.5% | 13 |
| KILWINS | 25 | 0.0% | 21 |
| JERSEY MIKE'S | 20 | thin | 81 |
| EDIBLE ARRANGEMENTS | 15 | 8.3% | 17 |
| A&W | 13 | thin | 33 |
| Home Instead | 12 | thin | 11 |
Same sector, same state, same public records — how BIG BOY compares to the systems a buyer in Michigan would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing BIG BOY's numbers, including talking you out of a bad deal.