SBA 7(a)/504 FOIA · FY1991–PRESENT · TEXAS
Golf Etc. franchise in Texas: what the public record shows
Franchisees of Golf Etc. in Texas have taken 33 SBA loans in the FY1991–present FOIA files (average $136,609). Those approved through FY2020 defaulted more often than franchise loans made in the same years nationally: 14 charge-offs among 30 resolved loans, where about 6.4 would be expected (2.2×). Golf Etc.'s national ratio is 2.4×.
Loans in TX
33
Charged off (all years)
14 of 30
Loss ratio in TX
2.2×
Loss ratio nationally
2.4×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = TX. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
| System | Loans in TX | Charged off (all years) | Loss ratio in TX | Units in TX |
|---|---|---|---|---|
| Ace Hardware | 99 | 10 of 50 | 1.2×NOT CLEAR | — |
| Naturals2Go | 49 | 0 of 11 | — | — |
| Batteries Plus | 37 | 7 of 22 | — | — |
| General Nutrition Center | 35 | 5 of 30 | 1.0×NOT CLEAR | — |
| KID TO KID | 32 | 4 of 21 | — | — |
| Once Upon a Child | 27 | 2 of 20 | — | — |
| Uptown Cheapskate | 27 | 1 of 9 | — | — |
| Play It Again Sports | 24 | 7 of 20 | — | — |
| Plato'S Closet | 22 | 0 of 12 | — | — |
| Armstrong Mccall | 21 | 4 of 16 | — | — |
| WaterStation | 20 | 1 of 18 | — | — |
| Cartridge World | 19 | 5 of 19 | — | — |
Other systems in Golf Etc.'s sector whose franchisees borrowed in Texas. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing Golf Etc.’s numbers, including talking you out of a bad deal.