SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
KILWINS franchise in Michigan: what the public record shows
Franchisees of KILWINS in Michigan have taken 25 SBA loans since 1991 (average $325,180), and of the 15 loans whose story has ended, 0.0% were charged off — versus 8.3% for KILWINS nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 21 franchised outlets in Michigan (fiscal 2025) — about 0.21 per 100k residents.
Loans in MI
25
Resolved
15
Local charge-off
0.0%
National charge-off
8.3%
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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 20 | 3 |
| 2024 | 20 | 3 |
| 2025 | 21 | 3 |
| System | Loans in MI | Local charge-off | Units in MI |
|---|---|---|---|
| Subway | 184 | 6.4% | 677 |
| DAIRY QUEEN | 56 | 6.9% | — |
| BIG BOY | 38 | 8.6% | — |
| 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 |
| 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 KILWINS 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 KILWINS's numbers, including talking you out of a bad deal.