SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
Matco Tools franchise in Michigan: what the public record shows
Franchisees of Matco Tools in Michigan have taken 30 SBA loans since 1991 (average $72,824), and of the 28 loans whose story has ended, 50.0% were charged off — versus 34.7% for Matco Tools nationally and 14.8% across all rateable franchise brands.
Loans in MI
30
Resolved
28
Local charge-off
50.0%
National charge-off
34.7%
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% | — |
| BIG BOY | 38 | 8.6% | — |
| Two Men and a Truck | 35 | 12.5% | — |
| Firehouse Subs | 25 | 11.8% | 23 |
| KILWINS | 25 | 0.0% | 21 |
| EDIBLE ARRANGEMENTS | 15 | 8.3% | 17 |
| Budget Blinds | 12 | thin | — |
| Home Instead | 12 | thin | 11 |
| Wireless Toyz | 12 | thin | — |
| SERVICEMASTER RESTORE | 11 | thin | 74 |
| Sport Clips | 10 | thin | 18 |
Same sector, same state, same public records — how Matco Tools 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. An independent CPA is paid by you — and the job is pressure-testing Matco Tools's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →