SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
RE/MAX franchise in Michigan: what the public record shows
Franchisees of RE/MAX in Michigan have taken 10 SBA loans since 1991 (average $401,780)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 14.6% is the better guide. Its latest FDD Item 20 state table reports 125 franchised outlets in Michigan (fiscal 2025) — about 1.23 per 100k residents.
Loans in MI
10
Resolved
5
Local charge-off
thin
National charge-off
14.6%
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 of 30 loans.
Businesses in this industry
2,535
statewide, all operators
Per 100k residents
25
national 47.9
Versus the country
-48%
thinner
Every business in RE/MAX's industry operating in Michigan — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 130 | 0 |
| 2024 | 127 | 0 |
| 2025 | 125 | 0 |
| System | Loans in MI | Local charge-off | Units in MI |
|---|---|---|---|
| Century 21 | 6 | thin | — |
Same sector, same state, same public records — how RE/MAX 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 RE/MAX's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →