SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
Uptown Cheapskate franchise in Michigan: what the public record shows
Franchisees of Uptown Cheapskate in Michigan have taken 8 SBA loans in the FY1991–present FOIA files (average $474,575). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Uptown Cheapskate's national ratio is 1.1× (not clearly different from 1.0×).
Loans in MI
8
Charged off (all years)
—
Loss ratio in MI
—
Loss ratio nationally (not clear)
1.1×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MI. 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 MI | Charged off (all years) | Loss ratio in MI | Units in MI |
|---|---|---|---|---|
| Ace Hardware | 77 | 6 of 44 | 0.8×NOT CLEAR | — |
| Save - a - Lot | 17 | 1 of 8 | — | — |
| Play It Again Sports | 16 | 2 of 12 | — | — |
| Once Upon a Child | 13 | 0 of 11 | — | — |
| True Value Hardware | 12 | 0 of 10 | — | — |
| Wireless Toyz | 12 | 6 of 9 | — | — |
| Batteries Plus | 10 | 0 of 5 | — | — |
| Plato'S Closet | 9 | 0 of 6 | — | — |
| Radioshack | 9 | 1 of 7 | — | — |
| Naturals2Go | 8 | 0 of 4 | — | — |
| General Nutrition Center | 7 | 0 of 7 | — | — |
| Sears Catalog Store | 7 | 1 of 3 | — | — |
Other systems in Uptown Cheapskate's sector whose franchisees borrowed in Michigan. 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 Uptown Cheapskate’s numbers, including talking you out of a bad deal.