SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
X-GOLF franchise in Michigan: what the public record shows
Franchisees of X-GOLF in Michigan have taken 34 SBA loans in the FY1991–present FOIA files (average $362,217). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. X-GOLF has too few seasoned resolved loans nationally for a national ratio. Its latest FDD Item 20 state table reports 15 franchised outlets in Michigan (fiscal 2025) — about 0.15 per 100k residents.
Loans in MI
34
Charged off (all years)
0 of 16
Loss ratio in MI
—
Loss ratio nationally
—
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.
Businesses in this industry
899
statewide, all operators
Per 100k residents
8.9
national 11.9
Versus the country
-25%
thinner
Every business in X-GOLF'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 the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.
Avg weekly wage, this industry
$446
Michigan, BLS QCEW 2025
National average
$438
same industry, all states
Versus the country
+2%
costlier to staff
What X-GOLF's industry actually pays workers in Michigan, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This cost signal is independent of the FDD: a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2018 | 8 | 0 |
| 2019 | 9 | 0 |
| 2020 | 10 | 0 |
| 2023 | 15 | — |
| 2024 | 15 | — |
| 2025 | 15 | — |
| System | Loans in MI | Charged off (all years) | Loss ratio in MI | Units in MI |
|---|---|---|---|---|
| Painting With a Twist | 7 | 0 of 4 | — | — |
| Pump It Up | 7 | 1 of 5 | — | — |
Other systems in X-GOLF'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 X-GOLF’s numbers, including talking you out of a bad deal.