MICHIGAN · SBA 7(a)/504 FOIA · FY1991–PRESENT

Franchises in Michigan: the loan record

Since 1991, banks have made 3,332 SBA-backed loans to franchisees of 208 different brands in Michigan. Of the loans already resolved, 13.0% were charged off — 12% below the national franchise baseline of 14.8%. This page is not a directory of who paid to be listed; it is what actually happened to the people who bought franchises here, according to the federal loan record.

3,332

SBA loans since 1991

208

Brands financed

13.0%

Local charge-off rate

32.9

Loans per 100k residents

The most-financed brands in Michigantop 50 by loan count

#	Brand	Loans	Local charge-off	Deep dive
1	Subway	184	6.4%	LOCAL RECORD →
2	Biggby Coffee	150	2.8%	LOCAL RECORD →
3	Culver's	89	3.9%	LOCAL RECORD →
4	Ace Hardware	77	13.6%	LOCAL RECORD →
5	Jimmy John's	72	0.0%	LOCAL RECORD →
6	Jets Pizza	71	0.0%	LOCAL RECORD →
7	Quiznos	71	20.6%	LOCAL RECORD →
8	Super 8	58	23.8%	LOCAL RECORD →
9	DAIRY QUEEN	56	6.9%THIN	LOCAL RECORD →
10	THE UPS STORE NON-TRADITIONAL	50	10.7%THIN	LOCAL RECORD →
11	ANYTIME FITNESS	44	7.1%THIN	LOCAL RECORD →
12	Tropical Smoothie Cafe	42	0.0%	LOCAL RECORD →
13	BIG BOY	38	8.6%	LOCAL RECORD →
14	Little Ceasar'S Pizza	37	6.7%	LOCAL RECORD →
15	SERVPRO	37	4.3%THIN	LOCAL RECORD →
16	Two Men and a Truck	35	12.5%THIN	LOCAL RECORD →
17	Comfort/ Comfort Inn & Suites/ Comfort Suites	34	12.0%THIN	LOCAL RECORD →
18	Dunkin Donuts/Baskin-Robbins Co-Brand	34	26.9%THIN	LOCAL RECORD →
19	Red Roof Inn	34	5.0%THIN	LOCAL RECORD →
20	X-GOLF	34	0.0%THIN	LOCAL RECORD →
21	Holiday Inn Express	33	0.0%THIN	LOCAL RECORD →
22	Hungry Howie'S	31	5.9%THIN	LOCAL RECORD →
23	Fantastic Sams	30	34.8%THIN	LOCAL RECORD →
24	Matco Tools	30	50.0%THIN	LOCAL RECORD →
25	Sunoco Service Station	30	14.3%THIN	LOCAL RECORD →
26	Mail Boxes Etc. Usa	29	8.0%THIN	LOCAL RECORD →
27	QUALITY INN	29	15.8%THIN	LOCAL RECORD →
28	Arby's	28	11.1%THIN	LOCAL RECORD →
29	Domino's Pizza	28	11.1%THIN	LOCAL RECORD →
30	Blimpie	27	33.3%THIN	LOCAL RECORD →
31	GREAT CLIPS	27	0.0%THIN	LOCAL RECORD →
32	Best Western Inn	26	16.7%THIN	LOCAL RECORD →
33	MENCHIE'S	26	12.5%THIN	LOCAL RECORD →
34	Snap Fitness	26	0.0%THIN	LOCAL RECORD →
35	ECONO LODGE	25	10.5%THIN	LOCAL RECORD →
36	Firehouse Subs	25	11.8%THIN	LOCAL RECORD →
37	KILWINS	25	0.0%THIN	LOCAL RECORD →
38	Little Caesars	25	—	LOCAL RECORD →
39	Cold Stone Creamery	24	56.5%THIN	LOCAL RECORD →
40	Burger King	23	13.6%THIN	LOCAL RECORD →
41	Marco's Pizza	22	18.8%THIN	LOCAL RECORD →
42	Orangetheory	22	9.1%THIN	LOCAL RECORD →
43	Big Apple Bagels	21	20.0%THIN	LOCAL RECORD →
44	JERSEY MIKE'S	20	—	LOCAL RECORD →
45	Camp Bow Wow	19	—	LOCAL RECORD →
46	Midas Muffler Shop	19	0.0%THIN	LOCAL RECORD →
47	Mobil Oil (Stations)	19	—	LOCAL RECORD →
48	Fedex Ground	18	0.0%THIN	LOCAL RECORD →
49	Little Caesar Pizza	18	0.0%THIN	LOCAL RECORD →
50	Ramada Inn	17	45.5%THIN	LOCAL RECORD →

Worst loan records in Michiganhighest local charge-off rate

Cold Stone Creamery	13 of 23 defaulted	56.5%THIN
Matco Tools	14 of 28 defaulted	50.0%THIN
Ramada Inn	5 of 11 defaulted	45.5%THIN
Fantastic Sams	8 of 23 defaulted	34.8%THIN
Blimpie	7 of 21 defaulted	33.3%THIN
Curves for Women	5 of 15 defaulted	33.3%THIN
Dunkin Donuts/Baskin-Robbins Co-Brand	7 of 26 defaulted	26.9%THIN
Super 8	10 of 42 defaulted	23.8%
Quiznos	13 of 63 defaulted	20.6%
Big Apple Bagels	4 of 20 defaulted	20.0%THIN
Marco's Pizza	3 of 16 defaulted	18.8%THIN
Best Western Inn	3 of 18 defaulted	16.7%THIN
Play It Again Sports	2 of 12 defaulted	16.7%THIN
QUALITY INN	3 of 19 defaulted	15.8%THIN
Days Inn	2 of 13 defaulted	15.4%THIN

Best loan records in Michiganlowest local charge-off rate

Jets Pizza	0 of 56 defaulted	0.0%
Jimmy John's	0 of 43 defaulted	0.0%
Tropical Smoothie Cafe	0 of 33 defaulted	0.0%
Snap Fitness	0 of 20 defaulted	0.0%THIN
Holiday Inn Express	0 of 18 defaulted	0.0%THIN
GREAT CLIPS	0 of 17 defaulted	0.0%THIN
Fedex Ground	0 of 16 defaulted	0.0%THIN
X-GOLF	0 of 16 defaulted	0.0%THIN
KILWINS	0 of 15 defaulted	0.0%THIN
Little Caesar Pizza	0 of 14 defaulted	0.0%THIN
Midas Muffler Shop	0 of 13 defaulted	0.0%THIN
Planet Fitness	0 of 13 defaulted	0.0%THIN
F45 Training	0 of 11 defaulted	0.0%THIN
Once Upon a Child	0 of 11 defaulted	0.0%THIN
True Value Hardware	0 of 10 defaulted	0.0%THIN

Methodology & sourcing

Every SBA 7(a) and 504 loan in the FY1991–present FOIA files (data.sba.gov) whose borrower is matched to a franchise brand and whose borrower state is Michigan. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); still-open loans never dilute the rate. A local rate prints only at 10+ resolved loans in-state, and is marked THIN below 30 — directional, not a verdict. Local conditions, lender mix, and era all sit inside these numbers; read a brand's national record and its FDD before concluding anything. Brand links lead to the full sourced profile; “local record” links to the brand's Michigan loan page.

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