M
SBA 7(a) franchise lending
Michigan
MI
- Total loans
- 3,994
- Loan volume
- $1.8B
- Charge-off rate
- 14.5%
- Jobs created
- 56,959
Defaults
405
Avg interest
6.97%
Job velocity
3.1
per $100K loaned
Franchises active
1,175
Highest charge-off rates in Michigan
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Image Sun | 8 | charge-off rate: 87.5% | 68.8% |
| Bellacino's Pizza | 5 | charge-off rate: 80.0% | 40.7% |
| MAACO Auto Painting Center | 8 | charge-off rate: 62.5% | 20.9% |
| Sylvan Learning Center | 8 | charge-off rate: 62.5% | 25.9% |
| Cold Stone Creamery, Inc. | 21 | charge-off rate: 61.9% | 33.9% |
| Papa Murphy's Take & Bake Pizz | 5 | charge-off rate: 60.0% | 5.3% |
| Ritter's Frozen Custard | 5 | charge-off rate: 60.0% | 29.4% |
| Chem-Dry | 5 | charge-off rate: 60.0% | 29.4% |
| Buffalo Wings & Rings | 5 | charge-off rate: 60.0% | 39.5% |
| Wireless Toyz | 7 | charge-off rate: 57.1% | 65.6% |
Lowest charge-off rates in Michigan
| Franchise | Loans | Default % |
|---|---|---|
| Comfort Inn | 5 | charge-off rate: 0.0% |
| Shell Service Station | 5 | charge-off rate: 0.0% |
| Tuffy Muffler Center | 7 | charge-off rate: 0.0% |
| Jimmy John's | 41 | charge-off rate: 0.0% |
| General Nutrition Center | 7 | charge-off rate: 0.0% |
| Jets Pizza | 30 | charge-off rate: 0.0% |
| Ram's Horn | 5 | charge-off rate: 0.0% |
| Dairy Queen | 15 | charge-off rate: 0.0% |
| Powerhouse Gyms | 10 | charge-off rate: 0.0% |
| Mcdonald's | 5 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Limited-Service Restaurants722513 | 458 | $231.5M | charge-off rate: 5.9% | |
| Limited-Service Restaurants722211 | 358 | $92.0M | charge-off rate: 19.7% | |
| Hotels & Motels721110 | 248 | $516.1M | charge-off rate: 8.4% | |
| Fitness & Recreational Sports713940 | 222 | $70.4M | charge-off rate: 11.5% | |
| Snack & Beverage Bars722515 | 161 | $49.5M | charge-off rate: 4.8% | |
| Full-Service Restaurants722511 | 136 | $49.9M | charge-off rate: 3.7% | |
| Full-Service Restaurants722110 | 118 | $35.1M | charge-off rate: 20.3% | |
| Hardware Stores444130 | 69 | $30.2M | charge-off rate: 19.0% | |
| Home Health Care Services621610 | 60 | $14.8M | charge-off rate: 2.9% | |
| Other Personal Care Services812199 | 58 | $19.6M | charge-off rate: 28.6% |
Franchise lending volume by year
12'92
21
32
75
65
67'97
44
41
68
63
104'02
147
161
147
56
91'07
88
55
63
59
90'12
102
156
202
199
181'17
185
203
160
235
208'22
208
170
190
46'26
Michigan charge-off rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Job velocity = jobs created per $100K loaned.
Frequently asked questions
- How many SBA 7(a) franchise loans has Michigan received?
- 3,994 loans totaling $1846.3M, with 405 charged off. The statewide charge-off rate is 14.5%.
- What is a charge-off rate and how should I interpret it?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Rates materially above that suggest higher-risk franchise selection or weaker borrower vetting in this state.
- Which franchise brands perform best and worst in Michigan?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in Michigan by their statewide loan performance. Click any brand for full FDD-disclosed financials and nationwide SBA history.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.