SBA 7(a)/504 FOIA · FY1991–PRESENT · MICHIGAN
Iga Food Stores franchise in Michigan: what the public record shows
Franchisees of Iga Food Stores in Michigan have taken 5 SBA loans since 1991 (average $297,000)— 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 16.3% is the better guide.
Loans in MI
5
Resolved
5
Local charge-off
thin
National charge-off
16.3%
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.
| System | Loans in MI | Local charge-off | Units in MI |
|---|---|---|---|
| THE UPS STORE NON-TRADITIONAL | 50 | 10.7% | 134 |
| Save - a - Lot | 17 | thin | — |
| Play It Again Sports (Retail Sports) | 16 | 16.7% | — |
| Once Upon a Child | 13 | 0.0% | — |
| Batteries Plus Bulbs | 12 | thin | — |
| Naturals2Go | 8 | thin | — |
| Deck the Walls | 5 | thin | — |
| Music Go Round | 5 | thin | — |
Same sector, same state, same public records — how Iga Food Stores 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 Iga Food Stores's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →