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 since 1991 (average $362,217), and of the 16 loans whose story has ended, 0.0% were charged off — versus 3.0% for X-GOLF nationally and 14.8% across all rateable franchise brands. 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
Resolved
16
Local charge-off
0.0%
National charge-off
3.0%
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.
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 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2018 | 8 | 0 |
| 2019 | 9 | 0 |
| 2020 | 10 | 0 |
| 2023 | 15 | — |
| 2024 | 15 | — |
| 2025 | 15 | — |
| System | Loans in MI | Local charge-off | Units in MI |
|---|---|---|---|
| Pump It Up | 7 | thin | — |
Same sector, same state, same public records — how X-GOLF 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 X-GOLF's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →