X-Golf Franchise Failure Rate
SBA 7(a) loan default data, FY2010–FY2019 · Updated 2026
X-Golf franchisees defaulted on 0.0% of SBA 7(a) loans between FY2010 and FY2019 — 0 of 17 loans were charged off — according to U.S. Small Business Administration data. That is lower than the All Other Amusement and Recreation Industries industry average of 9.9%.
- 0.0%SBA default rate, small sample0 of 17 loans
- 17loans resolvedapproved FY2010–FY2019
- 9.9%All Other Amusement and Recreation Industries averageall SBA loans in the industry
- 1st lowestindustry rankof 7 All Other Amusement and Recreation Industries brands
| SBA default rate | 0.0% (small sample) |
|---|---|
| Loans approved | 17 |
| Loans charged off | 0 |
| Date range | FY2010–FY2019 |
| Industry | All Other Amusement and Recreation Industries |
| Industry average | 9.9% |
| Data source | U.S. SBA 7(a) FOIA loan data |
Most SBA default figures published online use loans approved since 2020 — loans that have had six years or less to fail — so those rates are floors, not outcomes. Every rate on this site is computed from the matured FY2010–FY2019 cohort: loans that have been paid in full or charged off, so the result is settled. Loans approved since 2020 are shown as counts so early charge-offs are visible without being mistaken for a rate.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.
None of the 17 X-Golf SBA borrowers in the sample failed to repay — but 17 loans is too few to call a rate.
What is the X-Golf franchise failure rate on SBA loans?
X-Golf is a All Other Amusement and Recreation Industries franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to X-Golf franchisees: 17 loans approved between fiscal 2010 and 2019, of which 0 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.
- SBA 7(a) loans approved FY2010–FY201917
- Charged off0
- Charge-off rate (small sample)0.0%
- All Other Amusement and Recreation Industries franchise benchmark9.9%
- All-franchise SBA benchmark10.2%
- Average loan size, 2010s cohort$421,259
- New SBA loans since 2020123
- Early charge-offs since 20201
How does X-Golf compare with other All Other Amusement and Recreation Industries franchises?
The table sets X-Golf's charge-off rate beside its All Other Amusement and Recreation Industries peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable.
| Measure | X-Golf | All Other Amusement and Recreation Industries | All franchises | All SBA borrowers |
|---|---|---|---|---|
| Default (charge-off) rate | 0.0% (small sample) | 9.9% | 10.2% | 8.0% |
| Loans in sample | 17 | — | — | — |
| Defaults | 0 | — | — | — |
| Average loan size | $421,259 | — | — | — |
What has X-Golf SBA lending looked like since 2020?
Since 2020, X-Golf franchisees have taken 123 new SBA 7(a) loans. 1 has already charged off. Early defaults on loans under six years old are worth noting. Most SBA failures take longer to develop.
Loans approved since 2020, by fiscal year — counts only: 1 has charged off to date and most are still outstanding, so no rate is drawn.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
Show the numbers behind this chart
| Fiscal year | Loans | Charged off | Rate |
|---|---|---|---|
| FY2017 | 5 | 0 | 0.0% |
| FY2018 | 5 | 0 | 0.0% |
| FY2019 | 7 | 0 | 0.0% |
| FY2020 | 6 | — | outstanding |
| FY2021 | 37 | — | outstanding |
| FY2022 | 17 | — | outstanding |
| FY2023 | 39 | — | outstanding |
| FY2024 | 9 | — | outstanding |
| FY2025 | 13 | — | outstanding |
| FY2026 | 2 | — | outstanding |
How to read this
A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.
How reliable is this number?
X-Golf's figure rests on 17 resolved SBA 7(a) loans approved between fiscal 2010 and 2019. That cohort has matured, so the count is a settled outcome, not a projection. With 17 resolved loans, one default moves the rate by about 5.9 percentage points. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every X-Golf figure is recomputed from the public SBA FOIA file on each rebuild.
Small sample (17 loans). A single default moves this figure substantially.
Is X-Golf in financial trouble? What the SBA data shows
X-Golf's SBA 7(a) default rate was 0.0% for loans approved FY2010–FY2019 (0 of 17 loans charged off) — the lowest of 7 All Other Amusement and Recreation Industries brands tracked here. A default rate this far below the All Other Amusement and Recreation Industries average of 9.9% is not, on its own, a sign of distress. With only 17 loans in the sample, one default moves the rate by about 5.9 percentage points, so read it as a flag rather than a verdict.
Frequently asked
- What is X-Golf's franchise failure rate?
- X-Golf franchisees defaulted on 0.0% of SBA 7(a) loans between FY2010 and FY2019 — 0 of 17 loans were charged off — according to U.S. Small Business Administration data. That is lower than the All Other Amusement and Recreation Industries industry average of 9.9%.
- How does X-Golf compare to other All Other Amusement and Recreation Industries franchises?
- X-Golf's 0.0% SBA default rate is lower than the All Other Amusement and Recreation Industries industry average of 9.9%. See every All Other Amusement and Recreation Industries franchise ranked on the All Other Amusement and Recreation Industries industry page. All Other Amusement and Recreation Industries franchises →
- What does 'SBA default rate' mean?
- An SBA default rate is the share of SBA 7(a) loans, approved FY2010–FY2019 and since resolved (paid in full or charged off), that were charged off — written off after the borrower failed to repay. It is not a measure of unit closures.
Source
Source: U.S. Small Business Administration, 7(a) loan program charge-off data, FY2010–FY2019. Franchise data is matched on the SBA's franchise code / brand name. "Failure rate" here means the share of approved loans (resolved: paid in full or charged off) that were charged off; it is not a measure of unit closures. Last updated September 30, 2026.
Every brand in one table, with percentiles and breakdowns by year, industry and loan size: franchise SBA default rates, all 415 brands.
Cite this page
Franchise Default Rates (2026). X-Golf franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 0.0% (0 of 17 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/franchise/x-golf/ · Data & methodology · Download the dataset (CSV)