What to know about Best Western franchise SBA loans
Best Western franchises project state SBA 7(a) loan approvals in 2020.
Best Western Franchise SBA Lending Highlights
2020 Year End
21 lenders approved 32 SBA 7(a) loans for $79,656,400. The average loan approval amount in 2020 was $2,489,263. SBA loans were approved to borrowers from 30 cities for projects in 16 states.
Historical
187 lenders approved 602 SBA 7(a) loans for $1,159,679,149. SBA loans were approved for borrowers from 455 cities, for projects in 44 states, with an average loan approval amount of $1,926,377.
SBA Rankings
#21 ranking in 2020 for all franchises in SBA loan approvals and #6 for approval amounts. For 2020 franchise loans in the Hotels and Motels industry Best Western ranks #4 for loan approvals and #5 for approval amounts.
Charge-offs (Defaults)
0.38% of loans were charged-off by SBA lenders for the 10-Year Period Ending 2019.
0% of loans were charged-off by SBA lenders for the 10-Year Period Ending 2018.
The difference between a charge-off and a default, and the SBA loan default paradox
Read our free SBA Franchise Report for Best Western for a full report, but below are a few highlights:
Historical SBA 7(a) Lending
Best Western Franchises
2020 Top 25 Franchise Brands
Hotels and Motels SBA 7(a) Loans
Loan Approvals
Approval Amounts
2020 Top 25 SBA Lenders
Best Western Franchise Loans
Loan Approvals
Approved Amounts
SBA 7(a) Lending Forecast
Our forecast model projects Best Western 2021 franchise SBA approvals at $84 million and for the Hotels and Motels industry we project $1.5 billion in SBA 7(a) approvals in 2021.
SBA Forecast: Best Western
SBA Forecast: Hotels and Motels
See our full (and free) SBA report on Best Western
This report has about everything a small business owner would want to know about SBA 7(a) loans to Best Western franchise businesses. See the top rankings, lenders, loan amounts, default data, forecasts, the top project states and borrower cities, and more.
