What to know about Red Roof Inn franchise SBA loans
Red Roof Inn franchises project state SBA 7(a) loan approvals in 2020.
Red Roof Inn Franchise SBA Lending Highlights
2020 Year End
16 lenders approved 31 SBA 7(a) loans for $76,024,300. The average loan approval amount in 2020 was $2,452,397. SBA loans were approved to borrowers from 30 cities for projects in 15 states.
Historical
102 lenders approved 265 SBA 7(a) loans for $536,491,600. SBA loans were approved for borrowers from 192 cities, for projects in 31 states, with an average loan approval amount of $2,024,497.
SBA Rankings
#25 ranking in 2020 for all franchises in SBA loan approvals and #7 approval amounts. For 2020 franchise loans in the Hotels and Motels industry Red Roof Inn ranks #6 for loan approvals and #6 for approval amounts.
Charge-offs (Defaults)
0.51% 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 Red Roof Inn for a full report, but below are a few highlights:
Historical SBA 7(a) Lending
Red Roof Inn Franchises
2020 Top 25 Franchise Brands
Hotels and Motels SBA 7(a) Loans
Loan Approvals
Approval Amounts
2020 Top 25 SBA Lenders
Red Roof Inn Franchise Loans
Loan Approvals
Approved Amounts
SBA 7(a) Lending Forecast
Our forecast model projects Red Roof Inn 2021 franchise SBA approvals at $89 million and for the Hotels and Motels industry we project $1.5 billion in SBA 7(a) approvals in 2021.
SBA Forecast: Red Roof Inn
SBA Forecast: Hotels and Motels
See our full (and free) SBA report on Red Roof Inn
This report has about everything a small business owner would want to know about SBA 7(a) loans to Red Roof Inn franchise businesses. See the top rankings, lenders, loan amounts, default data, forecasts, the top project states and borrower cities, and more.
