SBA Loans for Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels Franchises
Who actually funds Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021–2026.
Top lenders funding Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels SBA loans
Ranked by number of Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | GBank | 18 | $39.7M | $2.2M |
| 2 | Peoples Bank | 12 | $26.3M | $2.2M |
| 3 | Celtic Bank Corporation | 7 | $11.3M | $1.6M |
| 4 | Millennium Bank | 6 | $9.4M | $1.6M |
| 4 | US Metro Bank | 6 | $10.2M | $1.7M |
| 6 | The Huntington National Bank | 5 | $9.7M | $1.9M |
| 7 | Commercial Bank of California | 4 | $7.9M | $2.0M |
| 7 | United Midwest Savings Bank National Association | 4 | $7.3M | $1.8M |
| 9 | Shoreham Bank | 3 | $5.6M | $1.9M |
| 9 | First Western SBLC, Inc | 3 | $4.1M | $1.4M |
| 9 | State Bank of Texas | 3 | $3.0M | $1.0M |
| 12 | Coulee Bank | 2 | $4.8M | $2.4M |
| 12 | Enterprise Bank & Trust | 2 | $3.0M | $1.5M |
| 12 | Golden Bank National Association | 2 | $5.1M | $2.5M |
| 12 | Commonwealth Business Bank | 2 | $2.4M | $1.2M |
| 12 | VelocitySBA, LLC | 2 | $4.4M | $2.2M |
| 12 | Wallis Bank | 2 | $4.9M | $2.4M |
| 12 | PromiseOne Bank | 2 | $2.2M | $1.1M |
| 12 | Peapack Private Bank and Trust | 2 | $5.3M | $2.6M |
| 12 | Readycap Lending, LLC | 2 | $2.4M | $1.2M |
| 12 | Embassy National Bank | 2 | $3.1M | $1.5M |
Source: SBA FOIA 7(a) loan-level data, 2021–2026. Shows lenders with at least one approved Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels loan in this period, ranked by loan count.
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| NC | 8 | $22.6M | $2.8M |
| GA | 10 | $21.2M | $2.1M |
| TX | 11 | $16.4M | $1.5M |
| VA | 4 | $10.6M | $2.6M |
| MI | 6 | $10.4M | $1.7M |
| CO | 5 | $9.6M | $1.9M |
| MN | 4 | $8.9M | $2.2M |
| PA | 6 | $8.8M | $1.5M |
| IL | 5 | $8.4M | $1.7M |
| OH | 5 | $8.1M | $1.6M |
| CA | 3 | $7.9M | $2.6M |
| KY | 4 | $7.7M | $1.9M |
| AZ | 4 | $5.7M | $1.4M |
| FL | 2 | $5.1M | $2.6M |
| SC | 3 | $5.1M | $1.7M |
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels SBA loans by year
SBA lender notes for Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotelsfrom the SBA Franchise Directory
If Applicant also operates under a management agreement with a third party, Lender/CDC must review the management agreement in accordance with SOP 50 10 to determine if there is affiliation between the Applicant and the management company. The Applicant is not eligible if the management company is, or is affiliated with, the franchisor.
How to use this
The lenders above have actually closed SBA 7(a) loans for Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in — we match your Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels deal to a lender currently funding this brand.
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