SBA 7(a)/504 FOIA · FY1991–PRESENT · MASSACHUSETTS
ECONO LODGE franchise in Massachusetts: what the public record shows
Franchisees of ECONO LODGE in Massachusetts have taken 13 SBA loans in the FY1991–present FOIA files (average $1,204,331). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. ECONO LODGE's national ratio is 0.7×. Its latest FDD Item 20 state table reports 5 franchised outlets in Massachusetts (fiscal 2025) — about 0.07 per 100k residents.
Loans in MA
13
Charged off (all years)
1 of 9
Loss ratio in MA
—
Loss ratio nationally
0.7×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MA. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 6 | — |
| 2024 | 5 | — |
| 2025 | 5 | — |
| System | Loans in MA | Charged off (all years) | Loss ratio in MA | Units in MA |
|---|---|---|---|---|
| Holiday Inn Express | 12 | 0 of 6 | — | — |
| Comfort Inn | 11 | 1 of 9 | — | — |
| Days Inn | 11 | 0 of 6 | — | — |
| Super 8 | 8 | 0 of 8 | — | — |
| Howard Johnson | 5 | 0 of 2 | — | — |
Other systems in ECONO LODGE's sector whose franchisees borrowed in Massachusetts. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing ECONO LODGE’s numbers, including talking you out of a bad deal.