SBA 7(a)/504 FOIA · FY1991–PRESENT · RHODE ISLAND
Holiday Inn Express/Holiday Inn Express & Suites franchise in Rhode Island: what the public record shows
Franchisees of Holiday Inn Express/Holiday Inn Express & Suites in Rhode Island have taken 5 SBA loans since 1991 (average $2,216,000)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 11.7% is the better guide.
Loans in RI
5
Resolved
2
Local charge-off
thin
National charge-off
11.7%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = RI. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor of 30 loans.
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