SBA 7(a)/504 FOIA · FY1991–PRESENT · MASSACHUSETTS
Howard Johnson franchise in Massachusetts: what the public record shows
Franchisees of Howard Johnson in Massachusetts have taken 5 SBA loans since 1991 (average $953,200)— 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 14.8% is the better guide.
Loans in MA
5
Resolved
2
Local charge-off
thin
National charge-off
14.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = MA. 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.
| System | Loans in MA | Local charge-off | Units in MA |
|---|---|---|---|
| Holiday Inn Express/Holiday Inn Express & Suites | 16 | thin | — |
| Comfort/ Comfort Inn & Suites/ Comfort Suites | 13 | 9.1% | — |
| Econo Lodge Motel | 13 | thin | — |
| Days Inn | 11 | thin | — |
| Super 8 Motel | 8 | thin | — |
Same sector, same state, same public records — how Howard Johnson compares to the systems a buyer in Massachusetts would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Howard Johnson's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →