SBA 7(a)/504 FOIA · FY1991–PRESENT · VIRGINIA
Howard Johnson franchise in Virginia: what the public record shows
Franchisees of Howard Johnson in Virginia have taken 15 SBA loans in the FY1991–present FOIA files (average $1,309,666). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. Howard Johnson's national ratio is 0.9× (not clearly different from 1.0×).
Loans in VA
15
Charged off (all years)
3 of 14
Loss ratio in VA
—
Loss ratio nationally (not clear)
0.9×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = VA. 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.
| System | Loans in VA | Charged off (all years) | Loss ratio in VA | Units in VA |
|---|---|---|---|---|
| QUALITY INN | 60 | 4 of 39 | 0.9×NOT CLEAR | 56 |
| Super 8 | 50 | 0 of 26 | — | — |
| Days Inn | 47 | 8 of 33 | 1.4×NOT CLEAR | — |
| ECONO LODGE | 42 | 3 of 28 | — | 29 |
| Comfort Inn | 24 | 1 of 13 | — | — |
| Best Western Inn | 23 | 1 of 13 | — | — |
| Ramada Inn | 22 | 3 of 14 | — | — |
| Country Inn | 19 | 0 of 10 | — | 21 |
| Microtel | 15 | 4 of 11 | — | — |
| Motel 6 | 14 | 2 of 8 | — | — |
| Travelodge | 14 | 3 of 7 | — | — |
| CLARION HOTEL | 13 | 0 of 6 | — | 5 |
Other systems in Howard Johnson's sector whose franchisees borrowed in Virginia. 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 Howard Johnson’s numbers, including talking you out of a bad deal.