SBA 7(a)/504 FOIA · FY1991–PRESENT · SOUTH DAKOTA
KOA franchise in South Dakota: what the public record shows
Franchisees of KOA in South Dakota have taken 5 SBA loans in the FY1991–present FOIA files (average $277,600). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. KOA's national ratio is 0.2×. Its latest FDD Item 20 state table reports 14 franchised outlets in South Dakota (fiscal 2025) — about 1.52 per 100k residents.
Loans in SD
5
Charged off (all years)
0 of 4
Loss ratio in SD
—
Loss ratio nationally
0.2×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = SD. 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 | 13 | — |
| 2024 | 13 | — |
| 2025 | 14 | — |
| System | Loans in SD | Charged off (all years) | Loss ratio in SD | Units in SD |
|---|---|---|---|---|
| Super 8 | 28 | 0 of 21 | — | — |
| Comfort Inn | 13 | 0 of 9 | — | — |
| Days Inn | 12 | 0 of 9 | — | — |
| QUALITY INN | 7 | 0 of 4 | — | 13 |
| Americinn | 6 | 0 of 3 | — | — |
Other systems in KOA's sector whose franchisees borrowed in South Dakota. 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 KOA’s numbers, including talking you out of a bad deal.