SBA 7(a)/504 FOIA · FY1991–PRESENT · NORTH CAROLINA
Microtel franchise in North Carolina: what the public record shows
Franchisees of Microtel in North Carolina have taken 42 SBA loans in the FY1991–present FOIA files (average $1,720,136). Those approved through FY2020 defaulted at a rate not clearly different from franchise loans made in the same years nationally: 6 charge-offs among 33 resolved loans, where about 4.9 would be expected (1.2×). Microtel's national ratio is 1.2× (not clearly different from 1.0×).
Loans in NC
42
Charged off (all years)
6 of 33
Loss ratio in NC (not clear)
1.2×
Loss ratio nationally (not clear)
1.2×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NC. 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 NC | Charged off (all years) | Loss ratio in NC | Units in NC |
|---|---|---|---|---|
| Days Inn | 97 | 9 of 63 | 0.9×NOT CLEAR | — |
| QUALITY INN | 89 | 1 of 51 | 0.2× | 73 |
| Super 8 | 65 | 3 of 43 | 0.4×NOT CLEAR | — |
| Best Western Inn | 39 | 2 of 24 | — | — |
| ECONO LODGE | 38 | 0 of 23 | — | 33 |
| Holiday Inn Express | 38 | 0 of 23 | — | — |
| Comfort Inn | 37 | 3 of 24 | — | — |
| SLEEP INN | 26 | 0 of 16 | — | 27 |
| Choice Hotels International | 24 | 4 of 21 | — | — |
| Red Roof Inn | 21 | 0 of 12 | — | — |
| Baymont Inn & Suites | 19 | 2 of 12 | — | — |
| Hampton Inns | 19 | 2 of 14 | — | — |
Other systems in Microtel's sector whose franchisees borrowed in North Carolina. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
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