SBA 7(a)/504 FOIA · FY1991–PRESENT · TENNESSEE
SLEEP INN franchise in Tennessee: what the public record shows
Franchisees of SLEEP INN in Tennessee have taken 16 SBA loans since 1991 (average $1,618,263), and of the 12 loans whose story has ended, 8.3% were charged off — versus 10.2% for SLEEP INN nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 21 franchised outlets in Tennessee (fiscal 2025) — about 0.29 per 100k residents.
Loans in TN
16
Resolved
12
Local charge-off
8.3%
National charge-off
10.2%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = TN. 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.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 19 | 0 |
| 2024 | 19 | 0 |
| 2025 | 21 | 0 |
| System | Loans in TN | Local charge-off | Units in TN |
|---|---|---|---|
| Subway | 49 | 2.4% | 524 |
| DAIRY QUEEN | 35 | 7.7% | — |
| QUALITY INN | 30 | 11.8% | 69 |
| Matco Tools | 18 | 68.8% | — |
| ECONO LODGE | 14 | 40.0% | 35 |
| HOTWORX | 14 | thin | 26 |
| Country Inn | 13 | thin | 13 |
| Sport Clips | 13 | 0.0% | 46 |
| Blimpie | 12 | thin | — |
| JERSEY MIKE'S | 12 | thin | 69 |
| MASSAGE ENVY | 9 | thin | 23 |
| Plato'S Closet | 9 | thin | — |
Same sector, same state, same public records — how SLEEP INN compares to the systems a buyer in Tennessee 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. I'm paid by you — and the job is pressure-testing SLEEP INN's numbers, including talking you out of a bad deal.