SBA 7(a)/504 FOIA · FY1991–PRESENT · ILLINOIS
Super 8 franchise in Illinois: what the public record shows
Franchisees of Super 8 in Illinois have taken 105 SBA loans in the FY1991–present FOIA files (average $1,276,157). Those approved through FY2020 defaulted at a rate not clearly different from franchise loans made in the same years nationally: 9 charge-offs among 61 resolved loans, where about 10 would be expected (0.9×). Super 8's national ratio is 0.6×.
Loans in IL
105
Charged off (all years)
9 of 69
Loss ratio in IL (not clear)
0.9×
Loss ratio nationally
0.6×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IL. 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 IL | Charged off (all years) | Loss ratio in IL | Units in IL |
|---|---|---|---|---|
| Days Inn | 50 | 9 of 33 | 1.5×NOT CLEAR | — |
| Best Western Inn | 39 | 7 of 23 | — | — |
| QUALITY INN | 37 | 2 of 17 | — | 51 |
| Comfort Inn | 32 | 1 of 19 | — | — |
| Holiday Inn Express | 29 | 5 of 15 | — | — |
| Motel 6 | 28 | 0 of 18 | — | — |
| Baymont Inn & Suites | 24 | 3 of 14 | — | — |
| Ramada Inn | 24 | 2 of 15 | — | — |
| Red Roof Inn | 24 | 0 of 13 | — | — |
| Country Inn | 19 | 2 of 10 | — | 24 |
| ECONO LODGE | 19 | 2 of 12 | — | 12 |
| Hampton Inns | 19 | 1 of 8 | — | — |
Other systems in Super 8's sector whose franchisees borrowed in Illinois. 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 Super 8’s numbers, including talking you out of a bad deal.