SBA 7(a)/504 FOIA · FY1991–PRESENT · IOWA
Super 8 franchise in Iowa: what the public record shows
Franchisees of Super 8 in Iowa have taken 57 SBA loans in the FY1991–present FOIA files (average $880,591). Those approved through FY2020 defaulted at a rate not clearly different from franchise loans made in the same years nationally: 3 charge-offs among 40 resolved loans, where about 6.3 would be expected (0.5×). Super 8's national ratio is 0.6×.
Loans in IA
57
Charged off (all years)
3 of 46
Loss ratio in IA (not clear)
0.5×
Loss ratio nationally
0.6×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = IA. 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 IA | Charged off (all years) | Loss ratio in IA | Units in IA |
|---|---|---|---|---|
| Americinn | 17 | 0 of 10 | — | — |
| QUALITY INN | 16 | 1 of 9 | — | 31 |
| Days Inn | 14 | 3 of 9 | — | — |
| Holiday Inn | 8 | 0 of 3 | — | — |
| Ramada Inn | 8 | 1 of 5 | — | — |
| Baymont Inn & Suites | 7 | 0 of 6 | — | — |
| Holiday Inn Express | 7 | 1 of 6 | — | — |
| SLEEP INN | 5 | 0 of 2 | — | 11 |
Other systems in Super 8's sector whose franchisees borrowed in Iowa. 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.