Franchise brands › Comfort Suites by Choice Hotels
Franchise brand135 approvals since FY2013
SBA loans to Comfort Suites by Choice Hotels franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2013, 135 SBA loan approvals worth $446M carry the Comfort Suites by Choice Hotels franchise code, 76 of them in FY2021 to FY2025.
In FY2025 there were 12. The average approval in the five-year window was $3.5M, and 17 of the approvals were 504 loans.
40 lenders made the FY2021 to FY2025 loans across 22 states; the most active were GBank (9), Readycap Lending, LLC (5) and First Western SBLC, LLC (5).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 1.8% as charged off, below the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 18 | $62.9M | $3.5M | 4 | 166 |
| FY2025 | 12 | $47.1M | $3.9M | 2 | 142 |
| FY2024 | 6 | $15.3M | $2.5M | 4 | 47 |
| FY2023 | 14 | $50.1M | $3.6M | 1 | 126 |
| FY2022 | 25 | $84.0M | $3.4M | 7 | 283 |
| FY2021 | 19 | $70.4M | $3.7M | 3 | 250 |
| FY2020 | 14 | $39.5M | $2.8M | 4 | 231 |
| FY2019 | 14 | $33.6M | $2.4M | 9 | 170 |
| FY2018 | 7 | $28.7M | $4.1M | 1 | 101 |
| FY2017 | 2 | — | — | 2 | 17 |
| FY2016 | 2 | — | — | 2 | 40 |
SBA's franchise field lists the brand as "Comfort Suites by Choice Hotels". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Comfort Suites by Choice Hotels | All SBA loans |
|---|---|---|
| Approvals in these years | 60 | 725,496 |
| Cancelled or never disbursed | 4 | 91,827 |
| Disbursed loans | 56 | 633,669 |
| Paid in full | 25 | 471,304 |
| Charged off | 1 | 37,796 |
| Still outstanding (status exempt from disclosure) | 30 | 124,569 |
| Charged off, share of disbursed loans | 1.8% | 6.0% |
| Dollars charged off, share of disbursed dollars | 0.9% | 2.2% |
| Dollars charged off | $1.6M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | GBankLas Vegas, NV | 9 | $38.4M | 11.8% | |
| 2 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $18.9M | 6.6% | |
| 3 | First Western SBLC, LLCDallas, TX | 5 | $16.9M | 6.6% | |
| 4 | Shoreham BankWarwick, RI | 4 | $17.9M | 5.3% | |
| 5 | Commonwealth Business BankLos Angeles, CA | 4 | $16.8M | 5.3% | |
| 6 | US Metro BankGarden Grove, CA | 4 | $11.2M | 5.3% | |
| 7 | Celtic Bank CorporationSalt Lake City, UT | 3 | $11.5M | 3.9% | |
| 8 | Peoples BankMendenhall, MS | 3 | $11.1M | 3.9% | |
| 9 | Bank of HopeLos Angeles, CA | 2 | — | 2.6% | |
| 10 | Open BankLos Angeles, CA | 2 | — | 2.6% | |
| 11 | The Huntington National BankColumbus, OH | 2 | — | 2.6% | |
| 12 | Alloy Development Co., Inc.Cincinnati, OH · CDC | 2 | — | 2.6% | |
| 13 | Business Expansion Funding CorporationCharlotte, NC · CDC | 2 | — | 2.6% | |
| 14 | Metro City BankDoraville, GA | 1 | — | 1.3% | |
| 15 | PromiseOne BankDuluth, GA | 1 | — | 1.3% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 22 | 28.9% | |
| 2 | Georgia | 8 | 10.5% | |
| 3 | Louisiana | 6 | 7.9% | |
| 4 | Ohio | 5 | 6.6% | |
| 5 | Illinois | 4 | 5.3% | |
| 6 | Wisconsin | 3 | 3.9% | |
| 7 | Indiana | 3 | 3.9% | |
| 8 | North Carolina | 3 | 3.9% | |
| 9 | New Mexico | 3 | 3.9% | |
| 10 | Alabama | 2 | 2.6% | |
| 11 | Florida | 2 | 2.6% | |
| 12 | New Jersey | 2 | 2.6% | |
| 13 | South Carolina | 2 | 2.6% | |
| 14 | Nebraska | 2 | 2.6% | |
| 15 | New York | 2 | 2.6% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 76 | 100.0% |
Approval sizes
- $150,001 to $350,0001.3%1
- $350,001 to $1 million1.3%1
- $1 million to $2 million9.2%7
- Over $2 million88.2%67
Age of the businesses
- Existing, more than 2 years old22.4%17
- New business, 2 years or less27.6%21
- Startup, loan funds will open the business15.8%12
- Change of ownership34.2%26
Questions and answers
How many SBA loans go to Comfort Suites by Choice Hotels franchises?
135 approvals since FY2013, worth $446M; 76 in FY2021 to FY2025.
Which lenders make SBA loans for Comfort Suites by Choice Hotels franchises?
By approvals in FY2021 to FY2025: GBank (9), Readycap Lending, LLC (5), First Western SBLC, LLC (5), Shoreham Bank (4), Commonwealth Business Bank (4).
How large is a typical SBA loan for a Comfort Suites by Choice Hotels franchise?
The average approval in FY2021 to FY2025 was $3.5M.
What share of Comfort Suites by Choice Hotels SBA loans are charged off?
Of 56 disbursed loans approved in FY2010 to FY2021, 1 (1.8%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Comfort Suites by Choice Hotels franchises rising?
Approvals in the three latest complete fiscal years total 32, against 58 in the three before: falling (-45%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error