Franchise brands › Courtyard by Marriott
Franchise brand53 approvals since FY2013
SBA loans to Courtyard by Marriott 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, 53 SBA loan approvals worth $211M carry the Courtyard by Marriott franchise code, 27 of them in FY2021 to FY2025.
In FY2025 there were 8. The average approval in the five-year window was $4.0M, and 18 of the approvals were 504 loans.
19 lenders made the FY2021 to FY2025 loans across 12 states; the most active were Millennium Bank (4), Empire State Certified Development Corporation (3) and Florida Business Development Corporation (3).
These are loans to independent franchise owners, not to 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* | 5 | $22.2M | $4.4M | 3 | 36 |
| FY2025 | 8 | $29.5M | $3.7M | 6 | 215 |
| FY2024 | 5 | $21.9M | $4.4M | 1 | 77 |
| FY2023 | 6 | $23.8M | $4.0M | 6 | 149 |
| FY2022 | 6 | $22.6M | $3.8M | 4 | 148 |
| FY2021 | 2 | — | — | 1 | 76 |
| FY2020 | 0 | — | — | 0 | 0 |
| FY2019 | 4 | $18.3M | $4.6M | 2 | 79 |
| FY2018 | 2 | — | — | 2 | 54 |
| FY2017 | 5 | $22.0M | $4.4M | 5 | 232 |
| FY2016 | 2 | — | — | 0 | 29 |
SBA's franchise field lists the brand as "COURTYARD BY MARRIOTT"; "Courtyard by Marriott". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Courtyard by Marriott | All SBA loans |
|---|---|---|
| Approvals in these years | 23 | 725,496 |
| Cancelled or never disbursed | 7 | 91,827 |
| Disbursed loans | 16 | 633,669 |
| Paid in full | 12 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 4 | 124,569 |
| Charged off, share of disbursed loans | too few loans | 6.0% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.2% |
| Dollars charged off | — | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Millennium BankDes Plaines, IL | 4 | $20.0M | 14.8% | |
| 2 | Empire State Certified Development CorporationLatham, NY · CDC | 3 | $13.8M | 11.1% | |
| 3 | Florida Business Development CorporationTampa, FL · CDC | 3 | $11.6M | 11.1% | |
| 4 | Success Capital Expansion & Development CorporationModesto, CA · CDC | 2 | — | 7.4% | |
| 5 | Advantage Certified Development CorporationLong Beach, CA · CDC | 1 | — | 3.7% | |
| 6 | Embassy National BankLawrenceville, GA | 1 | — | 3.7% | |
| 7 | Global One BankHouston, TX | 1 | — | 3.7% | |
| 8 | Business Initiative Corporation of New YorkBronx, NY · CDC | 1 | — | 3.7% | |
| 9 | New England Certified Development CorporationWakefield, MA · CDC | 1 | — | 3.7% | |
| 10 | LiftFund, Inc.San Antonio, TX · CDC | 1 | — | 3.7% | |
| 11 | Capital Certified Development CorporationAustin, TX · CDC | 1 | — | 3.7% | |
| 12 | Premier Capital CorporationIndianapolis, IN · CDC | 1 | — | 3.7% | |
| 13 | Brightbridge, Inc.Chattanooga, TN · CDC | 1 | — | 3.7% | |
| 14 | Great Lakes Commercial FinanceGrandville, MI · CDC | 1 | — | 3.7% | |
| 15 | South Eastern Economic Development Company of PennsylvaniaExton, PA · CDC | 1 | — | 3.7% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Illinois | 5 | 18.5% | |
| 2 | California | 4 | 14.8% | |
| 3 | New York | 3 | 11.1% | |
| 4 | Texas | 3 | 11.1% | |
| 5 | Florida | 2 | 7.4% | |
| 6 | Indiana | 2 | 7.4% | |
| 7 | Georgia | 2 | 7.4% | |
| 8 | Pennsylvania | 2 | 7.4% | |
| 9 | Connecticut | 1 | 3.7% | |
| 10 | Tennessee | 1 | 3.7% | |
| 11 | Michigan | 1 | 3.7% | |
| 12 | Kansas | 1 | 3.7% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 27 | 100.0% |
Approval sizes
- $350,001 to $1 million3.7%1
- Over $2 million96.3%26
Age of the businesses
- Existing, more than 2 years old40.7%11
- New business, 2 years or less18.5%5
- Startup, loan funds will open the business18.5%5
- Change of ownership22.2%6
Questions and answers
How many SBA loans go to Courtyard by Marriott franchises?
53 approvals since FY2013, worth $211M; 27 in FY2021 to FY2025.
Which lenders make SBA loans for Courtyard by Marriott franchises?
By approvals in FY2021 to FY2025: Millennium Bank (4), Empire State Certified Development Corporation (3), Florida Business Development Corporation (3), Success Capital Expansion & Development Corporation (2), Advantage Certified Development Corporation (1).
How large is a typical SBA loan for a Courtyard by Marriott franchise?
The average approval in FY2021 to FY2025 was $4.0M.
What share of Courtyard by Marriott SBA loans are charged off?
There are fewer than 30 disbursed loans from the matured approval years, too few for a rate.
Are SBA loans to Courtyard by Marriott franchises rising?
Volumes are too small to compare periods.
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