Franchise brands › Holiday Inn Express
Franchise brand454 approvals since FY2010
SBA loans to Holiday Inn Express 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.
SBA lists 454 loan approvals since FY2010 under the Holiday Inn Express franchise brand, worth $1.44bn; 172 of them came in FY2021 to FY2025.
In FY2025 there were 39, up 26% on FY2024. The average approval in the five-year window was $3.7M, and 93 of the approvals were 504 loans.
50 lenders made the FY2021 to FY2025 loans across 40 states; the most active were GBank (10), Mortgage Capital Development Corporation (7) and First Western SBLC, LLC (7).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 0.0% 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* | 27 | $102M | $3.8M | 9 | 386 |
| FY2025 | 39 | $152M | $3.9M | 27 | 606 |
| FY2024 | 31 | $111M | $3.6M | 19 | 408 |
| FY2023 | 25 | $93.6M | $3.7M | 14 | 305 |
| FY2022 | 46 | $161M | $3.5M | 24 | 662 |
| FY2021 | 31 | $122M | $3.9M | 9 | 496 |
| FY2020 | 28 | $86.9M | $3.1M | 15 | 387 |
| FY2019 | 28 | $96.1M | $3.4M | 13 | 475 |
| FY2018 | 21 | $69.0M | $3.3M | 11 | 304 |
| FY2017 | 10 | $30.5M | $3.1M | 10 | 178 |
| FY2016 | 11 | $33.3M | $3.0M | 10 | 204 |
SBA's franchise field lists the brand as "HOLIDAY INN EXPRESS"; "Holiday Inn Express/Holiday Inn Express & Suites". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Holiday Inn Express | All SBA loans |
|---|---|---|
| Approvals in these years | 286 | 725,496 |
| Cancelled or never disbursed | 48 | 91,827 |
| Disbursed loans | 238 | 633,669 |
| Paid in full | 150 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 88 | 124,569 |
| Charged off, share of disbursed loans | 0.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 0.0% | 2.2% |
| Dollars charged off | $0 | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | GBankLas Vegas, NV | 10 | $48.2M | 5.8% | |
| 2 | Mortgage Capital Development CorporationOakland, CA · CDC | 7 | $31.0M | 4.1% | |
| 3 | First Western SBLC, LLCDallas, TX | 7 | $22.8M | 4.1% | |
| 4 | Shoreham BankWarwick, RI | 6 | $25.0M | 3.5% | |
| 5 | Florida Business Development CorporationTampa, FL · CDC | 6 | $23.4M | 3.5% | |
| 6 | Wallis BankWallis, TX | 6 | $20.2M | 3.5% | |
| 7 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 6 | $18.1M | 3.5% | |
| 8 | Bank of HopeLos Angeles, CA | 5 | $25.0M | 2.9% | |
| 9 | US Metro BankGarden Grove, CA | 5 | $24.4M | 2.9% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 4 | $19.8M | 2.3% | |
| 11 | TowneBankPortsmouth, VA | 4 | $13.5M | 2.3% | |
| 12 | Alloy Development Co., Inc.Cincinnati, OH · CDC | 4 | $12.6M | 2.3% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $15.0M | 1.7% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $14.3M | 1.7% | |
| 15 | Nebraska Economic Development CorporationLincoln, NE · CDC | 3 | $11.0M | 1.7% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 40 | 23.3% | |
| 2 | Ohio | 14 | 8.1% | |
| 3 | California | 11 | 6.4% | |
| 4 | Georgia | 9 | 5.2% | |
| 5 | Illinois | 8 | 4.7% | |
| 6 | North Carolina | 7 | 4.1% | |
| 7 | Pennsylvania | 7 | 4.1% | |
| 8 | Michigan | 6 | 3.5% | |
| 9 | Indiana | 5 | 2.9% | |
| 10 | Nebraska | 4 | 2.3% | |
| 11 | Utah | 4 | 2.3% | |
| 12 | Wisconsin | 4 | 2.3% | |
| 13 | New Jersey | 3 | 1.7% | |
| 14 | South Carolina | 3 | 1.7% | |
| 15 | Kansas | 3 | 1.7% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 172 | 100.0% |
Approval sizes
- $50,000 or less1.2%2
- $350,001 to $1 million2.3%4
- $1 million to $2 million9.3%16
- Over $2 million87.2%150
Age of the businesses
- Existing, more than 2 years old32.6%56
- New business, 2 years or less15.1%26
- Startup, loan funds will open the business28.5%49
- Change of ownership23.8%41
Questions and answers
How many SBA loans go to Holiday Inn Express franchises?
454 approvals since FY2010, worth $1.44bn; 172 in FY2021 to FY2025.
Which lenders make SBA loans for Holiday Inn Express franchises?
By approvals in FY2021 to FY2025: GBank (10), Mortgage Capital Development Corporation (7), First Western SBLC, LLC (7), Shoreham Bank (6), Florida Business Development Corporation (6).
How large is a typical SBA loan for a Holiday Inn Express franchise?
The average approval in FY2021 to FY2025 was $3.7M.
What share of Holiday Inn Express SBA loans are charged off?
Of 238 disbursed loans approved in FY2010 to FY2021, 0 (0.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Holiday Inn Express franchises rising?
Approvals in the three latest complete fiscal years total 95, against 105 in the three before: falling (-10%).
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