Franchise brands › Sleep Inn
Franchise brand221 approvals since FY2013
SBA loans to Sleep Inn 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 221 loan approvals since FY2013 under the Sleep Inn franchise brand, worth $613M; 81 of them came in FY2021 to FY2025.
In FY2025 there were 15, up 25% on FY2024. The average approval in the five-year window was $3.1M, and 18 of the approvals were 504 loans.
40 lenders made the FY2021 to FY2025 loans across 29 states; the most active were GBank (20), Celtic Bank Corporation (5) and First Western SBLC, LLC (3).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 2.0% 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* | 7 | $28.8M | $4.1M | 0 | 78 |
| FY2025 | 15 | $54.2M | $3.6M | 3 | 178 |
| FY2024 | 12 | $39.7M | $3.3M | 6 | 124 |
| FY2023 | 10 | $29.3M | $2.9M | 4 | 169 |
| FY2022 | 16 | $44.0M | $2.7M | 3 | 153 |
| FY2021 | 28 | $80.6M | $2.9M | 2 | 282 |
| FY2020 | 16 | $41.3M | $2.6M | 2 | 205 |
| FY2019 | 17 | $45.8M | $2.7M | 6 | 180 |
| FY2018 | 17 | $53.5M | $3.1M | 4 | 207 |
| FY2017 | 19 | $53.9M | $2.8M | 4 | 267 |
| FY2016 | 19 | $43.4M | $2.3M | 8 | 262 |
SBA's franchise field lists the brand as "SLEEP INN/SLEEP INN & SUITES"; "Sleep Inn". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Sleep Inn | All SBA loans |
|---|---|---|
| Approvals in these years | 161 | 725,496 |
| Cancelled or never disbursed | 13 | 91,827 |
| Disbursed loans | 148 | 633,669 |
| Paid in full | 91 | 471,304 |
| Charged off | 3 | 37,796 |
| Still outstanding (status exempt from disclosure) | 54 | 124,569 |
| Charged off, share of disbursed loans | 2.0% | 6.0% |
| Dollars charged off, share of disbursed dollars | 0.7% | 2.2% |
| Dollars charged off | $2.8M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | GBankLas Vegas, NV | 20 | $68.7M | 24.7% | |
| 2 | Celtic Bank CorporationSalt Lake City, UT | 5 | $15.9M | 6.2% | |
| 3 | First Western SBLC, LLCDallas, TX | 3 | $8.9M | 3.7% | |
| 4 | Wallis BankWallis, TX | 3 | $8.7M | 3.7% | |
| 5 | The Huntington National BankColumbus, OH | 2 | — | 2.5% | |
| 6 | Peoples BankMendenhall, MS | 2 | — | 2.5% | |
| 7 | SouthPoint BankBirmingham, AL | 2 | — | 2.5% | |
| 8 | Millennium BankDes Plaines, IL | 2 | — | 2.5% | |
| 9 | Florida Business Development CorporationTampa, FL · CDC | 2 | — | 2.5% | |
| 10 | SomerCor 504, Inc.Chicago, IL · CDC | 2 | — | 2.5% | |
| 11 | Pinnacle BankMorgan Hill, CA | 2 | — | 2.5% | |
| 12 | Dakota Business FinanceSioux Falls, SD · CDC | 2 | — | 2.5% | |
| 13 | Farmers State Bank of Alto Pass, IllinoisAlto Pass, IL | 1 | — | 1.2% | |
| 14 | Embassy National BankLawrenceville, GA | 1 | — | 1.2% | |
| 15 | 504 Capital CorporationChesapeake, VA · CDC | 1 | — | 1.2% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 8 | 9.9% | |
| 2 | Florida | 7 | 8.6% | |
| 3 | South Carolina | 7 | 8.6% | |
| 4 | Illinois | 7 | 8.6% | |
| 5 | North Carolina | 5 | 6.2% | |
| 6 | Wisconsin | 5 | 6.2% | |
| 7 | Georgia | 4 | 4.9% | |
| 8 | Virginia | 3 | 3.7% | |
| 9 | Alabama | 3 | 3.7% | |
| 10 | Ohio | 3 | 3.7% | |
| 11 | Indiana | 3 | 3.7% | |
| 12 | California | 3 | 3.7% | |
| 13 | Iowa | 3 | 3.7% | |
| 14 | New Mexico | 2 | 2.5% | |
| 15 | West Virginia | 2 | 2.5% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 81 | 100.0% |
Approval sizes
- $150,001 to $350,0001.2%1
- $350,001 to $1 million3.7%3
- $1 million to $2 million13.6%11
- Over $2 million81.5%66
Age of the businesses
- Existing, more than 2 years old22.2%18
- New business, 2 years or less17.3%14
- Startup, loan funds will open the business13.6%11
- Change of ownership46.9%38
Questions and answers
How many SBA loans go to Sleep Inn franchises?
221 approvals since FY2013, worth $613M; 81 in FY2021 to FY2025.
Which lenders make SBA loans for Sleep Inn franchises?
By approvals in FY2021 to FY2025: GBank (20), Celtic Bank Corporation (5), First Western SBLC, LLC (3), Wallis Bank (3), The Huntington National Bank (2).
How large is a typical SBA loan for a Sleep Inn franchise?
The average approval in FY2021 to FY2025 was $3.1M.
What share of Sleep Inn SBA loans are charged off?
Of 148 disbursed loans approved in FY2010 to FY2021, 3 (2.0%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Sleep Inn franchises rising?
Approvals in the three latest complete fiscal years total 37, against 60 in the three before: falling (-38%).
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