Franchise financing
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchise financing
What it costs to finance a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 221
- Total funded
- $369.9M
- Median loan
- $1.4M
- 7(a) charge-off
- 1.0%
What financing a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchise costs
The median SBA loan to a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchisee is $1.4M, and the middle half of Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's 221 loans run $1.1M to $2.1M (average $1.7M). Across all SBA-financed franchises the median loan is $350K. Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels buyers borrow more than the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels loan runs 25 years. Model your numbers with the franchise financing calculator.
Of the 207 Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels loans where the SBA recorded a business age, 25.1% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchisees have financed with 221 SBA loans since FY2010, averaging $1.7M each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (202 of the 221 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's 7(a) charge-off rate is 1.0% across 202 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels
By SBA loan count
- 1. GBank 24
- 2. Peoples Bank 12
- 3. Celtic Bank Corporation 11
- 4. PromiseOne Bank 10
- 5. Enterprise Bank & Trust 7
- 6. The Huntington National Bank 8
- 7. First Western SBLC, Inc 9
- 8. Wallis Bank 6
Get matched to a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels lender →
Where Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels gets funded
Top states by loan count
- 1. Georgia 19
- 2. Texas 21
- 3. North Carolina 16
- 4. Colorado 11
- 5. California 8
- 6. Florida 8
- 7. Michigan 9
- 8. Virginia 7
Financing a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels SBA financing FAQ
How much does a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchisee is $1.4M, and the middle half of Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's 221 loans run $1.1M to $2.1M. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's franchise disclosure document.
Can you use an SBA loan for Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels?
Yes. Lenders have funded 221 SBA loans to Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels franchisees, worth $369.9M in all, so Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels?
The data says yes: of Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's 207 SBA loans that record a business age, 25.1% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels?
By loan count, the most active SBA lenders for Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels are GBank, Peoples Bank, Celtic Bank Corporation, among others. A lender already active with your brand often moves faster.
What is Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's SBA charge-off rate?
Across Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's 202 SBA 7(a) loans, 1.0% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels?
Mostly 7(a): 202 of Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels's 221 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels loan term is 25 years.