My Place Hotels
6
SBA Loans
$22.2M
Total Financed
$3.7M
Avg Loan Size
—
YoY Loan Growth
How My Place Hotels Compares
- Ranks #57 of 115 Hotels & Lodging brands by SBA loan count (#1,208 of 3,543 overall).
- Its average loan of $3.7M is 32% above the Hotels & Lodging median of $2.8M.
- With only 6 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Hotels & Lodging brands overall see a 0.1% charge-off rate across 3,663 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2020 | 1 | $3.5M |
| FY2021 | 1 | $5.0M |
| FY2022 | 2 | $3.7M |
| FY2023 | 2 | $10.0M |
FY2023 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where My Place Hotels Is Getting SBA-Financed
Recent SBA-Financed My Place Hotels Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is My Place Hotels growing or shrinking?
My Place Hotels doesn't have enough SBA loan activity in both FY2022 and FY2023 to calculate a reliable year-over-year trend. For context, it ranks #57 of 115 Hotels & Lodging brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a My Place Hotels franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $3.7M (32% above the typical Hotels & Lodging brand's $2.8M) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for My Place Hotels?
My Place Hotels only has 6 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Hotels & Lodging brands overall see a 0.1% charge-off rate across 3,663 loans.
Explore More
Top SBA Lenders
- Mountain America FCU2
- America First Federal Credit Union1
- Celtic Bank Corporation1
- US Metro Bank1
- Open Bank1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset