Buying a La Quinta franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 66 7(a) loans to buy an existing La Quinta (classified mostly as Hotels (except Casino Hotels) and Motels), totaling $266M. The median loan was $4,386,500, 580% higher than the $645,250 median for all SBA-financed acquisitions. 9 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of La Quinta resale loans landed between $3,265,125 and $5,000,000.
- Lender experience exists. GBank alone has financed 20 La Quinta resales.
- Guaranty. The SBA guaranteed 76% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
How La Quinta compares
| Measure | La Quinta | Hotels and Motels | All acquisitions |
|---|---|---|---|
| Median loan | $4,386,500 | $2,621,250 | $645,250 |
| Middle half of loans | $3,265,125 to $5,000,000 | $1,644,250 to $4,100,000 | $283,000 to $1,465,000 |
| Average initial rate | 6.55% | 7.11% | 7.76% |
| Median term | 25 years | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 0.8% | 3.5% |
| Loans in sample | 66 | 2,310 | 48,902 |
The median for La Quinta resale loans is $4,386,500, well above the $2,621,250 median for hotels and motels and well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $3,265,125 to $5,000,000, against $283,000 to $1,465,000 nationally; the median term is 25 years, longer than the national median of 10 years; the average initial rate is 6.55%, below the 7.76% national average.
None of the seasoned loans were charged off, against 0.8% for hotels and motels and 3.5% for all acquisition loans.
Loan size distribution
| Loan size | La Quinta | All acquisitions |
|---|---|---|
| Under $350K | 0% | 30% |
| $350K to under $1M | 0% | 33% |
| $1M to under $2M | 5% | 19% |
| $2M and over | 95% | 17% |
Most La Quinta resale loans (100%) were $1M or more, and the largest single band is $2M and over at 95%, against 17% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
GBank made 30% of La Quinta resale loans, and the top three lenders together made 41%. 7 of the 28 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 9 La Quinta resale loans were approved. That is 10% fewer than the 10 approved in FY2023 and FY2024. The median was $5,000,000, slightly above the $4,386,500 median across all years.
Financing a La Quinta resale: what lenders financed
The median SBA 7(a) loan for a La Quinta resale was $4,386,500 across 66 loans (FY2018 to FY2026). GBank, Pinnacle Bank and Open Bank have financed the most La Quinta resales. Of 39 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% average for all SBA acquisition loans.
La Quinta acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $5.9M | $2,959,000 | |
| FY2019 | 7 | $23.5M | $3,670,000 | |
| FY2020 | 16 | $59.3M | $3,650,000 | |
| FY2021 | 14 | $61.8M | $4,860,000 | |
| FY2022 | 8 | $32.5M | $4,852,500 | |
| FY2023 | 3 | $15M | $5,000,000 | |
| FY2024 | 7 | $29.7M | $5,000,000 | |
| FY2025 | 6 | $24.9M | $4,550,000 | |
| FY2026 | 3 | $13.6M | $5,000,000 |
How often do these acquisition loans fail?
Of the 39 La Quinta acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 25 have already been paid in full.
For comparison, La Quinta has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Lenders financing La Quinta resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 20 | 30.3% | $80.5M | |
| 2 | Pinnacle Bank | 4 | 6.1% | $12.3M | |
| 3 | Open Bank | 3 | 4.5% | $15M | |
| 4 | The Huntington National Bank | 3 | 4.5% | $14.7M | |
| 5 | Bank of Hope | 3 | 4.5% | $14.4M | |
| 6 | First Western SBLC, LLC d/b/a Peachtree Group | 3 | 4.5% | $11.3M | |
| 7 | United Midwest Savings Bank National Association | 3 | 4.5% | $10M | |
| 8 | Shoreham Bank | 2 | 3.0% | $9.1M | |
| 9 | Citizens Bank | 2 | 3.0% | $8.5M | |
| 10 | Commonwealth Business Bank | 2 | 3.0% | $8.4M |
States where La Quinta units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 19 | 28.8% | $76.3M | |
| 2 | Georgia | 8 | 12.1% | $35.9M | |
| 3 | Florida | 8 | 12.1% | $34.8M | |
| 4 | North Carolina | 4 | 6.1% | $17.3M | |
| 5 | Ohio | 4 | 6.1% | $15.6M | |
| 6 | California | 3 | 4.5% | $12.9M | |
| 7 | Colorado | 3 | 4.5% | $12.5M | |
| 8 | Mississippi | 2 | 3.0% | $7M | |
| 9 | Illinois | 2 | 3.0% | $6.8M | |
| 10 | Indiana | 2 | 3.0% | $6.1M |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do buyers borrow to buy a La Quinta franchise?
The median SBA 7(a) loan for a La Quinta resale was $4,386,500 across 66 loans (FY2018 to FY2026). The middle half of loans ran from $3,265,125 to $5,000,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance La Quinta acquisitions?
GBank has made the most SBA acquisition loans for La Quinta (20, 30% of the total). Pinnacle Bank, Open Bank, The Huntington National Bank follow.
What interest rate and term do La Quinta acquisition loans carry?
The average initial rate at approval was 6.55% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a La Quinta resale riskier than other SBA-financed acquisitions?
In the seasoned cohort (FY2018 to FY2021), none charged off, against the 3.5% average for all SBA acquisition loans.
Where are La Quinta units being bought with SBA loans?
Texas (19), Georgia (8), Florida (8), North Carolina (4), Ohio (4). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
How much do you need down for an SBA loan to buy a La Quinta franchise?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for La Quinta resale loans was $4,386,500, and the middle half ran $3,265,125 to $5,000,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 9 La Quinta resale loans in FY2025 and FY2026.
Which banks make SBA loans for a La Quinta franchise?
By loan count, FY2018 to FY2026: GBank (20), Pinnacle Bank (4), Open Bank (3), The Huntington National Bank (3), Bank of Hope (3). GBank made 30% of La Quinta resale loans. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Hotels (except Casino Hotels) and Motels acquisitions
- Texas acquisitions
- Georgia acquisitions
- Florida acquisitions
- GBank
- Pinnacle Bank
- Open Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "La Quinta by Wyndham / La Quinta Inn & Suites" (franchise code S0982). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.
Cite this data
SBA Acquisition Data, "La Quinta: SBA acquisition loan data", https://sbaacquisitiondata.com/franchise/la-quinta (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/franchise/la-quinta.json.