MB
SBA 7(a) franchise lending portfolio
Milestone Bank
CRITICAL risk
- Total loans
- 53
- Loan volume
- $53.8M
- Avg loan size
- $1.0M
- Charge-off rate
- 22.2%
- vs 15.4% national avg
Defaults
4
Avg interest
8.83%
Franchises funded
38
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Doctors Express | 10 | $5.4M | 20.0% (very high risk) |
| Bonchon | 3 | $3.2M | N/A |
| Big Air ; Big Air Trampoline P | 2 | $5.5M | N/A |
| Smoothie King | 2 | $935K | N/A |
| Freddy's Frozen Custard & Stea | 2 | $4.4M | N/A |
| Victory Lane Quick Oil Change | 2 | $2.8M | N/A |
| Planet Fitness | 1 | $1.8M | 0.0% (low risk) |
| Re-Bath | 1 | $120K | 0.0% (low risk) |
| Tropical Smoothie | 1 | $75K | 0.0% (low risk) |
| Hwy 55 Burgers Shakes & Fries | 1 | $231K | 100.0% (very high risk) |
| MidiCi | 1 | $840K | 0.0% (low risk) |
| Orange Theory Fitness | 1 | $462K | 0.0% (low risk) |
| Health Mart Pharmacies | 1 | $400K | 0.0% (low risk) |
| Retro Fitness | 1 | $500K | 100.0% (very high risk) |
| Jerry's Subs & Pizza | 1 | $684K | N/A |
| Great Clips | 1 | $1.4M | N/A |
| Gyu-Kaku | 1 | $1.9M | N/A |
| A&w | 1 | $845K | N/A |
| Midas | 1 | $919K | N/A |
| The SodaMix | 1 | $475K | N/A |
Lending volume by year
2'10
2'11
2'13
2'14
3'15
3'16
4'17
7'23
2'24
23'25
3'26
Milestone Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
100.0% (low risk)
70.0% (low risk)
475.0% (very high risk)
4N/A
30.0% (low risk)
3N/A
30.0% (low risk)
30.0% (low risk)
2N/A
2N/A
Portfolio summary
Total funded$53.8M
Defaults4 of 53
Risk tierCRITICAL
Avg rate8.83%
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has Milestone Bank originated?
- 53 loans totaling $53.8M. The portfolio carries a 22.2% charge-off rate, earning a “CRITICAL” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does Milestone Bank fund the most?
- The “Top franchise exposures” table above lists the brands Milestone Bank has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.