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SBA 7(a) franchise lending portfolio
Milestone Bank
CRITICAL risk
- Total loans
- 53
- Loan volume
- $53.8M
- Avg loan size
- $1.0M
- Default 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% |
| Bonchon | 3 | $3.2M | — |
| Big Air ; Big Air Trampoline P | 2 | $5.5M | — |
| Smoothie King | 2 | $935K | — |
| Freddy's Frozen Custard & Stea | 2 | $4.4M | — |
| Victory Lane Quick Oil Change | 2 | $2.8M | — |
| Planet Fitness | 1 | $1.8M | 0.0% |
| Re-Bath | 1 | $120K | 0.0% |
| Tropical Smoothie | 1 | $75K | 0.0% |
| Hwy 55 Burgers Shakes & Fries | 1 | $231K | 100.0% |
| MidiCi | 1 | $840K | 0.0% |
| Orange Theory Fitness | 1 | $462K | 0.0% |
| Health Mart Pharmacies | 1 | $400K | 0.0% |
| Retro Fitness | 1 | $500K | 100.0% |
| Jerry's Subs & Pizza | 1 | $684K | — |
| Great Clips | 1 | $1.4M | — |
| Gyu-Kaku | 1 | $1.9M | — |
| A&w | 1 | $845K | — |
| Midas | 1 | $919K | — |
| The SodaMix | 1 | $475K | — |
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 default rate by loan vintage
BrandNational avg
Geographic exposure
100.0%
70.0%
475.0%
30.0%
3—
30.0%
30.0%
2—
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
Default 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%), Critical (>20%).