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SBA 7(a) franchise lending portfolio
Millennial Bank
AVERAGE risk
- Total loans
- 11
- Loan volume
- $2.4M
- Avg loan size
- $217K
- Default rate
- 11.1%
- vs 15.4% national avg
Defaults
1
Avg interest
6.94%
Franchises funded
8
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Domino's | 2 | $644K | 0.0% |
| Health Mart Pharmacy | 2 | $653K | 0.0% |
| Jeremiah's Italian Ice | 2 | $601K | 0.0% |
| Sneaky Pete's Hot Dogs | 1 | $25K | 100.0% |
| Amerispec | 1 | $30K | 0.0% |
| Curves For Women | 1 | $62K | 0.0% |
| Vision Source | 1 | $150K | — |
| Planet Smoothie | 1 | $223K | 0.0% |
Lending volume by year
1'03
1'05
1'06
3'19
2'20
1'21
2'22
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%).