MB
SBA 7(a) franchise lending portfolio
Millennial Bank
AVERAGE risk
- Total loans
- 11
- Loan volume
- $2.4M
- Avg loan size
- $217K
- Charge-off 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% (low risk) |
| Health Mart Pharmacy | 2 | $653K | 0.0% (low risk) |
| Jeremiah's Italian Ice | 2 | $601K | 0.0% (low risk) |
| Sneaky Pete's Hot Dogs | 1 | $25K | 100.0% (very high risk) |
| Amerispec | 1 | $30K | 0.0% (low risk) |
| Curves For Women | 1 | $62K | 0.0% (low risk) |
| Vision Source | 1 | $150K | N/A |
| Planet Smoothie | 1 | $223K | 0.0% (low risk) |
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
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 Millennial Bank originated?
- 11 loans totaling $2.4M. The portfolio carries a 11.1% charge-off rate, earning a “AVERAGE” 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 Millennial Bank fund the most?
- The “Top franchise exposures” table above lists the brands Millennial 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.