MB
SBA 7(a) franchise lending portfolio
Millennium Bank
Risk rating: Excellent
- Total loans
- 198
- Loan volume
- $465.8M
- Avg loan size
- $2.4M
- Charge-off rate
- 2.6%
- vs 16.0% national
Charged off
2
Avg interest
6.77%
Franchises funded
96
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Comfort Inn by Choice Hotels/C | 11 | $35.3M | N/A |
| Super 8 by Wyndhan | 11 | $22.2M | N/A |
| Baymont by Wyndham aka Baymont | 7 | $21.1M | N/A |
| Days Inn by Wyndham | 7 | $11.2M | N/A |
| Motel 6 | 7 | $14.3M | N/A |
| Quality Inn by Choice Hotels / | 6 | $16.5M | N/A |
| Econo Lodge by Choice Hotels/E | 6 | $9.7M | N/A |
| Best Western - Membership Agre | 5 | $17.2M | N/A |
| OYO - Marketing and Operationa | 5 | $5.4M | N/A |
| Red Roof Inn | 5 | $13.1M | N/A |
| Amazing Lash Studio | 5 | $4.9M | N/A |
| Sleep Inn by Choice Hotels/Sle | 4 | $11.2M | N/A |
| SureStay | 4 | $9.2M | N/A |
| Holiday Inn/Holiday Inn & Suit | 4 | $18.4M | N/A |
| Courtyard by Marriott | 4 | $20.0M | N/A |
| Travelodge by Wyndham | 3 | $3.0M | N/A |
| Parent Petroleum, Inc. (Multi- | 3 | $8.8M | N/A |
| Rodeway Inn by Choice Hotels/R | 3 | $7.2M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2009 | 1 |
| FY2011 | 1 |
| FY2012 | 2 |
| FY2013 | 1 |
| FY2014 | 6 |
| FY2015 | 6 |
| FY2016 | 3 |
| FY2017 | 12 |
| FY2018 | 18 |
| FY2019 | 11 |
| FY2020 | 25 |
| FY2021 | 21 |
| FY2022 | 38 |
| FY2023 | 15 |
| FY2024 | 27 |
| FY2025 | 11 |
SBA 7(a) · charge-off rate by approval year
Millennium Bank: below all franchise loans in each of the 4 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2014 | 5 | 0 | Too few |
| 2015 | 4 | 0 | Too few |
| 2016 | 3 | 0 | Too few |
| 2017 | 8 | 0 | Too few |
| 2018 | 10 | 0 | 0.0% |
| 2019 | 5 | 0 | Too few |
| 2020 | 14 | 0 | 0.0% |
| 2021 | 11 | 0 | 0.0% |
| 2022 | 12 | 1 | 8.3% |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
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 Millennium Bank originated?
- 198 loans totaling $465.8M. The portfolio carries a 2.6% charge-off rate, earning a “Excellent” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. Millennium Bank's rate of 2.6% is below the national rate.
- 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 Millennium Bank fund the most?
- The “Top franchise exposures” table above lists the brands Millennium 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.