MB
SBA 7(a) franchise lending portfolio
Millennium Bank
EXCELLENT risk
- Total loans
- 198
- Loan volume
- $465.8M
- Avg loan size
- $2.4M
- Charge-off rate
- 2.6%
- vs 15.4% national avg
Defaults
2
Avg interest
6.77%
Franchises funded
96
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Comfort Inn by Choice Hotels/C | 8 | $31.1M | 0.0% (low risk) |
| Super 8 by Wyndhan | 8 | $17.9M | 0.0% (low risk) |
| Baymont by Wyndham aka Baymont | 7 | $21.1M | 0.0% (low risk) |
| Days Inn by Wyndham | 7 | $11.2M | 0.0% (low risk) |
| Motel 6 | 7 | $14.3M | 0.0% (low risk) |
| Quality Inn by Choice Hotels / | 6 | $16.5M | 0.0% (low risk) |
| Econo Lodge by Choice Hotels/E | 6 | $9.7M | 0.0% (low risk) |
| Best Western - Membership Agre | 5 | $17.2M | 0.0% (low risk) |
| OYO - Marketing and Operationa | 5 | $5.4M | 0.0% (low risk) |
| Red Roof Inn | 5 | $13.1M | 0.0% (low risk) |
| Amazing Lash Studio | 5 | $4.9M | N/A |
| Sleep Inn by Choice Hotels/Sle | 4 | $11.2M | 0.0% (low risk) |
| SureStay | 4 | $9.2M | 0.0% (low risk) |
| Holiday Inn/Holiday Inn & Suit | 4 | $18.4M | N/A |
| Courtyard by Marriott | 4 | $20.0M | 0.0% (low risk) |
| Comfort/ Comfort Inn & Suites/ | 3 | $4.2M | 0.0% (low risk) |
| Super 8 | 3 | $4.2M | 0.0% (low risk) |
| Travelodge by Wyndham | 3 | $3.0M | 0.0% (low risk) |
| Parent Petroleum, Inc. (Multi- | 3 | $8.8M | N/A |
| Rodeway Inn by Choice Hotels/R | 3 | $7.2M | 100.0% (very high risk) |
Lending volume by year
1'09
1'11
2'12
1'13
6'14
6'15
3'16
12'17
18'18
11'19
25'20
21'21
38'22
15'23
27'24
11'25
Millennium Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
Portfolio summary
Total funded$465.8M
Defaults2 of 198
Risk tierEXCELLENT
Avg rate6.77%
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). 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 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.