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SBA 7(a) franchise lending portfolio
Millennium Bank
EXCELLENT risk
- Total loans
- 198
- Loan volume
- $465.8M
- Avg loan size
- $2.4M
- Default 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% |
| Super 8 by Wyndhan | 8 | $17.9M | 0.0% |
| Baymont by Wyndham aka Baymont | 7 | $21.1M | 0.0% |
| Days Inn by Wyndham | 7 | $11.2M | 0.0% |
| Motel 6 | 7 | $14.3M | 0.0% |
| Quality Inn by Choice Hotels / | 6 | $16.5M | 0.0% |
| Econo Lodge by Choice Hotels/E | 6 | $9.7M | 0.0% |
| Best Western - Membership Agre | 5 | $17.2M | 0.0% |
| OYO - Marketing and Operationa | 5 | $5.4M | 0.0% |
| Red Roof Inn | 5 | $13.1M | 0.0% |
| Amazing Lash Studio | 5 | $4.9M | — |
| Sleep Inn by Choice Hotels/Sle | 4 | $11.2M | 0.0% |
| SureStay | 4 | $9.2M | 0.0% |
| Holiday Inn/Holiday Inn & Suit | 4 | $18.4M | — |
| Courtyard by Marriott | 4 | $20.0M | 0.0% |
| Comfort/ Comfort Inn & Suites/ | 3 | $4.2M | 0.0% |
| Super 8 | 3 | $4.2M | 0.0% |
| Travelodge by Wyndham | 3 | $3.0M | 0.0% |
| Parent Petroleum, Inc. (Multi- | 3 | $8.8M | — |
| Rodeway Inn by Choice Hotels/R | 3 | $7.2M | 100.0% |
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 default rate by loan vintage
BrandNational avg
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%).