NM
SBA 7(a) franchise lending portfolio
New Millennium Bank
Risk rating: Excellent
- Total loans
- 78
- Loan volume
- $154.6M
- Avg loan size
- $2.0M
- Charge-off rate
- 2.6%
- vs 16.0% national
Charged off
1
Avg interest
6.32%
Franchises funded
53
Risk rating
Excellent
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Motel 6 | 5 | $9.9M | N/A |
| Quality Inn/Quality Suites, Ho | 4 | $13.5M | N/A |
| Days Inn | 4 | $12.8M | N/A |
| bb.q Chicken | 4 | $885K | N/A |
| Best Western Inn | 4 | $19.3M | N/A |
| Caffebene | 3 | $1.1M | N/A |
| Ramada by Wyndham | 3 | $9.4M | N/A |
| The UPS Store | 2 | $350K | N/A |
| Quality Inn by Choice Hotels / | 2 | $3.3M | N/A |
| Wingate by Wyndham | 2 | $6.8M | N/A |
| Super 8 by Wyndhan | 2 | $5.6M | N/A |
| Red Roof Inn | 2 | $4.6M | N/A |
| Bonchon | 2 | $845K | N/A |
| Paris Baguette | 2 | $1.0M | N/A |
| Blimpie | 1 | $75K | N/A |
| Perkins Restaurants | 1 | $825K | N/A |
| Gymboree | 1 | $169K | N/A |
| Quiznos | 1 | $150K | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY2000 | 1 |
| FY2003 | 1 |
| FY2005 | 1 |
| FY2006 | 1 |
| FY2011 | 1 |
| FY2015 | 5 |
| FY2016 | 6 |
| FY2017 | 10 |
| FY2018 | 11 |
| FY2019 | 3 |
| FY2020 | 2 |
| FY2021 | 10 |
| FY2022 | 7 |
| FY2023 | 7 |
| FY2024 | 6 |
| FY2025 | 6 |
SBA 7(a) · charge-off rate by approval year
New Millennium Bank charge-off rate by loan vintage
None of these 6 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2015 | 5 | 0 | Too few |
| 2016 | 3 | 0 | Too few |
| 2017 | 7 | 0 | Too few |
| 2018 | 9 | 0 | Too few |
| 2021 | 4 | 0 | Too early |
| 2022 | 3 | 0 | Too early |
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.
Geographic exposure
2010.0% (average)
170.0% (excellent)
130.0% (excellent)
5N/A
4N/A
3N/A
3N/A
2N/A
2N/A
2N/A
Portfolio summary
Total funded$154.6M
Charged off1 of 78
Risk tierExcellent
Avg rate6.32%
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 New Millennium Bank originated?
- 78 loans totaling $154.6M. 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. New 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 New Millennium Bank fund the most?
- The “Top franchise exposures” table above lists the brands New 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.