NM
SBA 7(a) franchise lending portfolio
New Millennium Bank
EXCELLENT risk
- Total loans
- 78
- Loan volume
- $154.6M
- Avg loan size
- $2.0M
- Charge-off rate
- 2.6%
- vs 15.4% national avg
Defaults
1
Avg interest
6.32%
Franchises funded
53
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Motel 6 | 4 | $7.9M | 0.0% (low risk) |
| Quality Inn/Quality Suites, Ho | 4 | $13.5M | 0.0% (low risk) |
| Days Inn | 4 | $12.8M | 0.0% (low risk) |
| bb.q Chicken | 4 | $885K | 0.0% (low risk) |
| Caffebene | 3 | $1.1M | 0.0% (low risk) |
| Ramada by Wyndham | 3 | $9.4M | 0.0% (low risk) |
| The UPS Store | 2 | $350K | 0.0% (low risk) |
| Best Western Inn | 2 | $9.9M | 0.0% (low risk) |
| Quality Inn by Choice Hotels / | 2 | $3.3M | 0.0% (low risk) |
| Best Western - Membership Agre | 2 | $9.4M | 0.0% (low risk) |
| Wingate by Wyndham | 2 | $6.8M | N/A |
| Super 8 by Wyndhan | 2 | $5.6M | N/A |
| Red Roof Inn | 2 | $4.6M | 0.0% (low risk) |
| Bonchon | 2 | $845K | 0.0% (low risk) |
| Paris Baguette | 2 | $1.0M | 0.0% (low risk) |
| Blimpie | 1 | $75K | 0.0% (low risk) |
| Perkins Restaurants | 1 | $825K | 0.0% (low risk) |
| Gymboree | 1 | $169K | 100.0% (very high risk) |
| Quiznos | 1 | $150K | 0.0% (low risk) |
| Motel 6 | 1 | $2.0M | 0.0% (low risk) |
Lending volume by year
1'00
1'03
1'05
1'06
1'11
5'15
6'16
10'17
11'18
3'19
2'20
10'21
7'22
7'23
6'24
6'25
New Millennium Bank charge-off rate by loan vintage
BrandNational avg
Geographic exposure
2010.0% (elevated risk)
170.0% (low risk)
130.0% (low risk)
50.0% (low risk)
40.0% (low risk)
30.0% (low risk)
30.0% (low risk)
20.0% (low risk)
20.0% (low risk)
20.0% (low risk)
Portfolio summary
Total funded$154.6M
Defaults1 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). 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 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.