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SBA 7(a) franchise lending portfolio
New Millennium Bank
EXCELLENT risk
- Total loans
- 78
- Loan volume
- $154.6M
- Avg loan size
- $2.0M
- Default 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% |
| Quality Inn/Quality Suites, Ho | 4 | $13.5M | 0.0% |
| Days Inn | 4 | $12.8M | 0.0% |
| bb.q Chicken | 4 | $885K | 0.0% |
| Caffebene | 3 | $1.1M | 0.0% |
| Ramada by Wyndham | 3 | $9.4M | 0.0% |
| The UPS Store | 2 | $350K | 0.0% |
| Best Western Inn | 2 | $9.9M | 0.0% |
| Quality Inn by Choice Hotels / | 2 | $3.3M | 0.0% |
| Best Western - Membership Agre | 2 | $9.4M | 0.0% |
| Wingate by Wyndham | 2 | $6.8M | — |
| Super 8 by Wyndhan | 2 | $5.6M | — |
| Red Roof Inn | 2 | $4.6M | 0.0% |
| Bonchon | 2 | $845K | 0.0% |
| Paris Baguette | 2 | $1.0M | 0.0% |
| Blimpie | 1 | $75K | 0.0% |
| Perkins Restaurants | 1 | $825K | 0.0% |
| Gymboree | 1 | $169K | 100.0% |
| Quiznos | 1 | $150K | 0.0% |
| Motel 6 | 1 | $2.0M | 0.0% |
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 default rate by loan vintage
BrandNational avg
Geographic exposure
2010.0%
170.0%
130.0%
50.0%
40.0%
30.0%
30.0%
20.0%
20.0%
20.0%
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
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%).