Milestone Bank
Headquartered in Salt Lake City, UT. Analysis based on 107 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $166.4M.
Total 7(a) loans
107
Total approved
$166.4M
Average loan
$1.6M
States funded in
27
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
0.00%
Average rate
10.30%
Average term
166 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 14 |
| 722511 | Full-Service Restaurants | 11 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 9 |
| 624410 | Child Day Care Services | 4 |
| 713940 | Fitness and Recreational Sports Centers | 3 |
| 541611 | Administrative Management and General Management Consulting Services | 3 |
| 811191 | Automotive Oil Change and Lubrication Shops | 3 |
| 561990 | All Other Support Services | 2 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 2 |
| 238320 | Painting and Wall Covering Contractors | 2 |
Top 10 states
| State | Loans |
|---|---|
| FL | 23 |
| TX | 22 |
| CO | 10 |
| SC | 9 |
| NV | 6 |
| MI | 3 |
| KY | 3 |
| GA | 3 |
| CA | 3 |
| TN | 3 |
Top franchise brands financed
37 franchise loans across 30 distinct brands.
| Franchise | Loans |
|---|---|
| Bonchon | 3 |
| Smoothie King | 3 |
| Victory Lane Quick Oil Change | 2 |
| Freddy's Frozen Custard & Stea | 2 |
| Big Air ; Big Air Trampoline P | 2 |
| Jerry's Subs & Pizza | 1 |
| A&W | 1 |
| Gyu-Kaku | 1 |
| Great Clips | 1 |
| Midas | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.