STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
GOOD
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
406
2010–2026
Total Volume
$715M
Gross loan amounts
States Active
28
With recorded loans
Programs
7(a) & 504
405 total segments
Millennium Bank has a strong focus on existing businesses, with 70% of their deals serving this purpose. This makes them a solid choice for established companies looking to expand or refinance.
With an average 7(a) spread of P+1.95%, Millennium Bank offers competitive pricing compared to the national median of P+2.75%. This could mean lower overall loan costs for borrowers.
Millennium Bank's deal volume has significantly declined by 74% year-over-year, which may indicate a tightening of their lending criteria. Borrowers should be prepared for potentially stricter approval processes.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 28 504 loans, which use fixed SBA debenture rates.
Top 15 of 28 states where Millennium Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Hotels & Accommodation
Accommodation & Food Services
Gas Stations
Retail Trade
Food & Beverage Stores
Retail Trade
Restaurants & Food Service
Accommodation & Food Services
Auto Repair & Maintenance
Other Services
Miscellaneous Retail
Retail Trade
Manufacturing
Manufacturing
Physician & Dental Offices
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for Millennium Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Hotels & Accommodation · $2M – $5M | 7(a) | 59 | P+1.75% | $3.7M | Q3 2025 |
| Indiana · Hotels & Accommodation · $2M – $5M | 7(a) | 21 | P+1.75% | $3.5M | Q4 2025 |
| Illinois · Hotels & Accommodation · $1M – $2M | 7(a) | 18 | P+1.75% | $1.5M | Q1 2025 |
| Indiana · Hotels & Accommodation · $1M – $2M | 7(a) | 17 | P+1.50% | $1.6M | Q2 2024 |
| Illinois · Hotels & Accommodation · $500K – $1M | 7(a) | 13 | P+1.75% | $749K | Q3 2024 |
| Illinois · Gas Stations · $500K – $1M | 7(a) | 10 | P+1.88% | $643K | Q2 2021 |
| Illinois · Food & Beverage Stores · $500K – $1M | 7(a) | 8 | P+1.75% | $651K | Q1 2025 |
| Illinois · Auto Repair & Maintenance · $1M – $2M | 7(a) | 7 | P+1.75% | $1.3M | Q3 2018 |
| Illinois · Food & Beverage Stores · $1M – $2M | 7(a) | 6 | P+1.75% | $1.5M | Q1 2025 |
| Illinois · Restaurants & Food Service · $500K – $1M | 7(a) | 5 | P+1.75% | $668K | Q4 2022 |
| Illinois · Gas Stations · $1M – $2M | 7(a) | 5 | P+1.50% | $1.6M | Q1 2021 |
| Michigan · Hotels & Accommodation · $500K – $1M | 7(a) | 5 | P+2.00% | $789K | Q1 2024 |
| Illinois · Auto Repair & Maintenance · $500K – $1M | 7(a) | 5 | P+1.75% | $761K | Q3 2020 |
| Wisconsin · Hotels & Accommodation · $2M – $5M | 7(a) | 4 | P+1.75% | $4.4M | Q1 2025 |
| Ohio · Hotels & Accommodation · $2M – $5M | 7(a) | 4 | P+1.75% | $3.1M | Q4 2024 |
| Missouri · Hotels & Accommodation · $2M – $5M | 7(a) | 4 | P+1.63% | $4.0M | Q4 2024 |
| Indiana · Gas Stations · $500K – $1M | 7(a) | 3 | P+2.00% | $717K | Q1 2020 |
| Illinois · Restaurants & Food Service · $350K – $500K | 7(a) | 3 | P+2.00% | $460K | Q3 2024 |
| Illinois · Restaurants & Food Service · $2M – $5M | 7(a) | 3 | P+1.75% | $2.4M | Q2 2023 |
| Illinois · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+1.75% | $267K | Q1 2024 |
| Indiana · Hotels & Accommodation · $350K – $500K | 7(a) | 3 | P+2.00% | $462K | Q3 2021 |
| Indiana · Hotels & Accommodation · $500K – $1M | 7(a) | 3 | P+1.75% | $706K | Q2 2023 |
| Florida · Hotels & Accommodation · $2M – $5M | 7(a) | 3 | P+1.75% | $4.1M | Q4 2023 |
| Texas · Hotels & Accommodation · $2M – $5M | 7(a) | 3 | P+1.75% | $3.8M | Q2 2025 |
| Illinois · Miscellaneous Retail · $500K – $1M | 7(a) | 3 | P+1.75% | $840K | Q1 2025 |
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