STRONG
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
FAIR
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
792
2010–2026
Total Volume
$716M
Gross loan amounts
States Active
23
With recorded loans
Programs
7(a) & 504
792 total segments
New Millennium Bank has a strong focus on the restaurant and food service industry, with 173 deals in this sector, making it a great choice for businesses in this area.
With an average 7(a) spread of P+1.50%, New Millennium Bank offers competitive pricing compared to the national median of P+2.75%, which could save you money on interest.
The lender's growth trend shows a decline of 27% year-over-year, which may indicate tightening credit conditions, making it potentially harder to secure a loan now.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 8 504 loans, which use fixed SBA debenture rates.
Top 15 of 23 states where New Millennium Bank has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Laundry & Dry Cleaning
Other Services
Personal Care (Salons, Spas)
Other Services
Food & Beverage Stores
Retail Trade
Hotels & Accommodation
Accommodation & Food Services
Auto Repair & Maintenance
Other Services
Wholesale Trade
Wholesale Trade
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for New Millennium Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| New Jersey · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 27 | P+1.75% | $263K | Q3 2025 |
| New Jersey · Restaurants & Food Service · $150K – $350K | 7(a) | 26 | P+1.75% | $279K | Q4 2025 |
| New York · Laundry & Dry Cleaning · $150K – $350K | 7(a) | 26 | P+1.75% | $269K | Q3 2025 |
| New York · Laundry & Dry Cleaning · Under $150K | 7(a) | 21 | P+2.00% | $97K | Q2 2024 |
| New York · Personal Care (Salons, Spas) · $150K – $350K | 7(a) | 19 | P+1.75% | $270K | Q2 2024 |
| New York · Restaurants & Food Service · $150K – $350K | 7(a) | 19 | P+2.00% | $289K | Q2 2024 |
| New York · Restaurants & Food Service · $500K – $1M | 7(a) | 19 | P+1.50% | $776K | Q4 2024 |
| New York · Personal Care (Salons, Spas) · Under $150K | 7(a) | 19 | P+2.00% | $109K | Q2 2023 |
| New Jersey · Personal Care (Salons, Spas) · Under $150K | 7(a) | 18 | P+1.75% | $109K | Q4 2025 |
| New Jersey · Laundry & Dry Cleaning · $150K – $350K | 7(a) | 17 | P+2.00% | $259K | Q2 2023 |
| New Jersey · Restaurants & Food Service · Under $150K | 7(a) | 16 | P+2.13% | $114K | Q4 2024 |
| New Jersey · Restaurants & Food Service · $500K – $1M | 7(a) | 15 | P+1.50% | $688K | Q2 2025 |
| New York · Food & Beverage Stores · $150K – $350K | 7(a) | 15 | P+2.00% | $299K | Q3 2023 |
| New York · Laundry & Dry Cleaning · $1M – $2M | 7(a) | 13 | P+1.25% | $1.5M | Q4 2022 |
| New York · Laundry & Dry Cleaning · $500K – $1M | 7(a) | 11 | P+1.75% | $706K | Q2 2021 |
| New York · Food & Beverage Stores · $2M – $5M | 7(a) | 9 | P+1.00% | $3.3M | Q1 2025 |
| New York · Food & Beverage Stores · $500K – $1M | 7(a) | 9 | P+1.25% | $770K | Q3 2021 |
| New Jersey · Laundry & Dry Cleaning · Under $150K | 7(a) | 9 | P+2.00% | $101K | Q3 2024 |
| New Jersey · Restaurants & Food Service · $350K – $500K | 7(a) | 8 | P+2.13% | $437K | Q1 2023 |
| Georgia · Hotels & Accommodation · $2M – $5M | 7(a) | 8 | P+1.00% | $3.5M | Q3 2025 |
| New York · Restaurants & Food Service · Under $150K | 7(a) | 8 | P+2.13% | $104K | Q3 2019 |
| Georgia · Hotels & Accommodation · $1M – $2M | 7(a) | 7 | P+1.25% | $1.8M | Q3 2025 |
| Georgia · Restaurants & Food Service · $150K – $350K | 7(a) | 7 | P+2.00% | $264K | Q4 2024 |
| New Jersey · Food & Beverage Stores · $350K – $500K | 7(a) | 6 | P+2.00% | $431K | Q3 2024 |
| New York · Retail Trade · $150K – $350K | 7(a) | 6 | P+1.50% | $252K | Q1 2025 |
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