New Millennium Bank approved 189 SBA loans worth $197.3M between October 2021 and June 2026, ranking #223 of 2,283 SBA lenders nationally by loan count. Its median loan was $560,000, and 50% went to startups or businesses under two years old. It lent in 12 states, most often in New Jersey, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| New Jersey | 71 | $48.2M | $350,000 | #28 |
| New York | 66 | $73.1M | $700,000 | #40 |
| Georgia | 16 | $16.9M | $490,000 | #89 |
| Washington | 15 | $20.6M | $440,000 | #63 |
| Texas | 8 | $15.9M | $1,590,000 | #224 |
| Maryland | 5 | $6.8M | $300,000 | #84 |
| Pennsylvania | 3 | $4.3M | $1,280,000 | #145 |
| Alabama | 1 | $200K | $200,000 | #148 |
| Florida | 1 | $5.0M | $5,000,000 | #287 |
| Connecticut | 1 | $1.1M | $1,150,000 | #147 |
| Idaho | 1 | $4.1M | $4,100,000 | #113 |
| Virginia | 1 | $1.2M | $1,200,000 | #200 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 69 | $500,000 | |
| Other services (repair, personal care) | 54 | $350,000 | |
| Retail | 40 | $1,200,000 | |
| Health care and social assistance | 8 | $897,000 | |
| Education | 5 | $595,000 | |
| Construction | 5 | $1,100,000 | |
| Arts, entertainment and recreation | 2 | $230,000 | |
| Wholesale trade | 2 | $2,200,000 | |
| Administrative and support services | 1 | $232,000 | |
| Agriculture, forestry and fishing | 1 | $100,000 |