States Served
Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Gasoline Stations with Convenience Stores
- Full-Service Restaurants
- Beer, Wine, and Liquor Stores
- Beauty Salons
Quick Summary
Millennium Bank is an SBA-approved lender headquartered in DES PLAINES, Illinois. Since 2020, they have approved 234 SBA 7(a) loans totaling $514.9M, with an average loan size of $2.2M. They serve businesses across 23 states.
About Millennium Bank
Millennium Bank is an SBA-approved lender headquartered in DES PLAINES, Illinois. Since 2020, they have approved 234 SBA 7(a) loans totaling $514.9M, with an average loan size of $2.2M. They serve businesses across 23 states.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Millennium Bank an SBA Preferred Lender?
Millennium Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Millennium Bank approved?
According to SBA FOIA public records, Millennium Bank has approved 234 SBA 7(a) loans totaling $514.9M since 2020. Their average loan size is $2.2M.
What states does Millennium Bank serve?
Millennium Bank serves businesses in 23 states: Arkansas, California, Florida, Iowa, Idaho, Illinois, Indiana, Michigan, Minnesota, Missouri, Mississippi, Nebraska, New Jersey, New Mexico, New York, Ohio, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, West Virginia.
How do I apply for an SBA loan with Millennium Bank?
To apply for an SBA 7(a) loan with Millennium Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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