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Millennium Bank: SBA Lending Activity & Industry Focus

Top lender in IllinoisHotels (except Casino Hotels) and Motels specialistTrending upMulti-state (14 states)Large loans (median $1,843,500)

Based on historical SBA 7(a) lending data.

Total Approvals

50

by Millennium Bank

Total Volume

$113,555,200

approved amount

Median Loan Size

$1,843,500

per approval

Recent Activity

1

last 90 days through Aug 2025

Millennium Bank is a regional lender primarily serving Illinois, Indiana, Wisconsin with a strong focus on Hotels (except Casino Hotels) and Motels. With 50 SBA 7(a) approvals and a typical loan size of $1,843,500, their lending data provides a detailed picture of where and how they deploy SBA capital.

What you should know

Key insights derived from Millennium Bank's SBA 7(a) lending history

Industry specialist: Hotels (except Casino Hotels) and Motels

78% of Millennium Bank's SBA loans go to just 3 industries: Hotels (except Casino Hotels) and Motels (60%), All Other Specialty Food Stores (14%), Gasoline Stations with Convenience Stores (4%). If your business is in one of these sectors, Millennium Bank likely understands your industry's economics well — a major advantage during underwriting.

Accelerating SBA activity

Millennium Bank's SBA lending is trending up — 13 approvals in the last 6 months vs. 8 in the prior period (+63%). Increasing volume can signal improved capacity and appetite for new borrowers.

Sweet spot: $1M–$5M loans

56% of Millennium Bank's SBA loans fall in the $1M–$5M range. Their typical loan (median) is $1,750,000, with the middle 50% of loans between $795,500 and $3,546,200. If your loan request is in this range, you may see a faster, smoother process.

Regional focus: Illinois, Indiana, Wisconsin

Millennium Bank concentrates their SBA lending in 14 states, with 70% of activity in Illinois (50%), Indiana (10%), Wisconsin (10%). Regional lenders often have strong local relationships and may offer more competitive terms in their core markets.

Larger-than-average loan sizes

Millennium Bank's median loan of $1,843,500 is significantly above the SBA 7(a) average. This suggests they're comfortable with larger deals — good news if you need substantial financing, but they may have higher minimum loan amounts.

Smaller SBA program

Millennium Bank has 50 SBA 7(a) approvals. Their smaller volume may mean longer processing times, but could also mean more personalized attention for borrowers.

Lending trends for Millennium Bank

↑ 11%loan volume YoY
↑ 38%dollar volume YoY
Total loaned ($)
Median loan size
Mar '21Nov '21Mar '22Aug '22Dec '22Aug '23Feb '24Feb '25

Loan size distribution

Based on 55 SBA 7(a) approvals

Under $50K0 (0%)
$50K–$150K1 (2%)
$150K–$350K4 (7%)
$350K–$1M12 (22%)
$1M–$5M31 (56%)
Over $5M7 (13%)

Summary

Median (50th percentile)

$1,750,000

25th percentile

$795,500

75th percentile

$3,546,200

Average

$2,235,384

Typical range

$795,500
$3,546,200

States served

IL25IN5WI5MI3GA3AR1FL1IA1MO1MS1NM1TX1WV1NJ1
Less active
More active

State-by-state lending activity

#StateApprovals
1Illinois25
2Indiana5
3Wisconsin5
4Michigan3
5Georgia3
6Arkansas1
7Florida1
8Iowa1
9Missouri1
10Mississippi1
11New Mexico1
12Texas1
13West Virginia1
14New Jersey1

Millennium Bank by industry

Hotels (except Casino Hotels) and Motels30 approvalsSupermarkets and Other Grocery (except Convenience) Stores7 approvalsFull-Service Restaurants2 approvalsGasoline Stations with Convenience Stores2 approvalsNAICS 4572 approvalsCar Washes1 approvalsPharmacies and Drug Stores1 approvalsPerishable Prepared Food Manufacturing1 approvalsDrywall and Insulation Contractors1 approvalsAll Other Plastics Product Manufacturing1 approvals

Industry focus

#IndustryNAICSApprovals
1Hotels (except Casino Hotels) and Motels72130
2Supermarkets and Other Grocery (except Convenience) Stores4457
3Full-Service Restaurants7222
4Gasoline Stations with Convenience Stores4472
5NAICS 4574572
6Car Washes8111
7Pharmacies and Drug Stores4461
8Perishable Prepared Food Manufacturing3111
9Drywall and Insulation Contractors2381
10All Other Plastics Product Manufacturing3261

Recent SBA 7(a) approvals by Millennium Bank

MonthBorrowerAmount
2025-08Del*****LLC$5,000,000
2025-03NIY*****LLC$1,615,000
2025-03Vil*****LLC$2,890,000
2025-03OM *****LLC$1,750,000
2025-02SHI*****LLC$809,700
2024-08Moa*****LLC$3,714,000
2024-08K&P*****LLC$2,885,000
2024-08Shy*****Inc$3,850,000
2024-08Ric*****LLC$90,000
2024-08Jay*****LLC$3,531,000
2024-04Alp*****LLC$183,000
2024-02343*****Inc$317,000
2024-02Gon*****LLC$2,495,000
2023-12Tat*****LLC$795,500
2023-11Rol*****LLC$5,000,000
2023-11Eka*****LLC$360,000
2023-11Rei*****LLC$5,000,000
2023-08546*****Inc$5,000,000
2023-05Hot*****LLC$5,000,000
2023-01100*****nc.$3,000,000
2022-12JMP*****LLC$3,062,500
2022-11Jay*****LLC$1,846,200
2022-10JOY*****NC.$620,500
2022-08JD**LLC$350,000
2022-08Hol*****LLC$3,546,200
2022-06Aka*****LLC$5,000,000
2022-05Kri*****LLC$1,350,000
2022-052nd*****Inc$469,700
2022-05Tra*****LLC$4,235,000
2022-05NC *****Inc$3,480,000
2022-03Lem*****LLC$1,192,000
2022-02Kes*****LLC$2,294,000
2022-01Bra*****LLC$255,000
2021-11KAN*****LLC$1,445,000
2021-11ONY*****LLC$5,000,000
2021-11US***$1,310,300
2021-08Jay*****orp$1,317,500
2021-08Tru*****LLC$4,767,500
2021-05SRI*****NC.$1,997,500
2021-03Kri*****LLC$283,000
2020-12Vis*****LLC$4,399,000
2020-11Shr*****Inc$1,937,000
2020-08VS***Inc$630,000
2020-08Arc*****LLC$4,285,000
2020-08Pre*****Inc$401,000
2020-08Th****LLC$930,000
2020-08A4***$1,530,000
2020-05Pri*****LLC$2,140,000
2020-05Mah*****LLC$1,280,000
2020-05Mah*****LLC$1,700,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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