New Millennium Bank
FORT LEE, NJ 7024
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Full-Service Restaurants
- Nail Salons
- Hotels (except Casino Hotels) and Motels
- Limited-Service Restaurants
- Coin-Operated Laundries and Drycleaners
Quick Summary
New Millennium Bank is an SBA-approved lender headquartered in FORT LEE, New Jersey. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 324 SBA 7(a) loans totaling $330.5M, with an average loan size of $1.0M. They serve businesses across 18 states.
About New Millennium Bank
New Millennium Bank is an SBA-approved lender headquartered in FORT LEE, New Jersey. Since 2020, they have approved 324 SBA 7(a) loans totaling $330.5M, with an average loan size of $1.0M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 18 states.
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Frequently Asked Questions
Is New Millennium Bank an SBA Preferred Lender?
Yes, New Millennium Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has New Millennium Bank approved?
According to SBA FOIA public records, New Millennium Bank has approved 324 SBA 7(a) loans totaling $330.5M since 2020. Their average loan size is $1.0M.
What states does New Millennium Bank serve?
New Millennium Bank serves businesses in 18 states: Alabama, California, Connecticut, Florida, Georgia, Idaho, Louisiana, Massachusetts, Maryland, North Carolina, New Jersey, New York, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington.
How do I apply for an SBA loan with New Millennium Bank?
To apply for an SBA 7(a) loan with New 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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