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Millennium Bank is a business and relationship bank headquartered in Des Plaines, Illinois, committed to providing traditional banking services to minority, underserved, and traditionally disadvantaged small business customers. The bank is one of the largest SBA lenders in the Midwest and offers comprehensive personal and business banking services, including checking, savings, lending, and digital banking solutions.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of March 31, 2026
Median
$2.6M
Average
$3.1M
Sweet Spot
$4M-$5M
Industries with highest loan volume
Hotels (except Casino Hotels) and Motels
12
loans
$3.3M
avg. amount
Hotels (except Casino Hotels) and Motels
Loans
12
Avg. Amount
$3.3M
Convenience Retailers
1
loans
$317K
avg. amount
Convenience Retailers
Loans
1
Avg. Amount
$317K
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.75% |
| $500K-$1M | Prime + 2.25% |
| $1M-$2M | Prime + 2.25% |
| $2M-$3M | Prime + 1.88% |
| $4M-$5M | Prime + 1.75% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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