Millennium Bank: SBA Lending Activity & Industry Focus
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.
Sweet spot: $1M–$5M loans
55% of Millennium Bank's SBA loans fall in the $1M–$5M range. Their typical loan (median) is $1,822,000, with the middle 50% of loans between $795,500 and $3,531,000. 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.
Declining SBA activity
Millennium Bank's SBA lending has slowed recently — 6 approvals in the last 6 months vs. 11 in the prior period (-45%). This could reflect tighter credit standards, strategic shifts, or seasonal variation.
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
Loan size distribution
Based on 183 SBA 7(a) approvals
Summary
Median (50th percentile)
$1,822,000
25th percentile
$795,500
75th percentile
$3,531,000
Average
$2,228,704
Typical range
State-by-state lending activity
| # | State | Approvals |
|---|---|---|
| 1 | Illinois | 25 |
| 2 | Indiana | 5 |
| 3 | Wisconsin | 5 |
| 4 | Michigan | 3 |
| 5 | Georgia | 3 |
| 6 | Arkansas | 1 |
| 7 | Florida | 1 |
| 8 | Iowa | 1 |
| 9 | Missouri | 1 |
| 10 | Mississippi | 1 |
| 11 | New Mexico | 1 |
| 12 | Texas | 1 |
| 13 | West Virginia | 1 |
| 14 | New Jersey | 1 |
Millennium Bank by industry
Industry focus
Recent SBA 7(a) approvals by Millennium Bank
| Month | Borrower | Location | Industry | Amount |
|---|---|---|---|---|
| 2025-12 | A &*****LLC | Elkhart, IN | Hotels (except Casino Hotels) and Motels | $3,485,000 |
| 2025-11 | Roo*****LLC | Dalton, GA | — | $142,000 |
| 2025-08 | Del*****LLC | Schaumburg, IL | Hotels (except Casino Hotels) and Motels | $5,000,000 |
| 2025-07 | Med*****orp | Chicago, IL | Medical Laboratories | $2,868,000 |
| 2025-06 | Wil*****LLC | Canton, GA | Fitness and Recreational Sports Centers | $51,500 |
| 2025-04 | Ava*****LLC | Laredo, TX | Hotels (except Casino Hotels) and Motels | $4,250,000 |
| 2025-03 | Vil*****LLC | Germantown, WI | Hotels (except Casino Hotels) and Motels | $2,890,000 |
| 2025-03 | NIY*****LLC | Chicago, IL | Hotels (except Casino Hotels) and Motels | $1,615,000 |
| 2025-03 | OM *****LLC | Chicago, IL | — | $1,750,000 |
| 2025-02 | SHI*****LLC | Galesburg, IL | — | $809,700 |
| 2025-01 | Rah*****ted | North Chicago, IL | — | $945,000 |
| 2024-12 | Ohi*****LLC | Columbus, OH | Hotels (except Casino Hotels) and Motels | $5,000,000 |
| 2024-11 | M.H*****ORP | Chicago, IL | Supermarkets and Other Grocery (except Convenience) Stores | $565,000 |
| 2024-10 | Aad*****LLC | Mckinney, TX | Full-Service Restaurants | $500,000 |
| 2024-10 | Nor*****LLC | Cohutta, GA | General Freight Trucking, Long Distance, Truckload | $1,332,000 |
| 2024-10 | Lil*****LLC | Adairsville, GA | Child Day Care Services | $1,822,000 |
| 2024-10 | Shy*****Inc | Rockford, IL | Hotels (except Casino Hotels) and Motels | $5,000,000 |
| 2024-09 | Qui*****LLC | Chattanooga, TN | Offices of Physicians (except Mental Health Specialists) | $255,000 |
| 2024-09 | LHG*****Inc | Waukegan, IL | Hotels (except Casino Hotels) and Motels | $5,000,000 |
| 2024-09 | A &*****ion | Kingsport, TN | Hotels (except Casino Hotels) and Motels | $2,192,000 |
| 2024-09 | Gay*****LLC | Roseland, IN | Hotels (except Casino Hotels) and Motels | $2,790,500 |
| 2024-09 | Niy*****LLC | Deerfield, IL | Hotels (except Casino Hotels) and Motels | $5,000,000 |
| 2024-09 | Fri*****LLC | South Holland, IL | Hotels (except Casino Hotels) and Motels | $860,000 |
| 2024-09 | Axr*****Inc | Saint Joseph, MI | Hotels (except Casino Hotels) and Motels | $1,500,000 |
| 2024-09 | Dre*****LLC | South Holland, IL | Hotels (except Casino Hotels) and Motels | $2,630,000 |
| 2024-08 | Moa*****LLC | Little Chute, WI | — | $3,714,000 |
| 2024-08 | K&P*****LLC | Adairsville, GA | Hotels (except Casino Hotels) and Motels | $2,885,000 |
| 2024-08 | Shy*****Inc | Springfield, IL | Hotels (except Casino Hotels) and Motels | $3,850,000 |
| 2024-08 | Har****LLC | East Bethal, MN | Gasoline Stations with Convenience Stores | $1,294,500 |
| 2024-08 | Ric*****LLC | Calhoun, GA | Other Commercial and Industrial Machinery and Equipment Rental and Lea | $90,000 |
| 2024-08 | Hoo*****LLC | Coloma, WI | — | $4,615,000 |
| 2024-08 | Jay*****LLC | Franklin Park, IL | All Other Plastics Product Manufacturing | $3,531,000 |
| 2024-07 | Bro*****LLC | BARTLETT, IL | Full-Service Restaurants | $500,000 |
| 2024-07 | REI*****LLC | Palm Springs, CA | Hotels (except Casino Hotels) and Motels | $5,000,000 |
| 2024-07 | Rad*****LLC | West Lafayette, IN | Hotels (except Casino Hotels) and Motels | $5,000,000 |
| 2024-07 | Shi*****Inc | East Peoria, IL | Snack and Nonalcoholic Beverage Bars | $440,000 |
| 2024-07 | Kri*****LLC | Geneva, IL | Fitness and Recreational Sports Centers | $366,000 |
| 2024-06 | Urb*****LLC | Saint Charles, IL | All Other Amusement and Recreation Industries | $1,832,000 |
| 2024-06 | Ris*****Inc | Chicago, IL | — | $700,000 |
| 2024-04 | Bot*****LLC | Botkins, OH | Hotels (except Casino Hotels) and Motels | $1,000,000 |
| 2024-04 | Foa*****ion | Calhoun, GA | All Other Rubber Product Manufacturing | $5,000,000 |
| 2024-04 | Alp*****LLC | Calhoun, GA | Drywall and Insulation Contractors | $183,000 |
| 2024-03 | Bab*****LLC | Schaumburg, IL | Limited-Service Restaurants | $171,500 |
| 2024-03 | K&A*****LLC | Frankfort, IN | Hotels (except Casino Hotels) and Motels | $2,115,000 |
| 2024-02 | 343*****Inc | Decatur, IL | — | $317,000 |
| 2024-02 | Var*****LLC | Urbana, IL | Hotels (except Casino Hotels) and Motels | $2,718,700 |
| 2024-02 | Gon*****LLC | Osage Beach, MO | Hotels (except Casino Hotels) and Motels | $2,495,000 |
| 2024-01 | Shu*****Inc | Battle Creek, MI | Hotels (except Casino Hotels) and Motels | $1,000,000 |
| 2023-12 | Tat*****LLC | Franklin Park, IL | Perishable Prepared Food Manufacturing | $795,500 |
| 2023-12 | 330*****LLC | Chicago, IL | Drycleaning and Laundry Services (except Coin-Operated) | $2,465,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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