New Millennium Bank
21 recorded SBA 7(a) acquisition approvals. Explore the industries, locations and loan sizes in its reported portfolio.
- Acquisitions financed
- 21
- Total approved
- $19.3M
- Median loan
- $450K
- Middle half of loans
- $300K to $550K
- Median starting rate
- 9.00%
- Median term
- 10 yrs
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Where the approvals cluster
The SBA file shows approvals across 10 industries and 5 states and territories. The largest industry by count was Nail Salons (4 of 21 approvals). New Jersey had the highest count among recorded project locations (9).
The median approved loan was $450K versus $707K across the index for FY2024–FY2026. This profile is based on a small sample. Differences can reflect which industries, markets and deal sizes the lender serves.
Industries by approval count
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Nail Salons | 4 | 19% | $390K | $1.6M |
| 2 | Drycleaning and Laundry Services (except Coin-Operated) | 4 | 19% | $310K | $1.1M |
| 3 | Coin-Operated Laundries and Drycleaners | 3 | 14% | $1.1M | $4.7M |
| 4 | Full-Service Restaurants | 3 | 14% | $150K | $900K |
| 5 | Cosmetics, Beauty Supplies, and Perfume Retailers | 2 | 10% | $415K | $830K |
| 6 | Gasoline Stations with Convenience Stores | 1 | 5% | $5.0M | $5.0M |
| 7 | Hotels (except Casino Hotels) and Motels | 1 | 5% | $4.1M | $4.1M |
| 8 | All Other Personal Services | 1 | 5% | $480K | $480K |
| 9 | Sports and Recreation Instruction | 1 | 5% | $464K | $464K |
| 10 | Paint and Wallpaper Retailers | 1 | 5% | $200K | $200K |
Project locations
| # | State | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | New Jersey | 9 | 43% | $464K | $3.9M |
| 2 | New York | 8 | 38% | $350K | $5.5M |
| 3 | Washington | 2 | 10% | $2.6M | $5.2M |
| 4 | Idaho | 1 | 5% | $4.1M | $4.1M |
| 5 | Texas | 1 | 5% | $650K | $650K |