Millennial Bank approved 19 SBA loans worth $30.9M between October 2021 and June 2026, ranking #920 of 2,283 SBA lenders nationally by loan count. Its median loan was $890,000, and 32% went to startups or businesses under two years old. It lent in 7 states, most often in Alabama, and its most financed industry was wholesale trade.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Alabama | 13 | $20.8M | $872,000 | #39 |
| Florida | 1 | $3.0M | $3,000,000 | #294 |
| Louisiana | 1 | $251K | $251,000 | #139 |
| North Carolina | 1 | $4.2M | $4,190,000 | #204 |
| South Carolina | 1 | $1.0M | $1,000,000 | #165 |
| Texas | 1 | $350K | $350,000 | #387 |
| Virginia | 1 | $1.3M | $1,323,000 | #184 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Wholesale trade | 5 | $890,000 | |
| Restaurants and hotels | 4 | $300,500 | |
| Other services (repair, personal care) | 3 | $696,600 | |
| Health care and social assistance | 2 | $2,309,800 | |
| Professional and technical services | 2 | $2,211,000 | |
| Manufacturing | 1 | $4,975,000 | |
| Retail | 1 | $600,000 | |
| Transportation and warehousing | 1 | $1,323,000 |