Millennium Bank
Headquartered in DES PLAINES, IL. Analysis based on 245 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $531.1M.
Total 7(a) loans
245
Total approved
$531.1M
Average loan
$2.2M
States funded in
24
Charge-off rate
0.59%
FY2020–FY2023 cohort
Paid-in-full rate
29.59%
Average rate
7.29%
Average term
277 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 137 |
| 447110 | Gasoline Stations with Convenience Stores | 15 |
| 722511 | Full-Service Restaurants | 10 |
| 445310 | Beer, Wine, and Liquor Stores | 8 |
| 812112 | Beauty Salons | 5 |
| 484121 | General Freight Trucking, Long Distance, Truckload | 3 |
| 561431 | Private Mail Centers | 2 |
| 445120 | Convenience Stores | 2 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 2 |
| 713940 | Fitness and Recreational Sports Centers | 2 |
Top 10 states
| State | Loans |
|---|---|
| IL | 131 |
| IN | 35 |
| WI | 13 |
| MI | 10 |
| GA | 9 |
| TX | 8 |
| OH | 6 |
| MN | 5 |
| TN | 4 |
| IA | 3 |
Top franchise brands financed
149 franchise loans across 68 distinct brands.
| Franchise | Loans |
|---|---|
| Super 8 by Wyndhan | 9 |
| Comfort Inn by Choice Hotels/C | 8 |
| Econo Lodge by Choice Hotels/E | 7 |
| Motel 6 | 6 |
| Quality Inn by Choice Hotels / | 5 |
| Amazing Lash Studio | 5 |
| Baymont by Wyndham aka Baymont | 5 |
| Best Western - Membership Agre | 5 |
| OYO - Marketing and Operationa | 4 |
| Rodeway Inn by Choice Hotels/R | 4 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.