New Millennium Bank
NJ
SBA-approved lender offering 6 loan programs across 7 industries.
Key Metrics
Interest Rate
7.88%
1.13% over prime
Average Loan
$1.2M
Per approval
Total Approvals
36
FY 2025
Loan Programs (6)
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Fixed Rates
Industries Served (7)
Automobile Driving SchoolsDental LaboratoriesDrycleaning and Laundry Services (except Coin-Operated)Exam Preparation and TutoringFruit and Vegetable MarketsFull-Service RestaurantsPaint and Wallpaper Stores
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.13%
- Effective Rate
- 7.88%
- Fiscal Year
- 2025
- States Served
- NJ
- Website
- nmbonline.com
Ready to apply with New Millennium Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.