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New Millennium Bank (NJ)

Welcome to New Millennium Bank New Millennium Bank achieved the New Jersey State Banking Charter on July 12, 1999, and opened its doors for business one week later. Currently located in Fort Lee, New Brunswick and Palisades Park, New Jersey, as well as Bayside

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
# Startup
# Variable Rates
SBA Loan Approvals as of 6/30/25 32
SBA Loans Total Approval Amount as of 6/30/25 $34,339,000
Average SBA Loan Size as of 6/30/25 $1,073,094
Average SBA Loan Rate over Prime (Prime is 7%) 1.13
New Millennium Bank (NJ)

Unlock Your Financial Potential with New Millennium Bank (NJ)

New Millennium Bank, headquartered in New Brunswick, New Jersey, is a community-focused financial institution dedicated to helping small businesses access affordable, flexible capital. As a participating SBA lender, New Millennium Bank provides government-backed financing solutions designed to help entrepreneurs across New Jersey start, grow, and strengthen their businesses.

Key Features of New Millennium Bank

  • Full-Service Business Banking
    Business checking and savings accounts, lines of credit, merchant services, and digital banking tools to support day-to-day operations.

  • SBA Loan Programs
    New Millennium Bank participates in SBA 7(a) and 504 financing, offering long-term, affordable capital for working capital, commercial real estate, expansion, and equipment purchases.

  • Local Decision-Making
    All lending decisions are made by New Jersey-based bankers who understand the local business environment and the needs of diverse industries across the region.

  • Multilingual and Community-Oriented Service
    With deep ties to New Jersey’s multicultural communities, the bank offers relationship-focused service to small business owners who value personalized guidance.

  • Experienced Commercial Lending Team
    New Millennium’s lenders help entrepreneurs navigate the SBA process with step-by-step support and customized loan structuring.

Why Choose New Millennium Bank for SBA Loans?

New Millennium Bank blends the personalized service of a community financial institution with the reliability of an experienced SBA lender. Entrepreneurs benefit from competitive terms, flexible loan structures, and faster approvals — helping them secure the financing needed for expansion, property acquisition, equipment, or working capital.

Whether you're launching a new enterprise or scaling your operations, New Millennium Bank provides the partnership and financial expertise to help your business succeed.

How to Get Started

Ready to grow your business with an SBA loan or other financing solution? Visit the
New Millennium Bank Business Lending page
to explore available SBA programs, review eligibility, and connect with a business lending expert.

Empower your financial future today with New Millennium Bank — where New Jersey entrepreneurs find trusted partners for long-term growth and success.

Industry