SBA lender profile
Millennial Bank
Millennial Bank appears in the public SBA loan data with 31 funded 7(a) loans totaling $38.0M, an average of $1.2M per loan, and an estimated 437 jobs supported. Its SBA lending concentrates in Alabama and the Wholesale Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
31
Total volume
$38.0M
Average loan size
$1.2M
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
437
Programs
7(a)
Bank profile
via FDIC- Total assets
- $200M
- Headquarters
- Leeds, AL
- FDIC cert
- #34460
- Status
- Active
Where Millennial Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Alabama | 25 | $27.9M |
| North Carolina | 1 | $4.2M |
| Florida | 1 | $3.0M |
| Virginia | 1 | $1.3M |
| South Carolina | 1 | $1.0M |
| Texas | 1 | $350K |
What Millennial Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 5 | $7.2M |
| Other Services | 4 | $6.0M |
| Health Care and Social Assistance | 5 | $5.5M |
| Manufacturing | 1 | $5.0M |
| Professional and Technical Services | 3 | $4.7M |
| Accommodation and Food Services | 6 | $2.4M |
Millennial Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 5 | $1.0M |
| 2021 | 7 | $6.0M |
| 2022 | 6 | $4.9M |
| 2023 | 5 | $10.9M |
| 2024 | 7 | $14.8M |
| 2026 | 1 | $270K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Millennial Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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