New Millennium Bank Small Business Administration Loan(SBA) Program

We are helping small businesses grow and succeed.

SBA programs are designed to assist small businesses in obtaining loan approvals and leverage private capital for use in startup costs, working capital, business procurement, franchise fees, equipment, inventory, or the purchase of owner‐occupied commercial real estate. The program provides a lender with the necessary security, in the form of a partial guarantee, for the lender to approve a loan or line-of-credit. Our reputation for creativity, speed, accuracy, and service is what sets us apart from other lenders.

Contact us today and get approved! (201) 585-6090

Business Checking Accounts

Business Checking Accounts

New Millennium Bank understands your business financial needs. We offer several business checking account options. It's easy to find one that fits your needs, with the service that makes running your business easier. It's a new age in banking service, and there's just no reason to bank anywhere else!

Compare our checking products

New Millennium Business CheckingBusiness Interest CheckingBusiness Escrow CheckingNeighborhood Business CheckingBusiness Checking Account Comparison Chart
It is our job to make your job easier and New Millennium Business Checking is a perfect example. We deliver all the service and convenience you need. It’s smart and flexible—like you.
Running your business is a tough job. Handling the banking should be easy.
HIGHLIGHTS
  • Minimum opening deposit of $100
  • Earnings credit offsets monthly fees and is based on your monthly average collected balance. Earnings credit rate is calculated at 0.25% above the Business Interest Checking Account rate
  • Monthly fee of $10 can be offset by earnings credit allowance
  • Business Debit Card
  • Free online banking with bill payment
  • Convenient monthly statement shows images of every check processed
  • Duplicate monthly statements available for direct mailing to your accountant, attorney, or others
  • Free employee checking account program
  • E-Statements available
  • Per Item Fees: (Can be offset by earnings credit allowance)
  • Check Fees $0.17 per check
  • Deposit Fees $0.17 per deposit
  • Deposited Item Fees $0.17 per item
This interest-bearing account provides outstanding service benefits to sole proprietorships, not-for-profit agencies and government entities. Start today and enjoy the friendly convenience of New Millennium banking.
Smart banking for sole proprietorships, not-for-profits and municipalities.
HIGHLIGHTS

  • Minimum opening deposit of $500
  • Earns interest on your daily collected balance
  • Free of Minimum Balance Fee when you maintain a daily balance of $5,000 or more. If your balance falls below the minimum, a $20 Minimum Balance Fee applies for that statement period
  • Business Debit Card
  • Free online banking with bill payment
  • Convenient monthly statement shows images of every check processed
  • Duplicate monthly statements available for direct mailing to your accountant, attorney or others
  • Free employee checking account program
  • E-Statements available
Stop wasting your time trying to unscramble complex escrow transactions. We can relieve your escrow account headaches so you can make the most productive use of your time.
Your time is valuable and our service is Free; a Smart Start for your Escrow Banking Needs.
HIGHLIGHTS
  • Unlimited sub-accounts
  • Add sub-accounts with a deposit slip
  • Up-to-the-minute balance information
  • View and download account activity via secure website
  • No service charges
  • No maintenance fees
  • Comprehensive monthly statement includes images of all deposits and
    checks paid
  • Year-end 1099-INT tax statements mailed directly to your clients if applicable
  • Full branch service daily from 8:30 am to 5:00 pm
  • Daily fax reports available
  • One checkbook covers master and sub-accounts
  • QuickBooks® compatible checks available
Neighborhood businesses are the cornerstone of America’s great success stories. New Millennium Bank salutes you with a checking account that’s big on service and easy on your budget, plus true neighborhood convenience!
Your business partner — right around the corner
HIGHLIGHTS
  • Minimum opening deposit of $100
  • Free of Minimum Balance Fee when you maintain a minimum daily balance of $500 or more. If your balance falls below the minimum, a $20 Minimum Balance fee applies for that statement period
  • No per-item fees on the first:
    • 50 checks paid per month
    • 25 deposit tickets per month
    • 200 items deposited per month
  • For each item processed above these limits:
    • Check Fees $0.17 per check
    • Deposit Fees $0.17 per deposit
    • Deposited Item Fees $0.17 per item
  • Business Debit Card
  • Free online banking with bill payment
  • Convenient monthly statement shows images of every check processed
  • Duplicate monthly statements available for direct mailing to your accountant, attorney, or others
  • Free employee checking account program
  • E-Statements available
New Millennium Bank understands your business financial needs. We offer several business checking account options. It's easy to find one that fits your needs, with the service that makes running your business easier. It's a new age in banking service, and there's just no reason to bank anywhere else!

Business Checking Account Comparison Chart

  New Millennium Business Checking Business Interest* Checking Neighborhood Business Checking
Minimum Opening Deposit $100 $500 $100
Minimum Balance to Avoid Fees Earnings Credit Account $5,000 $500
Minimum Balance Fee $0 $20 $20
Monthly Fee $10 can be offset by earnings credit allowance $0 $0
Per Item Fees Can be offset by earnings credit allowance • Check Fees $0.17 • Deposit Fees $0.17 • Deposited Item Fees $0.17 N/A First 50 checks, 25 deposit tickets and 200 items deposited per month no per item fees; over these limits: • Check Fees $0.17 • Deposit Fees $0.17 • Deposited Item Fees $0.17
ATM Fees NO Fees by NMB NO Fees by NMB NO Fees by NMB
Debit Card FREE FREE FREE
Online Banking FREE FREE FREE
Online Bill Payment FREE FREE FREE
Member FDIC A fee for paying overdrafts and/or a fee for returning overdrafts may apply. Fees may reduce earnings.
* For Sole Proprietorships, Not-For-Profits & Municipalities.
Get Started Now

Grow your business with an affordable, easy business loan

If you’re planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan
Get Started Now

Our Branches

  • Headquarter
  • Fort Lee, NJ 07024
  • (201)585-6090
  • New Brunswick
  • NJ 08901
  • (732)729-1100
  • Franklin Township
  • NJ 08873
  • (732)805-3901
  • Fort Lee
  • NJ 07024
  • (201)944-1110
  • Bayside
  • NY 11361
  • (347)836-4914
  • Duluth
  • GA 30096 (LPO)
  • (770)291-2198

Contact Us

Our Corporate Office & Corp. Branch Open

Monday - Friday
9:00am - 5:00pm

Saturday
Closed

Sunday
Closed

Our Branch Open

Monday - Friday
8:30am - 5:00pm

Saturday
9:00am - 1:00pm

Sunday
Closed

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