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Shoreham Bank

Warwick, RI 2886

⭐ SBA Preferred Lender
369
Loans Approved
$694.4M
Total Volume
$1.9M
Avg Loan Size
43
States Served

States Served

AlabamaArkansasArizonaCaliforniaColoradoConnecticutFloridaGeorgiaIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaWashingtonWisconsinWyoming

Top Industries Financed

  • Hotels (except Casino Hotels) and Motels
  • Full-Service Restaurants
  • General Freight Trucking, Local
  • Residential Remodelers
  • Limited-Service Restaurants

Quick Summary

Shoreham Bank is an SBA-approved lender headquartered in Warwick, Rhode Island. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 369 SBA 7(a) loans totaling $694.4M, with an average loan size of $1.9M. They serve businesses across 43 states.

About Shoreham Bank

Shoreham Bank is an SBA-approved lender headquartered in Warwick, Rhode Island. Since 2020, they have approved 369 SBA 7(a) loans totaling $694.4M, with an average loan size of $1.9M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 43 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Shoreham Bank an SBA Preferred Lender?

Yes, Shoreham Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Shoreham Bank approved?

According to SBA FOIA public records, Shoreham Bank has approved 369 SBA 7(a) loans totaling $694.4M since 2020. Their average loan size is $1.9M.

What states does Shoreham Bank serve?

Shoreham Bank serves businesses in 43 states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.

How do I apply for an SBA loan with Shoreham Bank?

To apply for an SBA 7(a) loan with Shoreham Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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