Shoreham Bank: SBA Lending Profile
Shoreham Bank is an FDIC-insured bank, headquartered in Warwick, RI. It is a national lender, with SBA loans on record in 44 states and territories. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes Shoreham Bank actually approves
The median SBA approval at Shoreham Bank is $1,735,000. The middle 80% of its loans fall between $100,000 and $4,694,500. The smallest funded approval in the available source window is $25,000 and the largest is $5,000,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Industries it funds most
| Industry | Funded loans in source data | Share |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 219 | 59% |
| Full-Service Restaurants | 8 | 2.2% |
| Beer, Wine, and Liquor Retailers | 6 | 1.6% |
| General Freight Trucking, Local | 6 | 1.6% |
| Residential Remodelers | 5 | 1.3% |
| Limited-Service Restaurants | 5 | 1.3% |
| Other Activities Related to Real Estate | 5 | 1.3% |
| Gasoline Stations with Convenience Stores | 4 | 1.1% |
| Snack and Nonalcoholic Beverage Bars | 4 | 1.1% |
| All Other Personal Services | 4 | 1.1% |
| All Other Amusement and Recreation Industries | 4 | 1.1% |
| RV (Recreational Vehicle) Parks and Campgrounds | 3 | 0.8% |
How fast Shoreham Bank actually funds
Approval is not money in the bank. Across 364 loans where both dates are on record, the typical gap between SBA approval and first disbursement at Shoreham Bank is 16 days. Half its loans fund between 9 and 29 days. The typical SBA lender takes about 20 days, so this is roughly in line with the market.
Lending momentum
Shoreham Bank is expanding its SBA program. Approvals are up 317.6% from FY2023 to FY2025, which usually means an active appetite and a team that wants deals.
Funded approvals by SBA fiscal year (October to September). FY2026 is excluded because it is still in progress.
Borrower profile
- 44.8% of its funded SBA records with known business age went to startups or businesses under two years old, which is high, most SBA lenders skew heavily toward established companies.
- Collateral was taken on 100% of its recent SBA loans.
- 28% of its loans carry fixed rates; the rest are variable.
Smarter Business Funding
Find out what your business could qualify for
Answer six quick questions and get your business funding profile. We match it against real SBA lending records and follow up personally. No credit check, about 60 seconds.
Start your funding profile →Owner Experiences
Worked with Shoreham Bank? Tell other owners.
Real experiences from business owners help others pick the right lender. Reviews are screened before publishing. We never pay for reviews, and lenders cannot pay to change or remove them.
Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. Funding speed is the median gap between approval date and first disbursement date in SBA records. Some lenders report disbursement at month end, which can round the figure upward. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by Shoreham Bank.