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 approval on record since 2020 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 | Loans since 2020 | 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% |
Borrower profile
- 44.8% of its recent SBA loans 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.
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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. 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.