BankNewport
RI
SBA-approved lender offering 7 loan programs across 24 industries.
Key Metrics
Interest Rate
11.47%
4.72% over prime
Average Loan
$63K
Per approval
Total Approvals
76
FY 2025
Loan Programs (7)
Existing or more than 2 years old
Fixed Rates
New Business or 2 years or less
SBA Express Program
Variable Rates
Preferred Lenders Program
Change of Ownership
Industries Served (24)
All Other Automotive Repair and MaintenanceAll Other Personal ServicesAll Other Specialty Trade ContractorsApparel Accessories and Other Apparel ManufacturingFinish Carpentry ContractorsFlavoring Syrup and Concentrate ManufacturingFruit and Vegetable MarketsFull-Service RestaurantsInterior Design ServicesJanitorial ServicesLandscaping ServicesLimited-Service RestaurantsMetal Service Centers and Other Metal Merchant WholesalersNew Single-Family Housing Construction (except Operative Builders)Offices of Physicians (except Mental Health Specialists)Offices of Real Estate Agents and BrokersOther Accounting ServicesOther Activities Related to Real EstateOther Foundation, Structure, and Building Exterior ContractorsOther Personal Care ServicesResidential RemodelersSupermarkets and Other Grocery (except Convenience) StoresSurveying and Mapping (except Geophysical) ServicesWater Supply and Irrigation Systems
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 4.72%
- Effective Rate
- 11.47%
- Fiscal Year
- 2025
- States Served
- RI
- Website
- www.banknewport.com
Ready to apply with BankNewport?
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