Shoreham Bank
RI
SBA-approved lender offering 7 loan programs across 38 industries.
Key Metrics
Interest Rate
9.88%
3.13% over prime
Average Loan
$921K
Per approval
Total Approvals
153
FY 2025
Loan Programs (7)
7a General
Change of Ownership
Existing or more than 2 years old
Fixed Rates
New Business or 2 years or less
Loan Funds will Open Business
International Trade Loans
Industries Served (38)
All Other Amusement and Recreation IndustriesAll Other Miscellaneous Crop FarmingAll Other Personal ServicesAll Other Professional, Scientific, and Technical ServicesChild Day Care ServicesCoin-Operated Laundries and DrycleanersCommercial Gravure PrintingConstruction, Mining, and Forestry Machinery and Equipment Rental andElectrical ContractorsElementary and Secondary SchoolsFlooring ContractorsFull-Service RestaurantsGeneral Automotive RepairGeneral Freight Trucking, LocalGeneral Freight Trucking, Long Distance, TruckloadHomes for the ElderlyHotels (except Casino Hotels) and MotelsJanitorial ServicesLandscaping ServicesLimited-Service RestaurantsNew Multifamily Housing Construction (except Operative Builders)Nursing Care FacilitiesOffices of Mental Health Practitioners (except Physicians)Offices of Physical, Occupational and Speech Therapists, and AudiologiOther Activities Related to Real EstateOther Building Finishing ContractorsOther Computer Related ServicesOther Grocery and Related Products Merchant WholesalersOther Personal Care ServicesOther Personal and Household Goods Repair and MaintenanceOther Support Activities for Road TransportationResidential RemodelersRetail BakeriesSnack and Nonalcoholic Beverage BarsSupermarkets and Other Grocery (except Convenience) StoresTitle Abstract and Settlement OfficesUsed Car DealersWater and Sewer Line and Related Structures Construction
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 3.13%
- Effective Rate
- 9.88%
- Fiscal Year
- 2025
- States Served
- RI
- Website
- www.shoreham.bank
Ready to apply with Shoreham Bank?
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