GetFundedUSA › SBA Lenders › BankNewport
BankNewport
Middletown, RI · Active Lender · National rank #113
BankNewport approved 76 SBA 7(a) loans in FY2025, ranking #113 nationally among SBA lenders. Its lending was concentrated primarily in Rhode Island, with an average loan size of $63,454.
BankNewport is an SBA 7(a) lender headquartered in Middletown, Rhode Island. According to FY2025 SBA 7(a) lender activity data, BankNewport approved 76 SBA 7(a) loans during the fiscal year, totaling $4,822,500 in approved loan dollars. The SBA guaranty portion of this activity amounted to $2,411,250. The average loan size across these approved loans was $63,454, indicating a portfolio weighted toward smaller-dollar transactions.
Based on FY2025 SBA activity records, BankNewport ranks #113 nationally among SBA 7(a) lenders by loan volume. Its lending activity was concentrated in two states: Rhode Island, where it approved 72 loans, and Massachusetts, where it approved 4 loans. This distribution shows that the vast majority of BankNewport's SBA 7(a) lending occurred in its home state, with a small amount of activity extending into the neighboring state of Massachusetts.
This profile reflects only the figures reported in FY2025 SBA 7(a) lender activity data. It does not include information on interest rates, loan terms, underwriting criteria, or approval likelihood, as such details are not part of the underlying dataset. Borrowers seeking additional information about BankNewport's SBA lending programs should consult the lender directly, as this summary is limited strictly to the loan volume and geographic data provided.
Where BankNewport lends
| State | Loans | Dollars |
|---|---|---|
| Rhode Island | 72 | $4,537,500 |
| Massachusetts | 4 | $285,000 |
Questions people ask
Is BankNewport an SBA lender?
Yes, BankNewport is an SBA 7(a) lender, according to FY2025 SBA lender activity data.
How many SBA 7(a) loans did BankNewport approve in FY2025?
BankNewport approved 76 SBA 7(a) loans in FY2025.
What was the total dollar amount of BankNewport's approved SBA loans?
BankNewport's approved SBA 7(a) loans totaled $4,822,500 in FY2025.
What is BankNewport's average SBA loan size?
The average SBA 7(a) loan size for BankNewport was $63,454 in FY2025.
What was the SBA guaranty amount for BankNewport's loans?
The SBA guaranty portion of BankNewport's FY2025 loans totaled $2,411,250.
Where is BankNewport headquartered?
BankNewport is headquartered in Middletown, Rhode Island.
Where is BankNewport most active in SBA lending?
BankNewport is most active in Rhode Island, with 72 loans, followed by Massachusetts with 4 loans.
Is BankNewport a national or regional SBA lender?
Based on its concentration of loans in Rhode Island and Massachusetts, BankNewport operates as a regional SBA lender.
How does BankNewport rank nationally by SBA loan volume?
BankNewport ranks #113 nationally among SBA 7(a) lenders in FY2025 activity data.
Does BankNewport lend outside of Rhode Island?
Yes, BankNewport also approved 4 SBA 7(a) loans in Massachusetts in FY2025.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with BankNewport; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.