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Shoreham Bank
Warwick, RI · High-Volume Lender · National rank #60
Shoreham Bank approved 153 SBA 7(a) loans in FY2025, ranking #60 nationally among SBA lenders. Its average loan size was about $920,876, with the most loans made in Ohio, Michigan, and Illinois.
Shoreham Bank is an SBA 7(a) lender headquartered in Warwick, RI. According to FY2025 SBA 7(a) lender activity data, Shoreham Bank approved 153 SBA 7(a) loans totaling $140,894,000 in gross approved dollars, with $106,582,500 backed by SBA guaranty. The average loan size across these approvals was $920,876.
Based on this FY2025 volume, Shoreham Bank ranks #60 nationally among SBA 7(a) lenders by approved loan volume. While headquartered in Rhode Island, the bank's FY2025 SBA lending activity shows its highest loan counts in Ohio (16 loans), Michigan (10 loans), and Illinois (10 loans). Beyond these top states, SBA 7(a) activity data lists Shoreham Bank as serving borrowers across a broad footprint of states, including California, Texas, New York, Massachusetts, Georgia, Florida, Arizona, Pennsylvania, and many others, totaling 38 states in this dataset.
This spread of activity across states distant from its Rhode Island headquarters indicates that Shoreham Bank's SBA 7(a) lending in FY2025 was not concentrated solely in its home state or immediate region. All figures presented here — loan counts, dollar volume, guaranty amounts, average loan size, and state-level activity — are drawn exclusively from FY2025 SBA 7(a) lender activity data and do not reflect interest rates, underwriting criteria, or likelihood of loan approval.
Where Shoreham Bank lends
| State | Loans | Dollars |
|---|---|---|
| Ohio | 16 | $38,000,000 |
| Indiana | 8 | $18,785,000 |
| Michigan | 10 | $13,975,000 |
| Illinois | 10 | $9,797,500 |
| Oregon | 3 | $7,815,000 |
| Massachusetts | 6 | $6,050,000 |
| Wisconsin | 2 | $6,040,000 |
| Texas | 8 | $5,905,000 |
| Missouri | 2 | $5,825,000 |
| Colorado | 1 | $4,100,000 |
| Minnesota | 2 | $3,130,000 |
| Rhode Island | 7 | $3,055,000 |
| Nevada | 2 | $2,900,000 |
| Iowa | 3 | $2,493,500 |
| Oklahoma | 1 | $1,755,000 |
Questions people ask
Is Shoreham Bank an SBA lender?
Yes, Shoreham Bank is listed as an SBA 7(a) lender based on FY2025 SBA lender activity data.
How many SBA 7(a) loans did Shoreham Bank approve in FY2025?
Shoreham Bank approved 153 SBA 7(a) loans in FY2025.
What was Shoreham Bank's total SBA 7(a) loan volume in FY2025?
Total approved dollars came to $140,894,000 in FY2025.
What is Shoreham Bank's average SBA loan size?
The average SBA 7(a) loan size was $920,876 in FY2025.
Where is Shoreham Bank headquartered?
Shoreham Bank is headquartered in Warwick, RI.
Where is Shoreham Bank most active for SBA lending?
In FY2025, its top states by loan count were Ohio (16 loans), Michigan (10 loans), and Illinois (10 loans).
Is Shoreham Bank a national or regional SBA lender?
Based on FY2025 data showing activity across 38 states, Shoreham Bank operates as a national SBA lender rather than one limited to its home region.
How does Shoreham Bank rank by SBA loan volume?
Shoreham Bank ranks #60 nationally by FY2025 SBA 7(a) approved loan volume.
How much SBA guaranty backed Shoreham Bank's FY2025 loans?
SBA guaranty dollars totaled $106,582,500 for its FY2025 approved loans.
Does Shoreham Bank only lend in Rhode Island?
No, FY2025 data shows Shoreham Bank's SBA 7(a) loans reaching borrowers in 38 states, with the most activity in Ohio, Michigan, and Illinois.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Shoreham Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.