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BankNewport

Middletown, RI 2842

130
Loans Approved
$9.8M
Total Volume
$76K
Avg Loan Size
3
States Served

States Served

ConnecticutMassachusettsRhode Island

Top Industries Financed

  • Full-Service Restaurants
  • Landscaping Services
  • All Other Specialty Trade Contractors
  • New Single-Family Housing Construction (except Operative Builders)
  • Limited-Service Restaurants

Quick Summary

BankNewport is an SBA-approved lender headquartered in Middletown, Rhode Island. Since 2020, they have approved 130 SBA 7(a) loans totaling $9.8M, with an average loan size of $76K. They serve businesses across 3 states.

About BankNewport

BankNewport is an SBA-approved lender headquartered in Middletown, Rhode Island. Since 2020, they have approved 130 SBA 7(a) loans totaling $9.8M, with an average loan size of $76K. They serve businesses across 3 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is BankNewport an SBA Preferred Lender?

BankNewport is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has BankNewport approved?

According to SBA FOIA public records, BankNewport has approved 130 SBA 7(a) loans totaling $9.8M since 2020. Their average loan size is $76K.

What states does BankNewport serve?

BankNewport serves businesses in 3 states: Connecticut, Massachusetts, Rhode Island.

How do I apply for an SBA loan with BankNewport?

To apply for an SBA 7(a) loan with BankNewport, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days