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SBA Loans

About SBA Loans

As a U.S. Small Business Administration (SBA) Approved Lender, BankNewport can support your business financing needs with a full complement of SBA Loans, including lines of credit, term loans, equipment loans, business acquisition loans, and commercial mortgages.

If you aren’t familiar with SBA business loans, that’s okay – we’re here to help. As with any of our services, we’ll be by your side from start to finish. With our SBA expertise, we are uniquely qualified to match requests to the right product.

In 2019, BankNewport received the Rhode Island 504 Lender of the Year! We originated the highest number of loans among all banks in Rhode Island through the U.S. Small Business Administration's 504 loan program during the federal fiscal year that ended September 30, 2019.

Learn More at the U.S. Small Business Administration Site go to SBA.gov

The BankNewport Advantage

Not every business fits into a particular box, so BankNewport offers a variety of special SBA loan programs to suit your particular needs and goals.

SBA 7(a) Loan Program

The 7(a) Loan Program guarantees financing for a wide array of general business purposes. This program helps keep your commercial mortgage payment lower and improves cash flow. Your 7(a) loan options include our Express Program, Export Loan Program, or Special Purpose Loans Program.

SBA 504 Loan Program

Ideal for commercial real estate purchases or the expansion of your business. These are delivered in conjunction with Certified Development Companies, more commonly referred to as CDCs. The major benefits of this program are long-term, fixed-rate financing and lower down payments.