Small Business Lending
New Small Business Lending Products from BankNewport
We’re excited to offer our business banking customers two new products with fast,
local decisioning and an easy in-branch application process.
New Small Business Lending Products from BankNewport
We’re excited to offer our business banking customers two new products with fast,
local decisioning and an easy in-branch application process.
| Term Loan |
| Loan amount $10,000-$100,000 |
| Terms 60 Months |
| Interest Rates Fixed Rate |
| Loan Amount | $10,000-$100,000 | $10,000-$100,000 |
| Terms | 60 Months |
Minimum 12 Months Maximum Subject to Annual Review |
| Interest Rate | Fixed Rate | Variable |
Term Loan Benefits
Plan Investments in Your Business
Get the funds you need for capital expenditures or permanent working capital
60 Month Term Financing
Keep your payments predictable over a longer term
No Prepayment Penalty
Enjoy the freedom of being able to pay off your small business loan early
| Revolving Line of Credit |
| Loan amount $10,000-$100,000 |
| Terms Minimum 12 Months Maximum Subject to Annual Review |
| Interest Rates Variable |
Revolving Line of Credit Benefits
Perfect for Working Capital
Prepare your small business for anything as your cash flow needs change
Convenient Access to Funds
Draw funds anytime from your line of credit directly into your
BN Business Checking account
A More Flexible Option
Funds become available again as you pay down your balance, and only pay interest on what you use
An SBA Guaranty, using the SBA Express Program, may be required for certain loans. (Loan will be subject to SBA eligibility requirements. Some fees may apply.)
Visit a Branch to Apply
Visit a Branch to Apply
Frequently Asked Questions
How and where can I apply?
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Every BankNewport Business Banking customer is eligible to apply for a Small Business Term Loan/Line of Credit in their local branch. We plan to make the application available to businesses with online credentials soon.
How much funding can I apply for?
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Term Loans and Lines of Credit can be approved between $10,000 and $100,000, for a total maximum credit exposure of $200,000.
Will applying for a BankNewport Small Business Loan impact my credit score?
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A consumer and a commercial credit report will be pulled during the application process. Applying for a Small Business Term Loan/Line of Credit will not have an impact on your personal credit score.
What financial statements or documents do I need to submit to apply?
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We are striving to keep this process as simple as possible, however after reviewing your initial application, we may require additional financial statements or forms to be submitted.
What does your loan closing process look like?
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Our entire process is designed to be completely digital, including signing all documentation electronically. We charge a nominal documentation fee of $250.00 upon funding.
OceanPoint Marine Lending
EXPERIENCED MARINE FINANCING
Present or future boaters can find personalized marine financing programs for new and used boats and refinancing existing boat loans. Competitive rates, dedicated buyer support, quick access to funds, and more.
BNWise
FINANCIAL EDUCATION PROGRAM
BNWise offers the knowledge and skills you need to make the best financial decision for you, your family, or your business.
