Small SBA Loans

Shoreham Bank is approved to offer SBA loan products under SBA’s Preferred Lender Program, which grands us a streamlined paperwork process with delegated authority to approve loans, expediting the approval process.
 

SBA 7(a) Small Loans

Shoreham Bank offers the SBA 7(a) Small Lending Program with Loans up to $150,000 with Terms of 10 Years. We are a Nationwide Lender, and we are a Member of the Preferred Lender Program with the SBA, which expedites the loan approval process. To contact our commercial lending team, call us at (401) 773-9509 or fill out our contact form and a member of our team will reach out to you!
 

Loans Up To

$150,000

 

Working Captial Financing

 

Terms Up To

10 Years

 

No Prepayment Penalty

 

Lending

Nationwide

 

Lending in All 50 States

 












Use of Funds:

Working Capital: Covering Payroll, Utility Payments, Staying Current on Rent, Day-to-Day Operations, Advertising & Marketing, Emergency Expenses, Short Term Operational Expenses.

Eligibility: 

    • Must be a U.S. based business located in the U.S.
    • Entity must be 100% owned and controlled by a U.S. Citizen or Legal Permanent Resident.
    • Fico Score of 620 or Higher
    • Minimum SBSS Score: 180
    • Current on All Government Related Loans.
    • Must be Organized for Profit.
    • Minimum Revenue Requirement: $250,000

Apply Online Today 

 

Apply Now

 

Or Contact our Commercial Lending Team

 
 
 
 
 
 
 
 
All loans subject to credit approval.