Standard 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) Standard Loans

Shoreham Bank offers SBA 7(a) Loans up to $5,000,000 with Terms up to 25 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

$5,000,000

 

75% SBA Guaranty

 

Terms Up To

25 Years

 

No Prepayment Penalty Under 15 Years

Lending

Nationwide

 

Lending in All 50 States

 












Use of Funds:

Purchase of Commercial Real Estate, Refinance of Business Debt, Renovations, Business Expansion, Working Capital, Partner Buyout, Business Acquisition, Inventory Restocking, Equipment Purchase, Change of Ownerships, and more.

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 DSCR of 1.25 (Historical or Projections)
    • Current on All Government Related Loans
    • Must be Organized for Profit.

Ineligible Industries & Businesses:

    • Non-Profits
    • Financial Businesses Primarily Engages in Lending
    • Investment Properties
    • Life Insurance Carriers
    • Businesses Engages in illegal Activities
    • Religious Activities
    • Speculative Businesses (Such as Oil Wildcatting)
*Please note, this is only some of the ineligible industries and businesses, please contact to confirm eligibility.
 

Apply Online Today 

 

Apply Now

 

Or Contact our Commercial Lending Team

 
 
 
 
 
 
 
 
All loans subject to credit approval.