SBA lender profile
BankNewport
BankNewport appears in the public SBA loan data with 333 funded 7(a) loans since FY2010, totaling $35.1M, an average of $105K per loan, and an estimated 2,750 jobs supported. Its SBA lending concentrates in Rhode Island and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 0.3%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 92
- Scale 63
- Activity 55
- Consistency 80
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is BankNewport the right lender for you?
Lenders fund what they know. BankNewport's SBA lending concentrates in Rhode Island (319 loans) and Accommodation and Food Services (53 loans), at an average loan of $105K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $3.1B
- Headquarters
- Middletown, RI
- FDIC cert
- #18129
- Status
- Active
Where BankNewport lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Rhode Island | 319 | $32.8M |
| Massachusetts | 12 | $2.2M |
| Connecticut | 2 | $175K |
Metro areas where BankNewport funds
What BankNewport funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 53 | $7.8M |
| Manufacturing | 20 | $5.4M |
| Retail Trade | 52 | $4.6M |
| Construction | 43 | $4.3M |
| Health Care and Social Assistance | 23 | $2.5M |
| Administrative and Support | 27 | $2.2M |
BankNewport SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 33 | $5.3M |
| 2011 | 14 | $4.5M |
| 2012 | 18 | $3.2M |
| 2013 | 20 | $2.8M |
| 2014 | 16 | $2.0M |
| 2015 | 21 | $1.6M |
| 2016 | 37 | $2.2M |
| 2017 | 10 | $633K |
| 2018 | 13 | $1.1M |
| 2019 | 7 | $885K |
| 2020 | 8 | $1.1M |
| 2021 | 1 | $100K |
| 2023 | 1 | $100K |
| 2024 | 35 | $3.2M |
| 2025 | 76 | $4.8M |
| 2026 | 23 | $1.5M |
Related SBA lenders
Other lenders active in Rhode Island or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
BankNewport: frequently asked questions
Does BankNewport offer SBA loans?
Yes. BankNewport appears in the public SBA data with 333 funded SBA 7(a) loans totaling $35.1M.
How many SBA loans has BankNewport made?
BankNewport is associated with 333 SBA 7(a) loans totaling $35.1M in the public SBA data (as of 2026-03-31).
What is BankNewport's SBA charge-off rate?
About 0.3% of BankNewport's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does BankNewport do most of its SBA lending?
BankNewport's SBA lending in the data is most concentrated in Rhode Island, and by industry in Accommodation and Food Services.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). BankNewport SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/banknewport/
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