SBA lender profile
BankNewport
BankNewport appears in the public SBA loan data with 144 funded 7(a) loans totaling $10.8M, an average of $75K per loan, and an estimated 624 jobs supported. Its SBA lending concentrates in Rhode Island and the Construction sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
144
Total volume
$10.8M
Average loan size
$75K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
624
Programs
7(a)
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 | 135 | $9.7M |
| Massachusetts | 8 | $1.1M |
| Connecticut | 1 | $75K |
What BankNewport funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 29 | $2.2M |
| Accommodation and Food Services | 20 | $2.0M |
| Retail Trade | 21 | $1.8M |
| Manufacturing | 8 | $989K |
| Administrative and Support | 16 | $877K |
| Other Services | 11 | $850K |
BankNewport SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 8 | $1.1M |
| 2021 | 1 | $100K |
| 2023 | 1 | $100K |
| 2024 | 35 | $3.2M |
| 2025 | 76 | $4.8M |
| 2026 | 23 | $1.5M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of BankNewport's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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