SBA lender profile
Shoreham Bank
Shoreham Bank appears in the public SBA loan data with 522 funded 7(a) loans since FY2010, totaling $908.0M, an average of $1.7M per loan, and an estimated 7,060 jobs supported. Its SBA lending concentrates in Michigan and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 0.8%. 85.8% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 90
- Scale 90
- Activity 96
- Consistency 81
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Shoreham Bank the right lender for you?
Lenders fund what they know. Shoreham Bank's SBA lending concentrates in Michigan (61 loans) and Accommodation and Food Services (307 loans), at an average loan of $1.7M. 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
- $522M
- Headquarters
- Warwick, RI
- FDIC cert
- #27417
- Status
- Active
Where Shoreham Bank lends
Top states by funded SBA volume.
Metro areas where Shoreham Bank funds
What Shoreham Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 307 | $786.7M |
| Retail Trade | 46 | $28.7M |
| Health Care and Social Assistance | 33 | $22.8M |
| Construction | 26 | $9.7M |
| Real Estate | 13 | $9.4M |
| Transportation and Warehousing | 16 | $8.3M |
Shoreham Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 14 | $14.0M |
| 2011 | 21 | $34.8M |
| 2012 | 18 | $12.4M |
| 2013 | 20 | $12.2M |
| 2014 | 5 | $3.5M |
| 2015 | 4 | $852K |
| 2016 | 16 | $14.0M |
| 2017 | 6 | $6.1M |
| 2018 | 10 | $28.8M |
| 2019 | 17 | $53.8M |
| 2020 | 26 | $64.7M |
| 2021 | 40 | $125.3M |
| 2022 | 39 | $101.0M |
| 2023 | 35 | $105.5M |
| 2024 | 65 | $135.2M |
| 2025 | 153 | $140.9M |
| 2026 | 33 | $55.1M |
Related SBA lenders
Other lenders active in Michigan or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
Shoreham Bank: frequently asked questions
Does Shoreham Bank offer SBA loans?
Yes. Shoreham Bank appears in the public SBA data with 522 funded SBA 7(a) loans totaling $908.0M.
How many SBA loans has Shoreham Bank made?
Shoreham Bank is associated with 522 SBA 7(a) loans totaling $908.0M in the public SBA data (as of 2026-03-31).
What is Shoreham Bank's SBA charge-off rate?
About 0.8% of Shoreham Bank'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 Shoreham Bank do most of its SBA lending?
Shoreham Bank's SBA lending in the data is most concentrated in Michigan, and by industry in Accommodation and Food Services.
Is Shoreham Bank an SBA Preferred Lender (PLP)?
The loan record shows Shoreham Bank operating under PLP delegated authority: 448 of its 7(a) loans (85.8%) were processed through the Preferred Lenders Program, including 244 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
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). Shoreham Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/shoreham-bank/
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