GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
583
2010–2026
Total Volume
$174M
Gross loan amounts
States Active
5
With recorded loans
Programs
7(a) & 504
579 total segments
BankNewport has a strong focus on 504 loans, with 46% of their total SBA deals in this category, significantly higher than the national average of 18%. This makes them a great option for borrowers looking for real estate financing or expansion projects.
The average deal size at BankNewport is $301,235, with a majority of their deals (326) under $150K. If you're seeking a larger loan, particularly above $500K, you may find fewer options here, as only 38 deals fall into that range.
BankNewport is experiencing strong growth, with a 30% year-over-year increase in deals. This trend suggests they are actively expanding their lending capacity, which could benefit borrowers looking for timely approvals.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 267 504 loans, which use fixed SBA debenture rates.
States where BankNewport has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Hotels & Accommodation
Accommodation & Food Services
Manufacturing
Manufacturing
Administrative & Waste Services
Administrative & Waste Services
Specialty Trade Contractors
Construction
Other Health Practitioners
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
+ 7 more
All recorded SBA lending activity for BankNewport, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Rhode Island · Restaurants & Food Service · Under $150K | 7(a) | 34 | P+2.63% | $88K | Q4 2025 |
| Rhode Island · Administrative & Waste Services · Under $150K | 7(a) | 23 | P+3.50% | $46K | Q4 2025 |
| Rhode Island · Specialty Trade Contractors · Under $150K | 7(a) | 19 | P+4.25% | $67K | Q3 2025 |
| Rhode Island · Manufacturing · Under $150K | 7(a) | 15 | P+3.00% | $49K | Q2 2025 |
| Rhode Island · Restaurants & Food Service · $150K – $350K | 504 | 14 | — | $219K | Q1 2025 |
| Rhode Island · Wholesale Trade · Under $150K | 7(a) | 13 | P+2.50% | $74K | Q4 2025 |
| Rhode Island · Arts, Entertainment & Recreation · Under $150K | 7(a) | 11 | P+3.00% | $46K | Q4 2024 |
| Rhode Island · Building Construction · Under $150K | 7(a) | 11 | P+3.25% | $74K | Q4 2025 |
| Rhode Island · Engineering & Architecture · Under $150K | 7(a) | 10 | P+3.63% | $52K | Q1 2025 |
| Rhode Island · Other Health Practitioners · Under $150K | 7(a) | 9 | P+3.00% | $58K | Q3 2024 |
| Rhode Island · Specialty Trade Contractors · Under $150K | 504 | 9 | — | $101K | Q3 2025 |
| Rhode Island · Auto Repair & Maintenance · Under $150K | 7(a) | 9 | P+3.50% | $35K | Q4 2025 |
| Rhode Island · Restaurants & Food Service · $350K – $500K | 504 | 9 | — | $418K | Q1 2025 |
| Rhode Island · Restaurants & Food Service · $150K – $350K | 7(a) | 8 | P+2.00% | $259K | Q2 2024 |
| Rhode Island · Miscellaneous Retail · Under $150K | 7(a) | 8 | P+2.88% | $69K | Q4 2025 |
| Rhode Island · Transportation & Warehousing · Under $150K | 7(a) | 7 | P+3.50% | $40K | Q3 2025 |
| Rhode Island · Retail Trade · Under $150K | 7(a) | 7 | P+2.00% | $66K | Q1 2025 |
| Rhode Island · Manufacturing · $150K – $350K | 504 | 7 | — | $228K | Q1 2024 |
| Rhode Island · Other Health Practitioners · Under $150K | 504 | 7 | — | $97K | Q3 2015 |
| Rhode Island · Sporting Goods & Hobby · Under $150K | 7(a) | 7 | P+2.75% | $51K | Q1 2020 |
| Rhode Island · Food & Beverage Stores · Under $150K | 7(a) | 7 | P+4.50% | $62K | Q2 2025 |
| Rhode Island · Real Estate · Under $150K | 7(a) | 7 | P+4.25% | $51K | Q4 2025 |
| Rhode Island · Agriculture & Forestry · Under $150K | 7(a) | 6 | P+2.00% | $45K | Q3 2025 |
| Rhode Island · Restaurants & Food Service · $500K – $1M | 504 | 6 | — | $671K | Q3 2025 |
| Rhode Island · Auto Dealers & Parts · Under $150K | 7(a) | 6 | P+2.50% | $66K | Q1 2025 |
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