BankNewport
Headquartered in Middletown, RI. Analysis based on 130 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $9.8M.
Total 7(a) loans
130
Total approved
$9.8M
Average loan
$76K
States funded in
3
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
20.00%
Average rate
11.51%
Average term
103 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 12 |
| 561730 | Landscaping Services | 10 |
| 238990 | All Other Specialty Trade Contractors | 7 |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 6 |
| 722513 | Limited-Service Restaurants | 6 |
| 445110 | Supermarkets and Other Grocery (except Convenience) Stores | 3 |
| 238350 | Finish Carpentry Contractors | 3 |
| 713940 | Fitness and Recreational Sports Centers | 3 |
| 531210 | Offices of Real Estate Agents and Brokers | 3 |
| 541410 | Interior Design Services | 3 |
Top 10 states
| State | Loans |
|---|---|
| RI | 121 |
| MA | 8 |
| CT | 1 |
Top franchise brands financed
3 franchise loans across 3 distinct brands.
| Franchise | Loans |
|---|---|
| Fibrenew | 1 |
| 7-Eleven, Inc - Individual Sto | 1 |
| Signarama | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.