Find the best SBA Rates for your industry by searching our SBA Lender Directory

SBARates.com your ultimate directory for Small Business Administration (SBA) loans. Compare current SBA loan rates, explore approved SBA lenders, search by your industry NAICS code, and discover funding options.

SBA Loan Approvals as of 6/30/25 69
SBA Loans Total Approval Amount as of 6/30/25 $4,247,000
Average SBA Loan Size as of 6/30/25 $61,551
Average SBA Loan Rate over Prime (Prime is 7%) 4.72
BankNewport (RI)

Unlock Your Financial Potential with BankNewport (RI)

BankNewport is one of the oldest community banks in the United States, proudly serving Rhode Island since 1819. Known for its deep local roots and relationship-based approach, BankNewport offers a full suite of services designed to support small businesses — including participation in SBA loan programs.

Key Features of BankNewport

  • Comprehensive Business Banking: Business checking and savings accounts, treasury management services, merchant services, and online tools tailored to simplify your company’s finances.
  • SBA Loan Expertise: BankNewport participates in the U.S. Small Business Administration’s lending programs, including SBA 7(a) and 504 loans. Its experienced commercial lending team helps entrepreneurs navigate the SBA process and secure government-backed financing for working capital, equipment purchases, and real estate.
  • Flexible Commercial Lending: In addition to SBA loans, the bank provides term loans, commercial mortgages, lines of credit, and construction loans with local decision-making and personalized underwriting.
  • User-Friendly Digital Tools: Robust online and mobile banking for both personal and business accounts give you convenient, 24/7 access to your finances.
  • Commitment to Community: As a Rhode Island-based bank, BankNewport reinvests in local neighborhoods, supports economic-development initiatives, and provides hands-on guidance to small business owners.

Why Choose BankNewport for SBA Loans?

BankNewport combines the personal service of a community bank with the expertise needed to deliver SBA-backed financing effectively. Its business bankers understand the unique needs of Rhode Island entrepreneurs and work closely with them to streamline approvals, offer competitive rates, and tailor funding solutions for each stage of growth.

How to Get Started

Ready to grow your business with an SBA loan or other financing option? Visit the BankNewport Business Banking page to explore current offerings, review eligibility, and connect with a local business-banking specialist who can guide you through the process.

Empower your financial future today with BankNewport — where Rhode Island businesses come to grow.

Industry