Shoreham Bank
Headquartered in Warwick, RI. Analysis based on 369 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $694.4M.
Total 7(a) loans
369
Total approved
$694.4M
Average loan
$1.9M
States funded in
43
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
31.43%
Average rate
8.93%
Average term
239 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 212 |
| 722511 | Full-Service Restaurants | 8 |
| 484110 | General Freight Trucking, Local | 7 |
| 236118 | Residential Remodelers | 7 |
| 722513 | Limited-Service Restaurants | 6 |
| 531390 | Other Activities Related to Real Estate | 5 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 5 |
| 812990 | All Other Personal Services | 4 |
| 484121 | General Freight Trucking, Long Distance, Truckload | 3 |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 3 |
Top 10 states
| State | Loans |
|---|---|
| MI | 48 |
| OH | 47 |
| IN | 36 |
| FL | 17 |
| CA | 16 |
| TX | 16 |
| IL | 15 |
| WI | 14 |
| NY | 13 |
| PA | 12 |
Top franchise brands financed
150 franchise loans across 40 distinct brands.
| Franchise | Loans |
|---|---|
| La Quinta by Wyndham a.k.a. La | 23 |
| Super 8 by Wyndhan | 14 |
| Quality Inn by Choice Hotels / | 12 |
| Best Western - Membership Agre | 11 |
| Red Roof Inn | 11 |
| Holiday Inn Express/Holiday In | 9 |
| Days Inn by Wyndham | 6 |
| Baymont by Wyndham aka Baymont | 5 |
| Rodeway Inn by Choice Hotels/R | 4 |
| AmericInn by Wyndham | 4 |
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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.