Shoreham Bank
Financial institution offering retail banking, home loans, consumer loans, and business lending services since 1959, providing customers with convenience and reliable service throughout Rhode Island communities.
Provider names, logos, and trademarks displayed on this page belong to their respective owners and are used for identification purposes only. VerSquare is not affiliated with, endorsed by, or sponsored by Shoreham Bank unless otherwise indicated.
No Reviews Yet
Be the first to share your experience! Reviews help other buyers make informed decisions.
Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (53 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Shoreham Bank ranks #61 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Shoreham Bank’s 7(a) acquisition lending falls in the $4M-$5M range: 22 loans, 41.5% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $500K-$1M | 4 | 7.5% | |
| $1M-$2M | 10 | 18.9% | |
| $2M-$3M | 11 | 20.8% | |
| $3M-$4M | 6 | 11.3% | |
| $4M-$5M | 22 | 41.5% |
Industries with highest loan volume
Hotels (except Casino Hotels) and Motels
47
loans
$3.5M
avg. amount
Beer, Wine, and Liquor Retailers
4
loans
$1.2M
avg. amount
Offices of Mental Health Practitioners (except Physicians)
1
loans
$600K
avg. amount
Limited-Service Restaurants
1
loans
$2.0M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Shoreham Bank’s median variable rate is + 1.00%, against a market median of Prime + 1.88%, 88 below market.
It priced below the market median in 7 of the last 8 quarters.
| Loan Size | Avg Rate |
|---|---|
| $500K-$1M | Prime + 2.06% |
| $1M-$2M | Prime + 1.63% |
| $2M-$3M | Prime + 1.48% |
| $3M-$4M | Prime + 1.21% |
| $4M-$5M | Prime + 1.02% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q2 '24 | Prime + 0.88% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
| Q3 '24 | Prime + 1.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 5 |
| Q4 '24 | Prime + 1.00% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 7 |
| Q1 '25 | Prime + 1.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 5 |
| Q2 '25 | Prime + 2.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 5 |
| Q3 '25 | Prime + 1.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 6 |
| Q1 '26 | Prime + 1.25% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q2 '26 | Prime + 1.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
Shoreham Bank has originated 7(a) acquisition loans in 18 states, most actively in Ohio (15), Michigan (10) and Texas (4). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Ohio | 15 | 28.3% |
| Michigan | 10 | 18.9% |
| Texas | 4 | 7.5% |
| Indiana | 4 | 7.5% |
| Pennsylvania | 4 | 7.5% |
| Illinois | 2 | 3.8% |
| Wisconsin | 2 | 3.8% |
| Massachusetts | 2 | 3.8% |
| Kansas | 1 | 1.9% |
| New Mexico | 1 | 1.9% |
| Nevada | 1 | 1.9% |
| Missouri | 1 | 1.9% |
| Oklahoma | 1 | 1.9% |
| Nebraska | 1 | 1.9% |
| North Dakota | 1 | 1.9% |
| Oregon | 1 | 1.9% |
| Iowa | 1 | 1.9% |
| Colorado | 1 | 1.9% |
Claim this profile to manage your information, respond to reviews, and access analytics.