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Shoreham Bank
National Rank by SBA 7(a) Loan Volume (2025)
$116.4M
Total Volume
112
Loans Funded
$1.0M
Avg Loan Size
10.56%
Avg Interest Rate
About Shoreham Bank
In 2025, Shoreham Bank funded $116.4M in SBA 7(a) loans across 112 businesses nationwide, making them the #57 SBA lender in the United States by loan volume.
💡 Key Insight: Shoreham Bank’s average loan size is $1.0M at an average rate of 10.56%. Working with an SBA loan broker can help you access this lender and potentially negotiate better terms.
Top States for Shoreham Bank SBA Loans
Shoreham Bank is most active in Michigan, with lending activity across multiple states. Here’s where they funded the most SBA 7(a) loans in 2025:
| State | Loans | Volume |
|---|---|---|
| Michigan | 10 | $18.0M |
| Ohio | 9 | $17.5M |
| Indiana | 7 | $16.3M |
| Oregon | 2 | $7.7M |
| Wisconsin | 2 | $6.0M |
| Pennsylvania | 4 | $5.5M |
| Massachusetts | 4 | $5.3M |
| Missouri | 1 | $4.7M |
| Colorado | 1 | $4.1M |
| Illinois | 5 | $3.4M |
Top Industries Funded by Shoreham Bank
Here are the industries where Shoreham Bank funded the most SBA 7(a) loans in 2025:
| Industry | Loans | Volume |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 28 | $85.0M |
| Limited-Service Restaurants | 4 | $3.2M |
| Water and Sewer Line and Related Structures Construction | 1 | $2.8M |
| Nursing Care Facilities | 1 | $2.3M |
| Other Activities Related to Real Estate | 5 | $1.4M |
| Full-Service Restaurants | 3 | $1.1M |
| Landscaping Services | 2 | $990K |
| Offices of Mental Health Practitioners (except Physicians) | 1 | $895K |
| Residential Remodelers | 6 | $850K |
| Offices of Physical, Occupational and Speech Therapists, and Audiologi | 1 | $700K |
How to Get an SBA Loan Through Shoreham Bank
Applying for an SBA 7(a) loan through Shoreham Bank typically involves:
- Pre-qualification — Determine if your business meets SBA eligibility requirements
- Documentation — Gather financial statements, tax returns, and a business plan
- Application — Submit through Shoreham Bank or work with an SBA loan broker for faster processing
- Underwriting — The bank reviews your application and makes a decision
- Closing — Finalize terms and receive your funding
Ready to Apply for an SBA Loan?
Our brokers can help you access Shoreham Bank and 2,000+ other SBA lenders to find the best rates and terms for your business.
