Shoreham Bank: SBA Lending Record
What SBA's own loan files show about Shoreham Bank as an SBA lender, and how a lender's record bears on a feasibility study.
Shoreham Bank: loans and programs
Shoreham Bank has 451 approved loans in SBA's files, $886.9 million gross, FY2017 to FY2026. SBA records Shoreham Bank as holding, or having held, these 451 loans. All 451 loans at Shoreham Bank are 7(a); 0 are 504. Shoreham Bank does not guarantee these 451 loans; SBA does. Counts for Shoreham Bank describe records only. In SBA's file, Shoreham Bank sits in RI.
Asset classes and states in the Shoreham Bank book
The followed classes leave 129 of Shoreham Bank's 451 loans uncovered. Class by class, the record of Shoreham Bank opens Hotel and motel (263), Full-service restaurant (10), Liquor store (8), Gas station and truck stop (7), Limited-service restaurant (6), Coffee shop and snack bar (5). A buyer planning Hotel and motel can look at 263 loans on the record of Shoreham Bank. Full-service restaurant follows with 10 loans at Shoreham Bank. Liquor store comes third at Shoreham Bank, with 8 loans. Ohio ranks second among states for Shoreham Bank, at 56 loans. By state, Shoreham Bank begins Michigan (58), Ohio (56), Indiana (45), Illinois (23), Florida (22), Texas (20), New York (17), California (16), Pennsylvania (16), Wisconsin (15). South Carolina closes the state list at 5. SBA records the lender state as RI, yet the most loans sit in Michigan.
Shoreham Bank: cancellations and losses
The cancellation floor for Shoreham Bank on FY2017 to FY2024 approvals is 4.2%, while the ceiling for Shoreham Bank, with undisbursed loans treated as cancelled, equals 4.2%. For Shoreham Bank, the charge-off floor on FY2017 to FY2021 disbursements is held back as too few loans sit in its cohort, and withheld does not mean no loan was charged off. These are minimum rates for Shoreham Bank, because loans can still be charged off after the file was drawn.
The Shoreham Bank record and a feasibility study
Hotel and motel at Shoreham Bank opens with a demand test. From there, a study of Full-service restaurant should check cost, with 10 such loans on Shoreham Bank's record. Debt service coverage follows, and $886.9 million across 451 loans at Shoreham Bank does not settle it for a project. The appraisal closes the study, and 8 Liquor store loans at Shoreham Bank do not replace it. A borrower in Michigan can look at 58 loans in the Shoreham Bank record, and one in Ohio, 56. Shoreham Bank alone can say what it expects. No approval is promised here, and Shoreham Bank sets its own terms.
SBA loans held by Shoreham Bank
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 451 |
|---|---|
| Gross dollars approved | $886.9 million |
| SBA 7(a) loans | 451 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 4.2% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 4.2% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Hotel and motel | 263 |
| Not in any of the 39 asset classes | 129 |
| Full-service restaurant | 10 |
| Liquor store | 8 |
| Gas station and truck stop | 7 |
| Limited-service restaurant | 6 |
| Coffee shop and snack bar | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-27417.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Shoreham Bank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
Request Scope & Timeline
Start with the data.
Contact Us