Commerical Lender working on paperwork with client.

Brokers Overview

Your Business Lender

We are a member of the Preferred Lender Program with the SBA. Preferred lenders can use a streamlined paperwork process with delegated authority to approve loans, which expedites the loan approval process for small business owners and delegates the final credit decisions to these lenders. Shoreham Bank is proud of the broker relationships we develop and have maintained. As an SBA and USDA loan specialist, we are the source for commercial lending. 

Refer a deal online or call us today, (401) 773-9509.


Our Program


  • SBA 7A & USDA B&I
  • Up to 80% Financing
  • Credit Scores Low as 660
  • Loans up to $5 Million
  • Flexible Underwriting
  • Streamlined Process

What We Finance


  • Hospitality Industry
  • Medical Businesses
  • Service Industries
  • Funeral Homes
  • Other Industries Available










































Loan to Finance Hotel 

$2.52 Million 

4% Broker Referral 

Loan to Finance Car Wash 

$3.54 Million 

3% Broker Referral 

Loan to Finance Liquor Store 

$1.226 Million 

2% Broker Referral 












Referral Program 

Earn up to 4% by qualifying a loan through our 3-2-1 Referral Program and earn up to an additional 1% based on loan dollar volume!


We will guarantee an initial review turn time of two business days (issue needs list, letter of intent or decline), subject to receipt of full package as detailed in Shoreham Bank Application Package + current business bank statement. No construction. If proceeds are to finance an environmentally adverse property type, a finalized Phase I with no recommended action (or additional reports, if applicable) will be required in accordance with SBA SOP 5- 10 5 (I) Appendix 4 "NAICS Codes of Environmentally Sensitive Industries," prior to any credit review.

 

4%

          • Referral source has sent over $5 million in referrals in that calendar year.
          • Qualifies for 3% base referral
          • Minimum 2 deals referred 

 

3.5%

          • Referral source has sent over $2.5 million in referrals in that calendar year.
          • Qualifies for 3% base referral
          • Minimum 2 deals referred



Get in touch with one of our experienced team members to learn more today!