NEWPORT – BankNewport was recently recognized as the top Rhode Island lender for the U.S. Small Business Administration’s 504 loan program for fiscal 2021, according to a news release.
This is the fourth consecutive year, and the 10th out of the last 11 years, that BankNewport has received this designation, according to the release.
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In fiscal 2021, BankNewport served as the lender for 14 loans totaling $5.6 million through the SBA’s 504 program, which offers financing for long-term fixed assets such as commercial real estate and equipment.
Nancy Lavin is a PBN staff writer. Contact her at Lavin@PBN.com.
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