Bank of Newington
Bank of Newington is an active SBA lender in Georgia, a bank offering SBA-guaranteed small-business loans. Currently rated 4.3 stars across 22 Google reviews.
$28M
in SBA approvals since 2011
40
SBA loans funded
Medical Practices & Clinics · General Retail · Wholesale & Distribution
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Bank of Newington
Bank of Newington offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community, this institution provides flexible loan options, including the SBA 7(a) program, which is ideal for a variety of business purposes such as working capital, equipment purchase, or real estate acquisition. The bank's experienced team guides borrowers through the application process, ensuring clarity and support at each step. Their approval process considers the unique circumstances of each applicant, emphasizing personalized service and financial strength. Whether you're a startup or an established business, Bank of Newington is committed to helping you access the funding you need to succeed. The institution's primary NAICS code, 442299, indicates a focus on retail or related sectors, aligning with the needs of small retail businesses and service providers in the region. With a maximum recorded approval amount of $350,000, they are equipped to handle a range of small to medium-sized loan requests, fostering local economic growth and entrepreneurship.
Industries Bank of Newington finances
Business types Bank of Newington actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Bank of Newington
What is this place and what can I find here?
This is a local bank offering SBA loan programs and financial services tailored to small businesses in the community. You can find assistance with loan applications, financial advice, and support for business growth initiatives.
Do I need an appointment or can I walk in?
You can walk in for general inquiries, but for detailed loan discussions or application processing, it is recommended to schedule an appointment to ensure dedicated assistance.
What are the hours of operation?
Bank of Newington's lobby hours are Monday-Tuesday and Thursday 9:00am-4:30pm, Wednesday 9:00am-2:00pm, and Friday 9:00am-5:00pm. Drive-through also open Saturday 9:00am-12:00pm. Please confirm current hours with the bank.
Is there a fee to use this?
There are no fees to visit or inquire at the bank; however, loan processing and application fees may apply depending on the services requested.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners within the community, but non-residents may also be eligible based on specific loan criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred, though stronger scores can improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation provided.
Is this open on weekends?
Bank of Newington's lobby is closed weekends (Saturday-Sunday), though drive-through operates Saturday 9:00am-12:00pm. SBA lending staff available Monday-Friday. Contact the bank to confirm weekend service.
How do I get there and where do I park?
Bank of Newington is located in Georgia — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Bank of Newington, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Bank of Newington itself, which runs its own lending under its own ownership. If you work at Bank of Newington, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Bank of Newington — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Bank of Newington before applying. If you represent Bank of Newington, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Bank of Newington by phone at (912) 857-4466 or online at bankofnewington.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Bank of Newington before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Bank of Newington most often finances businesses in medical practices & clinics and general retail. This reflects Bank of Newington's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Bank of Newington which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Bank of Newington participates in SBA Express depends on its specific SBA lending authority. Contact Bank of Newington and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Bank of Newington can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Bank of Newington's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank of Newington directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Bank of Newington what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Bank of Newington to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Bank of Newington to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Bank of Newington weighs this case by case under its own policy, so be upfront about your history and ask Bank of Newington how it evaluates prior bankruptcies.
