Salem Five Cents Savings Bank: SBA Lending Profile
Salem Five Cents Savings Bank is an FDIC-insured bank, headquartered in Salem, MA. It is active in 2 states, concentrated around MA, NH. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes Salem Five Cents Savings Bank actually approves
The median SBA approval at Salem Five Cents Savings Bank is $130,000. The middle 80% of its loans fall between $49,000 and $500,000. The smallest funded approval in the available source window is $15,000 and the largest is $3,698,700. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 7(a) | 98 | $130K | 8.5% | 10 years |
| 504 first mortgage (third party) | 27 | $375K | n/a | 25 years |
Industries it funds most
| Industry | Funded loans in source data | Share |
|---|---|---|
| Residential Remodelers | 14 | 5.4% |
| Janitorial Services | 11 | 4.2% |
| Landscaping Services | 11 | 4.2% |
| Beauty Salons | 8 | 3.1% |
| All Other Specialty Trade Contractors | 7 | 2.7% |
| Plumbing, Heating, and Air-Conditioning Contractors | 7 | 2.7% |
| Home Health Care Services | 7 | 2.7% |
| Electrical Contractors and Other Wiring Installation Contractors | 6 | 2.3% |
| Pet Care (except Veterinary) Services | 5 | 1.9% |
| Other Accounting Services | 5 | 1.9% |
| Offices of Real Estate Agents and Brokers | 5 | 1.9% |
| Offices of All Other Miscellaneous Health Practitioners | 5 | 1.9% |
How fast Salem Five Cents Savings Bank actually funds
Approval is not money in the bank. Across 237 loans where both dates are on record, the typical gap between SBA approval and first disbursement at Salem Five Cents Savings Bank is 17 days. Half its loans fund between 7 and 48 days. The typical SBA lender takes about 20 days, so this is roughly in line with the market.
Lending momentum
Salem Five Cents Savings Bank is expanding its SBA program. Approvals are up 69% from FY2023 to FY2025, which usually means an active appetite and a team that wants deals.
Funded approvals by SBA fiscal year (October to September). FY2026 is excluded because it is still in progress.
Conventional small business lending, beyond SBA
SBA loans are a fraction of most banks' small business lending. Under the Community Reinvestment Act, Salem Five Cents Savings Bank reported 449 small business loan originations in 2024, totaling $172M, at an average of about $383K per loan across 35 states. 36.5% of those loans went to businesses with under $1M in annual revenue.
Borrower profile
- only 8.9% of its funded SBA records with known business age went to startups, this lender works almost entirely with established businesses.
- Collateral was taken on 73.7% of its recent SBA loans.
- 59.5% of its SBA lending is revolving lines of credit rather than term loans.
- 38.6% of its loans carry fixed rates; the rest are variable.
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Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. Conventional small business lending figures from FFIEC CRA disclosure data (2024 activity year); CRA loan counts include business credit card originations at some institutions. Funding speed is the median gap between approval date and first disbursement date in SBA records. Some lenders report disbursement at month end, which can round the figure upward. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by Salem Five Cents Savings Bank.