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Salem Five Cents Savings Bank
SALEM, MA · Active Lender · National rank #114
Salem Five Cents Savings Bank approved 75 SBA 7(a) loans in FY2025, ranking #114 nationally, with an average loan size of $188,005 and activity concentrated in Massachusetts.
Salem Five Cents Savings Bank is a headquartered in Salem, Massachusetts, that participates in the SBA 7(a) loan program. According to FY2025 SBA 7(a) lender activity data, Salem Five Cents Savings Bank approved 75 SBA 7(a) loans during the fiscal year, totaling $14,100,400 in approved loan dollars. The SBA guaranty portion of these loans totaled $8,390,250. The average loan size across these approved loans was $188,005.
Based on this FY2025 activity data, Salem Five Cents Savings Bank ranked #114 nationally among SBA 7(a) lenders by loan volume. The bank's SBA 7(a) lending activity in FY2025 was concentrated in Massachusetts, with all 75 recorded loans (100%) originating in that state, indicating a regional lending pattern centered around its Salem, MA headquarters rather than a broad multi-state or national footprint.
This profile reflects only the figures reported in FY2025 SBA 7(a) lender activity data. It does not include information on interest rates, loan terms, underwriting criteria, or approval likelihood, as this data was not part of the reported activity figures. Borrowers seeking further details on rates, fees, or eligibility should contact the lender directly, as such specifics are not captured in SBA volume reporting.
Where Salem Five Cents Savings Bank lends
| State | Loans | Dollars |
|---|---|---|
| Massachusetts | 75 | $14,100,400 |
Questions people ask
Is Salem Five Cents Savings Bank an SBA lender?
Yes, Salem Five Cents Savings Bank participated in the SBA 7(a) loan program and approved loans in FY2025.
How many SBA 7(a) loans did Salem Five Cents Savings Bank approve in FY2025?
They approved 75 SBA 7(a) loans in FY2025.
What was the total dollar amount of SBA 7(a) loans approved?
Total approved loan dollars were $14,100,400 in FY2025.
What is Salem Five Cents Savings Bank's average SBA loan size?
The average SBA 7(a) loan size was $188,005 in FY2025.
What was the total SBA guaranty amount for these loans?
The SBA guaranty portion totaled $8,390,250 in FY2025.
Where is Salem Five Cents Savings Bank headquartered?
It is headquartered in Salem, Massachusetts.
Where is Salem Five Cents Savings Bank most active for SBA lending?
Its FY2025 SBA 7(a) activity was concentrated in Massachusetts, with 75 loans reported there.
Is Salem Five Cents Savings Bank a national or regional SBA lender?
Based on FY2025 data showing all loans in one state, it functions as a regional SBA lender focused on Massachusetts.
How does Salem Five Cents Savings Bank rank by SBA loan volume?
It ranked #114 nationally among SBA 7(a) lenders in FY2025.
Does Salem Five Cents Savings Bank lend in multiple states?
According to the data provided, its reported SBA 7(a) activity was limited to Massachusetts.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Salem Five Cents Savings Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.