SBA lender profile
Salem Five Cents Savings Bank
Salem Five Cents Savings Bank appears in the public SBA loan data with 658 funded 7(a) loans since FY2010, totaling $183.5M, an average of $279K per loan, and an estimated 8,963 jobs supported. Its SBA lending concentrates in Massachusetts and the Professional and Technical Services sector. Across its 7(a) loans, the charge-off rate is 1.5%. 32.4% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 83
- Scale 82
- Activity 76
- Consistency 88
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Salem Five Cents Savings Bank the right lender for you?
Lenders fund what they know. Salem Five Cents Savings Bank's SBA lending concentrates in Massachusetts (615 loans) and Professional and Technical Services (91 loans), at an average loan of $279K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $8.6B
- Headquarters
- Salem, MA
- FDIC cert
- #23296
- Status
- Active
Where Salem Five Cents Savings Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 615 | $167.0M |
| New Hampshire | 39 | $10.6M |
| Connecticut | 2 | $5.2M |
| Wyoming | 1 | $500K |
| Maine | 1 | $250K |
Metro areas where Salem Five Cents Savings Bank funds
What Salem Five Cents Savings Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Professional and Technical Services | 91 | $33.1M |
| Administrative and Support | 56 | $28.4M |
| Construction | 99 | $18.1M |
| Manufacturing | 48 | $17.4M |
| Health Care and Social Assistance | 77 | $14.8M |
| Accommodation and Food Services | 48 | $14.1M |
Salem Five Cents Savings Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 33 | $4.2M |
| 2011 | 37 | $12.2M |
| 2012 | 22 | $3.5M |
| 2013 | 27 | $7.7M |
| 2014 | 37 | $14.8M |
| 2015 | 35 | $13.2M |
| 2016 | 50 | $6.9M |
| 2017 | 35 | $6.8M |
| 2018 | 58 | $14.2M |
| 2019 | 42 | $16.0M |
| 2020 | 32 | $22.5M |
| 2021 | 28 | $11.0M |
| 2022 | 40 | $15.7M |
| 2023 | 47 | $7.5M |
| 2024 | 46 | $9.0M |
| 2025 | 75 | $14.1M |
| 2026 | 14 | $4.3M |
Related SBA lenders
Other lenders active in Massachusetts or in Professional and Technical Services.
Comparing lenders? See how to choose an SBA lender by track record.
Salem Five Cents Savings Bank: frequently asked questions
Does Salem Five Cents Savings Bank offer SBA loans?
Yes. Salem Five Cents Savings Bank appears in the public SBA data with 658 funded SBA 7(a) loans totaling $183.5M.
How many SBA loans has Salem Five Cents Savings Bank made?
Salem Five Cents Savings Bank is associated with 658 SBA 7(a) loans totaling $183.5M in the public SBA data (as of 2026-03-31).
What is Salem Five Cents Savings Bank's SBA charge-off rate?
About 1.5% of Salem Five Cents Savings Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Salem Five Cents Savings Bank do most of its SBA lending?
Salem Five Cents Savings Bank's SBA lending in the data is most concentrated in Massachusetts, and by industry in Professional and Technical Services.
Is Salem Five Cents Savings Bank an SBA Preferred Lender (PLP)?
The loan record shows Salem Five Cents Savings Bank operating under PLP delegated authority: 213 of its 7(a) loans (32.4%) were processed through the Preferred Lenders Program, including 37 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Salem Five Cents Savings Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/salem-five-cents-savings-bank/
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