SBA lender profile
The North Salem State Bank
The North Salem State Bank appears in the public SBA loan data with 36 funded 7(a) loans since FY2010, totaling $9.0M, an average of $249K per loan, and an estimated 431 jobs supported. Its SBA lending concentrates in Indiana and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 2.8%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 70
- Scale 15
- Activity 19
- Consistency 54
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is The North Salem State Bank the right lender for you?
Lenders fund what they know. The North Salem State Bank's SBA lending concentrates in Indiana (36 loans) and Retail Trade (3 loans), at an average loan of $249K. 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
- $775M
- Headquarters
- North Salem, IN
- FDIC cert
- #8063
- Status
- Active
Where The North Salem State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Indiana | 36 | $9.0M |
Metro areas where The North Salem State Bank funds
What The North Salem State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 3 | $2.6M |
| Accommodation and Food Services | 6 | $1.6M |
| Construction | 3 | $1.2M |
| Wholesale Trade | 3 | $1.0M |
| Manufacturing | 8 | $786K |
| Other Services | 3 | $697K |
The North Salem State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1 | $130K |
| 2011 | 5 | $1.3M |
| 2012 | 1 | $1.2M |
| 2015 | 3 | $753K |
| 2020 | 4 | $886K |
| 2021 | 9 | $1.4M |
| 2022 | 8 | $2.8M |
| 2023 | 4 | $417K |
| 2024 | 1 | $121K |
Related SBA lenders
Other lenders active in Indiana or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
The North Salem State Bank: frequently asked questions
Does The North Salem State Bank offer SBA loans?
Yes. The North Salem State Bank appears in the public SBA data with 36 funded SBA 7(a) loans totaling $9.0M.
How many SBA loans has The North Salem State Bank made?
The North Salem State Bank is associated with 36 SBA 7(a) loans totaling $9.0M in the public SBA data (as of 2026-03-31).
What is The North Salem State Bank's SBA charge-off rate?
About 2.8% of The North Salem State 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 The North Salem State Bank do most of its SBA lending?
The North Salem State Bank's SBA lending in the data is most concentrated in Indiana, and by industry in Retail Trade.
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). The North Salem State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/the-north-salem-state-bank/
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