SBA lender profile
The North Salem State Bank
The North Salem State Bank appears in the public SBA loan data with 26 funded 7(a) loans totaling $5.6M, an average of $217K per loan, and an estimated 285 jobs supported. Its SBA lending concentrates in Indiana and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
26
Total volume
$5.6M
Average loan size
$217K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
285
Programs
7(a)
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 | 26 | $5.6M |
What The North Salem State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 1 | $1.9M |
| Accommodation and Food Services | 5 | $1.4M |
| Wholesale Trade | 2 | $862K |
| Health Care and Social Assistance | 2 | $484K |
| Manufacturing | 5 | $249K |
| Administrative and Support | 3 | $214K |
The North Salem State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 4 | $886K |
| 2021 | 9 | $1.4M |
| 2022 | 8 | $2.8M |
| 2023 | 4 | $417K |
| 2024 | 1 | $121K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of The North Salem State Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.