Salem Five Cents Savings Bank approved 231 SBA loans worth $53.4M between October 2021 and June 2026, ranking #181 of 2,283 SBA lenders nationally by loan count. Its median loan was $117,000, and 10% went to startups or businesses under two years old. It lent in 2 states, most often in Massachusetts, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 223 | $50.0M | $110,000 | #8 |
| New Hampshire | 8 | $3.4M | $225,000 | #44 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 51 | $140,000 | |
| Health care and social assistance | 40 | $100,000 | |
| Professional and technical services | 29 | $190,000 | |
| Administrative and support services | 26 | $125,000 | |
| Other services (repair, personal care) | 24 | $81,000 | |
| Retail | 16 | $125,000 | |
| Manufacturing | 8 | $150,000 | |
| Real estate and rental | 7 | $50,000 | |
| Arts, entertainment and recreation | 7 | $100,000 | |
| Wholesale trade | 6 | $177,200 |