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SBA 7(a) record
Salem Five Cents Savings Bank: SBA 7(a) loans made
Salem Five Cents Savings Bank, a bank based in Salem, MA, made 150 SBA 7(a) loans in the 36 months ending September 30, 2026, $30.6M in all, net of cancelled approvals. The typical loan was about $100K, and 34 were in the last 12 months. Most were in Massachusetts.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 150
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $30.6M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $100K
- SBA FOIA,
- Largest loan
- $2M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 34
- SBA FOIA,
Cite this
Source: The Lender Report, Salem Five Cents Savings Bank: SBA 7(a) loans made, https://lender.report/lender/salem-five-cents-savings-bank-ma/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Massachusetts | SBA 7(a), New Multifamily Housing Construction (except For-Sale Builders) | $500K | 8.75% | 10 yr | SBA FOIA | |
| Sep 2026 | Massachusetts | SBA 7(a), Custom Computer Programming Services | $250K | 8.75% | 10 yr | SBA FOIA | |
| Sep 2026 | Massachusetts | SBA 7(a), All Other Specialty Trade Contractors | $100K | 9% | 10 yr | SBA FOIA | |
| Sep 2026 | Massachusetts | SBA 7(a), Offices of Chiropractors | $85K | 8.75% | 10 yr | SBA FOIA | |
| Sep 2026 | Massachusetts | SBA 7(a), Custom Computer Programming Services | $70K | 7.25% | 7 yr | SBA FOIA | |
| Sep 2026 | Massachusetts | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $50K | 8.75% | 10 yr | SBA FOIA | |
| Aug 2026 | Massachusetts | SBA 7(a), Automotive Body, Paint, and Interior Repair and Maintenance | $100K | 8.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Massachusetts | SBA 7(a), Offices of Mental Health Practitioners (except Physicians) | $200K | 8.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Massachusetts | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $100K | 7.75% | 7 yr | SBA FOIA | |
| Jul 2026 | Massachusetts | SBA 7(a), Fitness and Recreational Sports Centers | $50K | 7.25% | 5 yr | SBA FOIA | |
| Jul 2026 | Massachusetts | SBA 7(a), Fitness and Recreational Sports Centers | $50K | 8.75% | 10 yr | SBA FOIA | |
| Jun 2026 | Massachusetts | SBA 7(a), Wholesale Trade | $2M | 8.5% | 3 yr | SBA FOIA | |
| Jun 2026 | Massachusetts | SBA 7(a), Construction | $250K | 8.75% | 10 yr | SBA FOIA | |
| Jun 2026 | Massachusetts | SBA 7(a), Landscaping Services | $25K | 8.75% | 6 yr | SBA FOIA | |
| Jun 2026 | Massachusetts | SBA 7(a), Landscaping Services | $25K | 8.75% | 10 yr | SBA FOIA | |
| May 2026 | Massachusetts | SBA 7(a), Landscaping Services | $250K | 8.75% | 10 yr | SBA FOIA | |
| May 2026 | New Hampshire | SBA 7(a), Other Accounting Services | $250K | 8.75% | 10 yr | SBA FOIA | |
| May 2026 | Massachusetts | SBA 7(a), Offices of All Other Miscellaneous Health Practitioners | $25K | 8.75% | 10 yr | SBA FOIA | |
| Apr 2026 | Massachusetts | SBA 7(a), Manufacturing | $40K | 9.25% | 10 yr | SBA FOIA | |
| Apr 2026 | Massachusetts | SBA 7(a), Janitorial Services | $25K | 8.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Massachusetts | SBA 7(a), Offices of Physicians (except Mental Health Specialists) | $100K | 8.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Massachusetts | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $100K | 9.25% | 10 yr | SBA FOIA | |
| Mar 2026 | Massachusetts | SBA 7(a), Sporting Goods Retailers | $60K | 9.5% | 5 yr | SBA FOIA | |
| Feb 2026 | Massachusetts | SBA 7(a), Janitorial Services | $700K | 8.75% | 1 yr | SBA FOIA | |
| Feb 2026 | Massachusetts | SBA 7(a), Sporting Goods Retailers | $100K | 8.75% | 10 yr | SBA FOIA | |
| 150 SBA 7(a) loans since October 2023, net of cancelled | $30.6M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Massachusetts | 146 | $28.8M |
| New Hampshire | 4 | $1.80M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 83 | $5.95M |
| $150K to $350K | 42 | $9.03M |
| $350K to $1M | 22 | $11.0M |
| $1M to $2.5M | 3 | $4.70M |
| $2.5M or more | 0 | $0 |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 9 | $1.18M |
| 2024 Q1 | 14 | $3.59M |
| 2024 Q2 | 11 | $1.77M |
| 2024 Q3 | 11 | $2.16M |
| 2024 Q4 | 16 | $3.40M |
| 2025 Q1 | 29 | $4.92M |
| 2025 Q2 | 15 | $3.15M |
| 2025 Q3 | 11 | $1.81M |
| 2025 Q4 | 6 | $2.65M |
| 2026 Q1 | 8 | $1.57M |
| 2026 Q2 | 9 | $2.89M |
| 2026 Q3 | 11 | $1.55M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Landscaping Services (561730) | 8 |
| Residential Remodelers (236118) | 8 |
| Electrical Contractors and Other Wiring Installation Contractors (238210) | 6 |
| Offices of Mental Health Practitioners (except Physicians) (621330) | 6 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 6 |
| All Other Specialty Trade Contractors (238990) | 5 |
| Home Health Care Services (621610) | 5 |
| Architectural Services (541310) | 4 |
| Fitness and Recreational Sports Centers (713940) | 4 |
| Manufacturing | 4 |
| Offices of Physicians (except Mental Health Specialists) (621111) | 4 |
| Administrative and Support and Waste Management and Remediation Services | 3 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| SBA Express Program | 110 |
| Preferred Lenders Program | 36 |
| 7(a) WCP | 2 |
| 7a General | 1 |
| International Trade Loans | 1 |
- Salem Five Cents Savings Bank made 150 SBA 7(a) loans totaling $30.6M in the 36 months ending September 30, 2026, net of cancelled approvals, in 2 states. SBA FOIA,
- 34 of them were in the 12 months to September 30, 2026, and 71 in the 12 months before. SBA FOIA,
- The typical loan was about $100K, with the middle half between $60K and $250K. SBA FOIA,
- The largest was about $2M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 83 loans were under $150K, and 3 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 9.50% on 150 loans, with the middle half between 8.25% and 10.00%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Landscaping Services, with 8. SBA FOIA,
- The SBA file lists 110 of its loans as processed under SBA Express Program. SBA FOIA,
- Its loans were most often in Massachusetts (146) and New Hampshire (4). SBA FOIA,
What we don't know
- Whether Salem Five Cents Savings Bank is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.