Home → Massachusetts → Salem Five Cents Savings Bank

Salem Five Cents Savings Bank

SALEM, MA 1970

⭐ SBA Preferred Lender
274
Loans Approved
$82.5M
Total Volume
$301K
Avg Loan Size
2
States Served

States Served

MassachusettsNew Hampshire

Top Industries Financed

  • Residential Remodelers
  • Beauty Salons
  • Janitorial Services
  • Landscaping Services
  • Plumbing, Heating, and Air-Conditioning Contractors

About Salem Five Cents Savings Bank

Salem Five Cents Savings Bank is an SBA-approved lender headquartered in SALEM, Massachusetts. Since 2020, they have approved 274 SBA 7(a) loans totaling $82.5M, with an average loan size of $301K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.

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