Salem Five Cents Savings Bank: SBA loans in this registry
6companies
6loans
$10.2Mtotal approved
$1.7Maverage loan
About this lender
- Type
- Bank
- Headquarters
- Salem, MA
- FDIC certificate number
- 23296
- Total assets
- $8.8 billion (as of June 30, 2026)
- Established
- 1855
- Offices
- 34
- Website
- www.salemfive.com
- Acquisition loans (7(a))
- 2 loans, $1.8M total, $882K average
- Expansion loans (504, SBA portion)
- 4 loans, $8.4M total, $2.1M average
- Approval dates
- Jun 25, 2024 to Sep 16, 2026
- Typical term (median)
- acquisition loans: 8 years; expansion loans: 25 years
- Initial interest rate (7(a))
- 7.5% to 7.5%, median 7.50%
- Rate type (7(a))
- 0% variable, 100% fixed
Top industries
- Automotive Oil Change and Lubrication Shops: 1 loan
- Floor Covering Retailers: 1 loan
- Coin-Operated Laundries and Drycleaners: 1 loan
- Lessors of Miniwarehouses and Self-Storage Units: 1 loan
- Plumbing, Heating, and Air-Conditioning Contractors: 1 loan
Top states
- Massachusetts: 5 loans
- New Hampshire: 1 loan
Largest deals
- Zxe, LLC, Salem, MA: $4,960,000 (504 SBA portion, Nov 17, 2025)
- Landry & Arcari Oriental Rugs and Carpeting, Inc., Beverly, MA: $1,221,000 (504 SBA portion, Apr 14, 2026)
- 175 West Main Hillsboro LLC, Hillsborough, NH: $1,195,000 (504 SBA portion, Sep 16, 2026)
- Super Service Today Inc, Danvers, MA: $1,066,000 (504 SBA portion, Jan 31, 2025)
- Happy Wash LLC, Haverhill, MA: $900,000 (7(a) acquisition, Dec 10, 2025)
Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.
Companies
Use search to find others.
| Company | Location | Industry | Type | Latest approval | Approved |
|---|---|---|---|---|---|
| 175 West Main Hillsboro LLC | Hillsborough, NH | Automotive Oil Change and Lubrication Shops | Expansion | Sep 16, 2026 | $1.2M |
| Landry & Arcari Oriental Rugs and Carpeting, Inc. | Beverly, MA | Floor Covering Retailers | Expansion | Apr 14, 2026 | $1.2M |
| Happy Wash LLC | Haverhill, MA | Coin-Operated Laundries and Drycleaners | Acquisition | Dec 10, 2025 | $900K |
| Zxe, LLC | Salem, MA | Lessors of Miniwarehouses and Self-Storage Units | Expansion | Nov 17, 2025 | $5.0M |
| Super Service Today Inc | Danvers, MA | Plumbing, Heating, and Air-Conditioning Contractors | Expansion | Jan 31, 2025 | $1.1M |
| Cornell Orthotics & Prosthetics, Inc. | Beverly, MA | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | Acquisition | Jun 25, 2024 | $865K |