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Salem Five Cents Savings Bank (MA)

Salem Five Cents Savings Bank (MA)

Salem Five Bank provides full-service financial services for the Greater Boston area, including banking, mortgage lending, loans, insurance and investments.

Advertising Agencies All Other Miscellaneous Food Manufacturing All Other Outpatient Care Centers All Other Specialty Trade Contractors Child Day Care Services

Electroplating, Plating, Polishing, Anodizing, and Coloring Engineering Services Finish Carpentry Contractors Fitness and Recreational Sports Centers General Automotive Repair Home Health Care Services Insurance Agencies and Brokerages Landscaping Services Masonry Contractors Motor Vehicle Supplies and New Parts Merchant Wholesalers New Single-Family Housing Construction (except Operative Builders) Offices of Chiropractors Offices of Dentists Offices of Lawyers Offices of Mental Health Practitioners (except Physicians) Other Commercial and Industrial Machinery and Equipment Rental and Lea Other Measuring and Controlling Device Manufacturing Painting and Wall Covering Contractors Plumbing, Heating, and Air-Conditioning Contractors Power and Communication Line and Related Structures Construction Residential Remodelers Security Guards and Patrol Services Snack and Nonalcoholic Beverage Bars Used Car Dealers

7a General

Change of Ownership

Existing or more than 2 years old

Fixed Rates

Loan Funds will Open Business

# New Business or 2 years or less

# Preferred Lenders Program

# SBA Express Program

# Startup

# Variable Rates

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SBA Loan Approvals as of Fiscal Year End 2025 75

SBA Loans Total Approval Amount as of Fiscal Year End 2025 $14,100,400

Average SBA Loan Size as of Fiscal Year End 2025 $188,005

Average SBA Loan Rate over Prime (Prime is 6.75%) 1.62

Unlock Your Financial Potential with Salem Five Cents Savings Bank (MA)

Salem Five Bank, founded in 1855, is a leading Massachusetts financial institution serving businesses across New England. Known for modern digital tools, strong commercial lending, and SBA loan expertise, Salem Five helps entrepreneurs access capital with confidence.

Key Features of Salem Five Bank

Full Business Banking Suite: Business checking, merchant services, treasury management, ACH/wires, remote deposit, and integrated payments.
SBA Lending Programs:
Salem Five participates in:
- SBA 7(a) loans
- SBA Express
- SBA 504 loans
Commercial Lending Strength: Business lines of credit, term loans, CRE financing, equipment loans, construction lending.
Industry Specialization: Retail, hospitality, manufacturing, real estate, healthcare, professional practices.
Advanced Digital Banking: 24/7 mobile and online tools, treasury dashboards, Positive Pay, remote deposit capture.
Community Commitment: Deep involvement in Massachusetts economic development and business initiatives.