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Salem Five Cents Savings Bank is a full-service financial institution founded in 1855, serving as an FDIC-insured mutual bank with approximately $8 billion in assets and over 30 retail branches across New England. The bank provides comprehensive banking, mortgage lending, loans, insurance, and investment services with a focus on community relationships and innovation, having been among the first banks to offer online banking.
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SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of December 31, 2025
Median
$275K
Average
$376K
Sweet Spot
$0-$500K
Industries with highest loan volume
Other Measuring and Controlling Device Manufacturing
1
loans
$438K
avg. amount
Other Measuring and Controlling Device Manufacturing
Loans
1
Avg. Amount
$438K
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
1
loans
$865K
avg. amount
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
Loans
1
Avg. Amount
$865K
General Automotive Repair
1
loans
$113K
avg. amount
General Automotive Repair
Loans
1
Avg. Amount
$113K
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
1
loans
$90K
avg. amount
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Loans
1
Avg. Amount
$90K
10-Year Default Rate
3.7%
Percentile Ranking
94th
94th percentile
Rate distribution data not available
Market comparison data not available
Spread over Prime at time of loan origination
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)