Salem Five Cents Savings Bank
Headquartered in SALEM, MA. Analysis based on 274 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $82.5M.
Total 7(a) loans
274
Total approved
$82.5M
Average loan
$301K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
16.33%
Average rate
7.82%
Average term
108 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 236118 | Residential Remodelers | 17 |
| 812112 | Beauty Salons | 11 |
| 561720 | Janitorial Services | 9 |
| 561730 | Landscaping Services | 9 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 8 |
| 561621 | Security Systems Services (except Locksmiths) | 7 |
| 621610 | Home Health Care Services | 7 |
| 238210 | Electrical Contractors | 6 |
| 621330 | Offices of Mental Health Practitioners (except Physicians) | 6 |
| 238990 | All Other Specialty Trade Contractors | 6 |
Top 10 states
| State | Loans |
|---|---|
| MA | 264 |
| NH | 10 |
Top franchise brands financed
9 franchise loans across 3 distinct brands.
| Franchise | Loans |
|---|---|
| Jackson Hewitt Tax Service | 4 |
| Senior Helpers | 3 |
| Stride | 2 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.