Salem Five Cents Savings Bank: SBA Lending Record
What SBA's own loan files show about Salem Five Cents Savings Bank as an SBA lender, and how a lender's record bears on a feasibility study.
SBA's record for Salem Five Cents Savings Bank
437 loans carry Salem Five Cents Savings Bank as holder across FY2017 to FY2026: $125.4 million gross. Salem Five Cents Savings Bank is recorded by SBA in Massachusetts. All 437 loans are holdings: Salem Five Cents Savings Bank holds or last held each, per SBA. 437 loans sit under SBA 7(a). Salem Five Cents Savings Bank has 0 under SBA 504. Salem Five Cents Savings Bank's last year, FY2026, is complete. 437 loans, $125.4 million gross: that is Salem Five Cents Savings Bank's whole record. Behind the 437 loans stands SBA's guarantee, not Salem Five Cents Savings Bank's, so read holdings and not policy.
350 loans among Salem Five Cents Savings Bank's 437 carry no named class. Classes at Salem Five Cents Savings Bank: Fitness center (15); Beauty salon at 14; Full-service restaurant at 11; Dental office (8); Child care center at 8; Rehabilitation and therapy clinic (5). 15 Fitness center loans sit beside 350 unclassed ones in Salem Five Cents Savings Bank's 437. A class view of Salem Five Cents Savings Bank spans part of 437. 14 Beauty salon loans trail 15 Fitness center at Salem Five Cents Savings Bank.
Salem Five Cents Savings Bank: where the loans sit
The state table has one line: Massachusetts, with 412 of the 437 loans. 412 of Salem Five Cents Savings Bank's 437 loans sit in Massachusetts. Salem Five Cents Savings Bank's table maps 437 loans, no boundary for sites beyond Massachusetts.
Salem Five Cents Savings Bank outcome floors
Among FY2017 to FY2024 approvals, 16.2% or more were cancelled, a floor. Ceiling 18.9%: undisbursed loans count as cancelled. The floor, 3.2%, comes from 158 loans disbursed in FY2017 to FY2021. Salem Five Cents Savings Bank shows no charge-off rate by year five. Loan Analytics' small-group policy stops it printing on thin cohorts. Do not read it as zero; no guess is offered. Salem Five Cents Savings Bank shows 16.2% cancelled, so approval is not funding. 3.2% charged off in 158 loans: cash flow must hold. At Salem Five Cents Savings Bank, test one is site demand. At Salem Five Cents Savings Bank, test two is full project cost. For Salem Five Cents Savings Bank, test three is debt service coverage. At Salem Five Cents Savings Bank, test four is the appraisal.
Salem Five Cents Savings Bank's record shows a lender 437 loans and $125.4 million gross. Salem Five Cents Savings Bank's file hands a borrower 437 holdings and no terms. The 437 loans cannot show how Salem Five Cents Savings Bank would treat a request. 15 Fitness center loans head the list. Salem Five Cents Savings Bank's record stops at holdings. For Salem Five Cents Savings Bank, bring a self-standing study. Nothing beyond 437 loans appears for Salem Five Cents Savings Bank.
SBA loans held by Salem Five Cents Savings Bank
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 437 |
|---|---|
| Gross dollars approved | $125.4 million |
| SBA 7(a) loans | 437 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 16.2% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 18.9% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 3.2% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 158 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 350 |
| Fitness center | 15 |
| Beauty salon | 14 |
| Full-service restaurant | 11 |
| Dental office | 8 |
| Child care center | 8 |
| Rehabilitation and therapy clinic | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Massachusetts | 412 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-23296.
Related feasibility study pages
- SBA Lender Feasibility Study Data
- SBA feasibility study company
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