129 SBA loans worth $30.6M went to businesses in Salem, MA between October 2021 and June 2026, from 20 lenders. Eastern Bank made the most, 54 loans. The median loan was $75,000, compared with $145,000 across Massachusetts, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 54 | $3.7M | $50,000 | 13% |
| 2 | Salem Five Cents Savings Bank Bank · Salem, MA | 18 | $2.4M | $100,000 | 11% |
| 3 | Bay Colony Development Certified development company · Waltham, MA | 10 | $11.0M | $668,500 | 0% |
| 4 | TD Bank Bank · Wilmington, DE | 9 | $1.1M | $52,500 | 11% |
| 5 | Northeast Bank Bank · Portland, ME | 5 | $394K | $38,500 | 0% |
| 6 | TruNorth Bank Bank · Peabody, MA | 4 | $1.1M | $275,000 | 25% |
| 7 | Needham Bank Bank · Needham, MA | 4 | $236K | $58,000 | 0% |
| 8 | Manufacturers and Traders Trust Bank · Buffalo, NY | 4 | $195K | $50,000 | 50% |
| 9 | New England Certified Development Certified development company · Wakefield, MA | 3 | $4.2M | $984,000 | 0% |
| 10 | Granite State Economic Development Certified development company · Portsmouth, NH | 3 | $1.6M | $386,000 | 0% |
| 11 | Newtek Bank Bank · Miami, FL | 3 | $821K | $350,000 | 0% |
| 12 | Webster Bank Bank · Stamford, CT | 3 | $510K | $220,500 | 67% |
| 13 | Beacon Bank and Trust Bank · Boston, MA | 2 | $157K | $78,500 | 0% |
| 14 | Live Oak Banking Bank · Wilmington, NC | 1 | $1,000K | $999,500 | 0% |
| 15 | Bank of America Bank · Charlotte, NC | 1 | $740K | $739,500 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 26 | $50,000 | Eastern Bank | |
| Retail | 23 | $58,100 | Eastern Bank | |
| Restaurants and hotels | 21 | $100,000 | Eastern Bank | |
| Health care and social assistance | 13 | $50,000 | Eastern Bank | |
| Other services (repair, personal care) | 11 | $117,000 | Salem Five Cents Savings Bank | |
| Transportation and warehousing | 7 | $65,000 | Needham Bank | |
| Construction | 5 | $100,000 | TD Bank | |
| Wholesale trade | 5 | $88,700 | Eastern Bank |