Salem Five Cents Savings Bank

Listed

Bank for asset based lending and commercial real estate loansSalem, MassachusettsBased in Massachusetts; service area not yet provided

BBLL 000907Listed Oct 2026From public recordsLast checked Oct 31, 2026

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About

Salem Five offers conventional and SBA business lending plus a specialized asset-based Business Credit program. Business Credit serves greater New England companies needing $3 million–$25 million, including businesses experiencing growth, seasonality or a turnaround.

Bank. Lends to businesses from its own deposits.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Asset based lending Commercial real estate loans Business lines of credit Term loans Working capital loans

From the lender's own site and public records.

A second look at Salem Five Cents Savings Bank

Direct bank lender; individual facilities remain subject to bank underwriting.

Published by Levr, not by Salem Five Cents Savings Bank. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

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Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business lending

Business Credit size and geography: $3 million–$25 million borrowing needs in greater New England.
Revolving collateral: Receivables and inventory support working-capital lines for manufacturing, wholesale/distribution, retail and service providers.
Term collateral: Term financing may use fixed assets and owner-occupied commercial real estate.
Business situations: Business Credit considers significant growth, seasonality, turnarounds and performance-improvement situations.

Provider sources: Business Credit · Bank business and commercial menu

When it may fit

Our assessment of the published programs

Could suit a New England company whose borrowing need is better matched to assets and a transition plan than a standard small-business loan.

What to weigh carefully

The specialty range does not apply to every Salem Five product; confirm current collateral availability and facility terms.

Questions before you accept an offer

What borrowing-base advance rates and reserves apply?
How will recent losses or seasonality affect covenants and reporting?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

How to compare business loan offers

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Wells Fargo

Compare Wells Fargo for U.S. business credit and equipment financing; confirm geographic availability.

U.S. Bank

Compare U.S. Bank for conventional and SBA business credit; confirm local service and transaction fit.

The lender

Type: Bank
Legal name: Salem Five Cents Savings Bank
Founded: 1855
Charter: Not yet provided Add it
Headquarters: Salem, Massachusetts
Service area: Based in Massachusetts; service area not yet provided
Meets in person: Not yet provided Add it
Languages: Not yet provided Add it
Program approvals: Not yet provided Add it
Also lends to consumers: Not yet provided Add it
Website: salemfive.com
LinkedIn: Not yet provided Add it

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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Tell us what your business needs. Our team reviews your request before arranging the next step.

Charter and approvals

FDIC certificate, 23296Record

Each one links to its official record.

Location

Based in Massachusetts; service area not yet provided.

Sources: FDIC BankFind institution record (Oct 31, 2026), FDIC financial report, June 30, 2026 (Oct 31, 2026), Official bank brand image (Oct 31, 2026), Business Credit (Oct 31, 2026), Bank business and commercial menu (Oct 31, 2026).

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