Loans


SBA Loans

If you don’t qualify for traditional bank financing, a Small Business Administration (SBA) loan might be right for you. If you’re looking to expand, purchase new equipment, augment working capital, refinance existing debt, or have another need, an SBA loan can help you get it done. As an SBA Preferred Lender, Salem Five streamlines and simplifies the entire application and approval process.

Term Loans

From purchasing equipment or vehicles and consolidating debt, to making tangible business improvements, and more, a Salem Five term loan can support your growth. You’ll get a specified repayment schedule and choose a fixed or floating interest rate.

  • Immediate fund infusion
  • Long-term or one-time expenditures
  • Fixed-rate financing available

Lines of Credit

Need capital on tap? A Salem Five line of credit lets you write yourself a loan when you need it, helping answer cash flow concerns or jump on a new business opportunity at any time.

  • Capital when, where you need it
  • Support for letters of credit where needed
  • Competitive rate structures available

Real Estate Financing

If you’re looking to finance a commercial property, you need a solution geared to your business. Salem Five real estate specialists work to understand your business and market to develop truly customized commercial real estate financing options.

  • Tailored to your business needs
  • Loans from $1 million to $25 million
  • Terms from 1 to 10 years

Aviation Financing

Finding competitive, high-quality financing options for your light and midsize aircraft and helicopters isn’t easy. Salem Five Aviation’s network of reputable national aviation finance brokers can help take the complexity out of the process.

  • Competitive options
  • Covers multiple types of crafts
  • Simplified loan process

Business Credit Card

No matter which card you choose, you'll enjoy important features like EMV smart chip technology, mobile purchasing, free employee cards and more.

  • A range of cards and benefits
  • 24/7 account access
  • Mobile purchasing, employee credit cards, and more

 

Salem Five walked me through the SBA process which was complicated and my banker put a priority on getting me a good loan that would work for my situation and not run us too thin.

Danielle Ledeaux, Owner, Specialized Pediatric Eye Care