Loans & Lines
If you don’t qualify for traditional bank financing, a Small Business Administration (SBA) loan might be right for you. These are loans backed by the federal government’s Small Business Administration and specially-designed for small business needs. 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.
- Early-stage, start-up funding
- A wide range of uses
- Community business lending overview
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
A Salem Five line of credit lets you tap into available cash when you need it. This is a smart tool for many businesses to help with temporary cash flow deficits or to take advantage of a new business opportunity right away.
- 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
Business Credit Card
No matter which card you choose for your business, 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
- Employee credit cards
Pay a Loan
Salem Five's Online Loan Payment is an electronic loan processing system which allows you to make a one-time loan payment to your Salem Five loan via our secure website on a desktop computer, tablet or mobile device.
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