States Served
Top Industries Financed
- Full-Service Restaurants
- Breweries
- Electrical Contractors
- General Freight Trucking, Local
- Janitorial Services
Quick Summary
The North Salem State Bank is an SBA-approved lender headquartered in NORTH SALEM, Indiana. Since 2020, they have approved 26 SBA 7(a) loans totaling $5.6M, with an average loan size of $217K. They primarily serve Indiana businesses.
About The North Salem State Bank
The North Salem State Bank is an SBA-approved lender headquartered in NORTH SALEM, Indiana. Since 2020, they have approved 26 SBA 7(a) loans totaling $5.6M, with an average loan size of $217K. They primarily serve businesses in Indiana.
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Frequently Asked Questions
Is The North Salem State Bank an SBA Preferred Lender?
The North Salem State Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has The North Salem State Bank approved?
According to SBA FOIA public records, The North Salem State Bank has approved 26 SBA 7(a) loans totaling $5.6M since 2020. Their average loan size is $217K.
What states does The North Salem State Bank serve?
The North Salem State Bank primarily serves businesses in Indiana.
How do I apply for an SBA loan with The North Salem State Bank?
To apply for an SBA 7(a) loan with The North Salem State Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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