SBA Loans in Salem, IL

Explore recent SBA 7(a) and 504 lending activity in Salem. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

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Total SBA loans

all programs

Approved $

$19.6M

last 24 months

Avg loan

$302K

median $245K

Active lenders

approved here

Jobs supported

517

cumulative

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SALEM · 65 LOANS

Top lenders in Salem

Peoples National Bank National Association

Bank of America, National Association

Community First Bank of the Heartland

Community Partners Savings Bank

VelocitySBA, LLC

First Financial Bank, National Association

Top industries in Salem

Full-Service Restaurants

Motorcycle, ATV, and All Other Motor Vehicle Dealers

All Other Miscellaneous Store Retailers (except Tobacco Stores)

All Other Motor Vehicle Dealers

Beauty Salons

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Loan records · Salem, IL

65 records

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Borrower

Location

Program

Industry

Little Egypt Golf Cars, Ltd Community First Bank of the Heartland

Salem, IL

62881

$3,475,000

$134K

7(a)

Motorcycle, ATV, and All Other Motor Vehicle Dealers

2021-06-12

PENNINGTON CHEVROLET BUICK OF SALEM LLC Midland States Bank

Salem, IL

62881

$2,363,500

$124K

7(a)

New Car Dealers

2022-08-25

US Sonet, LLC South Central Illinois Regional Planning & Development Commission

Salem, IL

62881

$1,200,000

$44K

504

Television Broadcasting

2003-06-03

MELAS, INC.Constitution Bank National Association

Salem, IL

62881

$1,070,000

—

7(a)

Sporting and Athletic Goods Manufacturing

1994-11-30

DENNY'S Peoples National Bank National Association

Salem, IL

62881

$1,008,475

—

7(a)

Full-Service Restaurants

2001-10-12

F & H BRO INC Business Loan Center, LLC

Salem, IL

62881

$985,000

$246K

7(a)

Gasoline Stations with Convenience Stores

2002-09-19

Vinco Partners at Salem LLC Peoples National Bank National Association

Salem, IL

62881

$740,000

$35K

7(a)

Full-Service Restaurants

2022-02-25

Neal E. Smith and Marcella J.Smith Community First Bank of the Heartland

Salem, IL

62881

$647,700

$81K

7(a)

All Other Motor Vehicle Dealers

2012-03-14

Little Egypt Golf Cars Community First Bank of the Heartland

Salem, IL

62881

$644,000

$107K

7(a)

Motorcycle, ATV, and All Other Motor Vehicle Dealers

2020-08-25

Cross Creek Dentistry LLC Peoples National Bank National Association

Salem, IL

62881

$635,000

$79K

7(a)

Offices of Dentists

2017-02-27

ANIMAL HOSPITAL OF SALEM, P.C.Small Business Growth Corporation

Salem, IL

62881

$589,000

$45K

504

Veterinary Services

2001-09-20

MENSON'S AMOCO South Central Illinois Regional Planning & Development Commission

Salem, IL

62881

$587,000

$33K

504

—

1998-08-11

Neal E. Smith and Marcella J.Smith Community First Bank of the Heartland

Salem, IL

62881

$415,000

$42K

7(a)

All Other Motor Vehicle Dealers

2012-03-14

JETA Morgan, Inc.Peoples National Bank National Association

Salem, IL

62881

$350,000

$175K

7(a)

Sporting Goods Stores

2015-03-24

S Illinois Helicopter LLC Community Partners Savings Bank

Salem, IL

62881

$350,000

$70K

7(a)

"Soil Preparation, Planting, and Cultivating"

2016-02-16

Molenhour Power Equipment, Inc Community Partners Savings Bank

Salem, IL

62881

$350,000

$58K

7(a)

Outdoor Power Equipment Stores

2021-02-18

The Family Tree Learning Collective LLC Series FTLC of Salem LLC Peoples National Bank National Association

Salem, IL

62881

$325,000

$17K

7(a)

Child Day Care Services

2025-03-28

Meigs Management Company, Inc.Small Business Growth Corporation

Salem, IL

62881

$224,000

$224K

504

Jewelry Stores

2019-08-16

WILCO CONCRETE, INC.Peoples National Bank National Association

Salem, IL

62881

$222,000

$56K

7(a)

Structural Steel and Precast Concrete Contractors

2010-08-18

United Medical Response, LLC Peoples National Bank National Association

Salem, IL

62881

$192,700

$2K

7(a)

Ambulance Services

2023-02-01

EAST SIDE POOLS & SPAS Peoples National Bank National Association

Salem, IL

62881

$188,800

$38K

7(a)

All Other Miscellaneous Store Retailers (except Tobacco Stores)

2009-08-04

THE IMAGE CONNECTION The Peoples State Bank of Newton, Illinois

Salem, IL

62881

$155,000

—

7(a)

—

1995-07-25

US Sonet, LLC Community Partners Savings Bank

Salem, IL

62870

$150,000

$8K

7(a)

Wired Telecommunications Carriers

2014-12-10

US Sonet, LLC Community Partners Savings Bank

Salem, IL

62881

$150,000

$10K

7(a)

Wired Telecommunications Carriers

2015-04-08

Little Egypt Golf Cars Community First Bank of the Heartland

Salem, IL

62881

$150,000

$13K

7(a)

Motorcycle, ATV, and All Other Motor Vehicle Dealers

2015-04-21

Little Egypt Golf Cars, Ltd

Salem, IL · 62881

$3,475,000

7(a)

Community First Bank of the Heartland$134K/job · 2021-06-12

PENNINGTON CHEVROLET BUICK OF SALEM LLC

Salem, IL · 62881

$2,363,500

7(a)

Midland States Bank$124K/job · 2022-08-25

South Central Illinois Regional Planning & Development Commission$44K/job · 2003-06-03

Constitution Bank National Association1994-11-30

Peoples National Bank National Association2001-10-12

Business Loan Center, LLC$246K/job · 2002-09-19

Vinco Partners at Salem LLC

Salem, IL · 62881

$740,000

7(a)

Peoples National Bank National Association$35K/job · 2022-02-25

Neal E. Smith and Marcella J.Smith

Salem, IL · 62881

$647,700

7(a)

Community First Bank of the Heartland$81K/job · 2012-03-14

Little Egypt Golf Cars

Salem, IL · 62881

$644,000

7(a)

Community First Bank of the Heartland$107K/job · 2020-08-25

Cross Creek Dentistry LLC

Salem, IL · 62881

$635,000

7(a)

Peoples National Bank National Association$79K/job · 2017-02-27

ANIMAL HOSPITAL OF SALEM, P.C.

Salem, IL · 62881

$589,000

504

Small Business Growth Corporation$45K/job · 2001-09-20

South Central Illinois Regional Planning & Development Commission$33K/job · 1998-08-11

Neal E. Smith and Marcella J.Smith

Salem, IL · 62881

$415,000

7(a)

Community First Bank of the Heartland$42K/job · 2012-03-14

Peoples National Bank National Association$175K/job · 2015-03-24

S Illinois Helicopter LLC

Salem, IL · 62881

$350,000

7(a)

Community Partners Savings Bank$70K/job · 2016-02-16

Molenhour Power Equipment, Inc

Salem, IL · 62881

$350,000

7(a)

Community Partners Savings Bank$58K/job · 2021-02-18

The Family Tree Learning Collective LLC Series FTLC of Salem LLC

Salem, IL · 62881

$325,000

7(a)

Peoples National Bank National Association$17K/job · 2025-03-28

Meigs Management Company, Inc.

Salem, IL · 62881

$224,000

504

Small Business Growth Corporation$224K/job · 2019-08-16

Peoples National Bank National Association$56K/job · 2010-08-18

United Medical Response, LLC

Salem, IL · 62881

$192,700

7(a)

Peoples National Bank National Association$2K/job · 2023-02-01

EAST SIDE POOLS & SPAS

Salem, IL · 62881

$188,800

7(a)

Peoples National Bank National Association$38K/job · 2009-08-04

The Peoples State Bank of Newton, Illinois1995-07-25

Community Partners Savings Bank$8K/job · 2014-12-10

Community Partners Savings Bank$10K/job · 2015-04-08

Little Egypt Golf Cars

Salem, IL · 62881

$150,000

7(a)

Community First Bank of the Heartland$13K/job · 2015-04-21

1–25 of 65

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