SBA Loans in Salem, IN

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 $

$14.7M

last 24 months

Avg loan

$351K

median $245K

Active lenders

approved here

Jobs supported

511

cumulative

Loan activity map

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SALEM · 42 LOANS

Top lenders in Salem

PNC Bank, National Association

Premier Capital Corporation

First Harrison Bank

First Merchants Bank

Indiana Statewide Certified Development Corporation

Wells Fargo Bank National Association

Top industries in Salem

Offices of Chiropractors

Limited-Service Restaurants

"Cut Stock, Resawing Lumber, and Planing"

Lessors of Nonresidential Buildings (except Miniwarehouses)

New Car Dealers

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Loan records · Salem, IN

42 records

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Borrower

Location

Program

Industry

Ace Hardware Of Salem Live Oak Banking Company

Salem, IN

47167

$2,600,000

$96K

7(a)

Hardware Retailers

2023-01-20

S AND L DEVELOPMENT LLC Springs Valley Bank & Trust Company

Salem, IN

47167

$1,695,000

$848K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2016-10-26

H and R Bakery, Inc.Beacon CU

Salem, IN

47167

$1,327,000

$664K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2018-04-13

Eddie Gilstrap Motors Inc Premier Capital Corporation

Salem, IN

47167

$1,183,000

$79K

504

New Car Dealers

2025-02-14

HOUSEWOODS, INC.Indiana Statewide Certified Development Corporation

Salem, IN

47167

$752,000

$20K

504

Logging

1996-08-30

J & G INC.Wells Fargo Bank National Association

Salem, IN

47167

$710,000

–

7(a)

–

1996-06-24

Ja Rice LLC Centra Credit Union

Salem, IN

47167

$705,000

$71K

7(a)

Full-Service Restaurants

2025-08-15

Abernathy Construction LLC Readycap Lending, LLC

Salem, IN

47167

$500,000

$50K

7(a)

Residential Remodelers

2024-12-03

HILLCREST PALLET INC Old National Bank

Salem, IN

47167

$450,000

$35K

7(a)

Wood Container and Pallet Manufacturing

2008-05-19

Weaponspro, LLC First Merchants Bank

Salem, IN

47167

$400,000

–

7(a)

Sporting Goods Stores

2018-08-17

HEALTH CENTERED CHIROPRACTIC Readycap Lending, LLC

Salem, IN

47167

$346,500

$87K

7(a)

Offices of Chiropractors

2004-03-05

NEFF FAMILY FERTILIZER, INC.Regions Bank

Salem, IN

47167

$322,000

–

7(a)

–

1995-02-14

Maudlin Enterprises, LLC and Maudlin Liquors, LLC First Harrison Bank

Salem, IN

47167

$312,000

$156K

7(a)

"Beer, Wine, and Liquor Stores"

2011-07-22

EDDIE GILSTRAP MOTORS, INC.First Merchants Bank

Salem, IN

47167

$300,000

$6K

7(a)

New Car Dealers

2009-05-07

SALEM WRECKER SERVICE LLC First Merchants Bank

Salem, IN

47167

$300,000

$150K

7(a)

Motor Vehicle Towing

2023-11-03

Willard C Thorn Premier Capital Corporation

Salem, IN

47167

$298,000

$18K

504

Other Concrete Product Manufacturing

2019-04-26

RICHARDS CHIROPRACTIC SPINE AND JOINT CENTER INC.First Harrison Bank

Salem, IN

47167

$283,500

$57K

7(a)

Offices of Chiropractors

2010-02-20

STEVEN BREWER CPA PC Wells Fargo Bank National Association

Salem, IN

47167

$257,000

$29K

7(a)

Limited-Service Restaurants

2005-12-27

HOSKINS LUMBER COMPANY LLC WesBanco Bank, Inc.

Salem, IN

47167

$200,000

$15K

7(a)

"Cut Stock, Resawing Lumber, and Planing"

2025-07-21

HOWARD W HAMILTON AND CINDY L PNC Bank, National Association

Salem, IN

47167

$197,500

$49K

7(a)

Drinking Places (Alcoholic Beverages)

2001-02-14

Lora Tucker Properties, LLC Premier Capital Corporation

Salem, IN

47167

$185,000

$93K

504

Veterinary Services

2018-03-29

DR. JOSHUA REASOR First Harrison Bank

Salem, IN

47167

$180,000

$60K

7(a)

Offices of Chiropractors

2010-03-18

TACO BELL (SALEM & N. VERNON)Indiana Statewide Certified Development Corporation

Salem, IN

47167

$140,000

$664

504

–

1994-10-24

Hunters Point Kennel, Inc.PNC Bank, National Association

Salem, IN

47167

$130,000

$65K

7(a)

Support Activities for Animal Production

2007-07-03

SUBWAY SANDWICH SHOPPE AND NOB The Huntington National Bank

Salem, IN

47167

$120,000

$30K

7(a)

Limited-Service Restaurants

2002-09-25

Ace Hardware Of Salem

Salem, IN · 47167

$2,600,000

7(a)

Live Oak Banking Company$96K/job · 2023-01-20

S AND L DEVELOPMENT LLC

Salem, IN · 47167

$1,695,000

7(a)

Springs Valley Bank & Trust Company$848K/job · 2016-10-26

Beacon CU$664K/job · 2018-04-13

Eddie Gilstrap Motors Inc

Salem, IN · 47167

$1,183,000

504

Premier Capital Corporation$79K/job · 2025-02-14

Indiana Statewide Certified Development Corporation$20K/job · 1996-08-30

Wells Fargo Bank National Association1996-06-24

Centra Credit Union$71K/job · 2025-08-15

Abernathy Construction LLC

Salem, IN · 47167

$500,000

7(a)

Readycap Lending, LLC$50K/job · 2024-12-03

Old National Bank$35K/job · 2008-05-19

First Merchants Bank2018-08-17

HEALTH CENTERED CHIROPRACTIC

Salem, IN · 47167

$346,500

7(a)

Readycap Lending, LLC$87K/job · 2004-03-05

NEFF FAMILY FERTILIZER, INC.

Salem, IN · 47167

$322,000

7(a)

Regions Bank1995-02-14

Maudlin Enterprises, LLC and Maudlin Liquors, LLC

Salem, IN · 47167

$312,000

7(a)

First Harrison Bank$156K/job · 2011-07-22

EDDIE GILSTRAP MOTORS, INC.

Salem, IN · 47167

$300,000

7(a)

First Merchants Bank$6K/job · 2009-05-07

SALEM WRECKER SERVICE LLC

Salem, IN · 47167

$300,000

7(a)

First Merchants Bank$150K/job · 2023-11-03

Premier Capital Corporation$18K/job · 2019-04-26

RICHARDS CHIROPRACTIC SPINE AND JOINT CENTER INC.

Salem, IN · 47167

$283,500

7(a)

First Harrison Bank$57K/job · 2010-02-20

Wells Fargo Bank National Association$29K/job · 2005-12-27

HOSKINS LUMBER COMPANY LLC

Salem, IN · 47167

$200,000

7(a)

WesBanco Bank, Inc.$15K/job · 2025-07-21

HOWARD W HAMILTON AND CINDY L

Salem, IN · 47167

$197,500

7(a)

PNC Bank, National Association$49K/job · 2001-02-14

Lora Tucker Properties, LLC

Salem, IN · 47167

$185,000

504

Premier Capital Corporation$93K/job · 2018-03-29

First Harrison Bank$60K/job · 2010-03-18

TACO BELL (SALEM & N. VERNON)

Salem, IN · 47167

$140,000

504

Indiana Statewide Certified Development Corporation$664/job · 1994-10-24

Hunters Point Kennel, Inc.

Salem, IN · 47167

$130,000

7(a)

PNC Bank, National Association$65K/job · 2007-07-03

SUBWAY SANDWICH SHOPPE AND NOB

Salem, IN · 47167

$120,000

7(a)

The Huntington National Bank$30K/job · 2002-09-25

1–25 of 42

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