Short answer: As of 2026, you can get a Bitcoin-backed loan through SALT in 47 U.S. states plus Washington, D.C. The three states not currently served are New York, North Dakota, and South Dakota. Availability depends on lending licenses, not on Bitcoin itself — so the map can change as SALT expands. For the live, authoritative list, always check saltlending.com/map-list.
Can You Get a Bitcoin-Backed Loan in Your State?
For most U.S. residents, the answer is yes. A Bitcoin-backed loan lets you borrow cash against the Bitcoin you already own — unlocking liquidity without selling and without giving up your long-term upside. As of this posting (June 2026), SALT can lend to borrowers in the following states:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming — plus Washington, D.C.
One important note on loan type: SALT offers both personal and business Bitcoin-backed loans, but the loan types available — and the terms that come with them — vary by jurisdiction. Some locations may be limited to business loans only. The map-list is the single source of truth for what’s available where you live, so treat the list above as a snapshot and confirm there before applying.
Why Does Bitcoin Loan Availability Vary by State?
Bitcoin is borderless, but lending is not. In the U.S., consumer and commercial lending is regulated state by state, and a lender has to hold the right license in each state before it can originate loans there. That’s why a Bitcoin-backed loan can be available to a borrower in one state but not yet to their neighbor across a state line.
SALT loans are originated by SALT Lending LLC (NMLS ID 1711910), which holds state-specific licenses and registrations where required. Two recent milestones show how the footprint keeps growing:
- California — SALT holds a lending license in California under the California Financing Law, bringing the most populous U.S. state onto the map.
- Nevada — In late 2025, SALT was approved to offer consumer and commercial digital-asset-backed loans, making it one of the first licensed crypto lenders in the state.
Which States Can’t Get a SALT Bitcoin Loan Right Now?
As of this posting (June 2026), three states are not on SALT’s lendable list: New York, North Dakota, and South Dakota. This reflects each state’s licensing and regulatory requirements, not a permanent exclusion. SALT maintains an ineligible jurisdictions page alongside the map-list so you always know where things stand. If your state isn’t listed, you can still join the loan demand queue (more on that below) so SALT can prioritize and notify you when it expands.
What About Bitcoin Loans Outside the U.S.?
SALT lends internationally, too. Current jurisdictions include Canada, Brazil, Portugal, Switzerland, the United Kingdom, the United Arab Emirates, Vietnam, Australia, and New Zealand, along with the U.S. territories of Puerto Rico and the Northern Mariana Islands. As with the states, the map-list reflects the current, complete picture.
How a Bitcoin-Backed Loan Works
A Bitcoin-backed loan is a secured loan that uses your BTC as collateral. You keep ownership of your Bitcoin; SALT holds it as collateral until the loan is repaid. The basic flow:
- Apply and pledge your Bitcoin. Open an account and choose a personal or business loan.
- Receive cash. You get a cash loan based on a percentage of your collateral’s value (your loan-to-value ratio).
- Keep your upside. Because you didn’t sell, you stay exposed to Bitcoin’s future price movement.
- Repay or refinance. Pay the loan back on your terms and reclaim your Bitcoin — or refinance to roll it over and keep your liquidity working without selling.
Two features worth knowing: Stabilization can help protect your collateral from short-term market swings, and SALT Shield™ adds another layer of collateral protection — both designed to reduce the risk of a forced liquidation if the market dips.
What If My State Isn’t On the List Yet?
If SALT can’t lend in your state today, you can register your interest and help signal demand:
- Create a SALT account through the quick sign-up process.
- Go to Borrow in SALT’s marketplace and select a personal or business loan.
- Complete the loan calculator and submit to join the loan demand queue.
You’ll be notified when SALT is able to lend in your area. You can also ask Lendy, SALT’s 24/7 AI assistant, whether your specific location is currently eligible.
Frequently Asked Questions
Is SALT available in my state?
SALT lends in 47 U.S. states plus Washington, D.C. as of 2026. Check saltlending.com/map-list for the current list, since availability changes as SALT expands.
Can I get a personal loan, or only a business loan?
SALT offers both personal and business Bitcoin-backed loans, but the loan types and terms available depend on your jurisdiction — some locations may be business-only. Confirm what’s offered in your area on the map-list before applying.
Can I get a Bitcoin loan in New York?
Not currently. New York is not on SALT’s lendable list as of this posting (June 2026). You can join the loan demand queue to be notified if that changes.
Is borrowing against Bitcoin legal in the U.S.?
Yes. Borrowing against Bitcoin is legal where the lender is properly licensed to operate. SALT originates loans through SALT Lending LLC (NMLS 1711910) under applicable state licenses.
Does my state affect my loan terms?
It can. Available rates and terms are subject to change and may vary based on loan amount, qualifications, jurisdiction, and collateral profile.
Can I extend or refinance my loan?
Yes. When your term ends, you don’t have to repay in full to keep your Bitcoin — in many cases you can refinance and roll your loan over, so your liquidity keeps working without selling. Available options depend on your loan and jurisdiction; review your terms or reach out to SALT to refinance.
Do I owe taxes when I borrow against my Bitcoin?
Borrowing is generally not the same as selling, but tax treatment depends on your situation and jurisdiction. SALT does not provide tax advice — consult a qualified tax professional.
Borrow Against Your Bitcoin, Wherever You Are
If your state is on the list, you can put your Bitcoin to work without selling it. Check your eligibility on the map-list and see what your loan could look like.
Available rates and terms are subject to change and may vary based on loan amount, qualifications, jurisdiction, and collateral profile. Other terms, conditions, and restrictions may apply. SALT loans are subject to jurisdictional limitations; loan types (personal and/or business) vary by jurisdiction. For current availability, see saltlending.com/map-list. SALT loans are originated by SALT Lending LLC (f/k/a SALT Master Fund II, LLC) — NMLS 1711910. Digital currency is not legal tender, is not backed by any government, and SALT accounts are not subject to FDIC or SIPC protections. Nothing in this article constitutes investment, financial, tax, or legal advice; consult your own advisors before making decisions.
