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County3rd of 3 in Delaware by approvalsFIPS 10001
SBA loans in Kent County, Delaware
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 178 loans to businesses in Kent County, Delaware, in FY2021 to FY2025, worth $52.7M: 172 under 7(a) and 6 under 504.
That is 35.8 approvals per 1,000 business establishments (4,971 establishments in 2023), close to the Delaware figure of 34.7 and close to the national 41.0.
It ranks 3rd of 3 Delaware counties with approvals. In FY2025 there were 50, up 32% on FY2024.
32 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (68), TD Bank, National Association (20) and Wilmington Savings Fund Society FSB (11). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Kent County
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 68 | $6.6M | 38.2% | |
| 2 | TD Bank, National AssociationWilmington, DE | 20 | $1.6M | 11.2% | |
| 3 | Wilmington Savings Fund Society FSBWilmington, DE | 11 | $4.8M | 6.2% | |
| 4 | Northeast BankLewiston, ME | 8 | $550K | 4.5% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 7 | $1.0M | 3.9% | |
| 6 | The Huntington National BankColumbus, OH | 6 | $1.5M | 3.4% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 6 | $716K | 3.4% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 5 | $3.1M | 2.8% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $154K | 2.2% | |
| 10 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $65K | 2.2% | |
| 11 | First Financial BankEl Dorado, AR | 3 | $4.8M | 1.7% | |
| 12 | True Access Capital CorporationWilmington, DE · CDC | 3 | $3.4M | 1.7% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $1.0M | 1.7% | |
| 14 | Five Star BankRancho Cordova, CA | 3 | $750K | 1.7% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 3 | $362K | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 9.0% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 9 | 5.1% | |
| 3 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 6 | 3.4% | |
| 4 | Grocery StoresNAICS 4451 | 6 | 3.4% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 6 | 3.4% | |
| 6 | Personal Care ServicesNAICS 8121 | 6 | 3.4% | |
| 7 | Health and Personal Care RetailersNAICS 4561 | 5 | 2.8% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 5 | 2.8% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 5 | 2.8% | |
| 10 | Poultry and Egg ProductionNAICS 1123 | 4 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 30 | 16.9% | |
| 2 | Professional, Scientific, and Technical Services | 21 | 11.8% | |
| 3 | Construction | 20 | 11.2% | |
| 4 | Accommodation and Food Services | 17 | 9.6% | |
| 5 | Other Services (except Public Administration) | 15 | 8.4% | |
| 6 | Transportation and Warehousing | 12 | 6.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 12 | 6.7% | |
| 8 | Health Care and Social Assistance | 9 | 5.1% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 21 | $6.1M | $50K | 0 | — | 21 | 232 |
| FY2025 | 50 | $7.8M | $50K | 0 | — | 50 | 233 |
| FY2024 | 37 | $11.2M | $100K | 1 | — | 38 | 278 |
| FY2023 | 40 | $12.8M | $79K | 3 | $3.4M | 43 | 372 |
| FY2022 | 28 | $14.0M | $66K | 0 | — | 28 | 205 |
| FY2021 | 17 | $2.4M | $70K | 2 | — | 19 | 116 |
| FY2020 | 15 | $7.3M | $150K | 2 | — | 17 | 367 |
| FY2019 | 26 | $6.4M | $93K | 1 | — | 27 | 231 |
| FY2018 | 23 | $16.3M | $100K | 1 | — | 24 | 405 |
| FY2017 | 23 | $12.0M | $100K | 0 | — | 23 | 168 |
| FY2016 | 31 | $17.3M | $150K | 1 | — | 32 | 177 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 123 approvals.
Against Delaware and the country
| FY2021–FY2025 | Kent County | Delaware | United States |
|---|---|---|---|
| Approvals | 178 | 1,031 | 342,825 |
| Approvals per 1,000 establishments | 35.8 | 34.7 | 41.0 |
| Median 7(a) approval | $75K | $100K | $190K |
| Median 504 approval | $546K | $861K | $657K |
| Average approval | $296K | $381K | $573K |
| 504 share of approvals | 3.4% | 2.6% | 11.0% |
| Jobs supported per approval, as reported | 6.8 | 8.2 | 10.5 |
| Share of state approvals | 17.3% | 100.0% | — |
Approval sizes
- $50,000 or less43.8%78
- $50,001 to $150,00027.0%48
- $150,001 to $350,00010.7%19
- $350,001 to $1 million13.5%24
- $1 million to $2 million1.7%3
- Over $2 million3.4%6
Age of the businesses
- Existing, more than 2 years old59.6%106
- New business, 2 years or less22.5%40
- Startup, loan funds will open the business14.6%26
- Change of ownership3.4%6
Questions and answers
Which lenders make the most SBA loans in Kent County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (68), TD Bank, National Association (20), Wilmington Savings Fund Society FSB (11), Northeast Bank (8), BayFirst National Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kent County?
The median 7(a) approval was $75K and the median 504 approval $546K; the Delaware 7(a) median was $100K.
Which industries get the most SBA loans in Kent County?
Restaurants and Other Eating Places (16); Services to Buildings and Dwellings (9); Agencies, Brokerages, and Other Insurance Related Activities (6); Grocery Stores (6); Management, Scientific, and Technical Consulting Services (6).
Is SBA lending in Kent County rising?
Approvals in the three latest complete fiscal years total 131, against 64 in the three before: rising (+105%).
How does Kent County compare with the rest of Delaware?
35.8 approvals per 1,000 establishments against 34.7 statewide, and 178 of the state's 1,031 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error