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County1st of 3 in Delaware by approvalsFIPS 10003
SBA loans in New Castle 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.
Businesses in New Castle County, Delaware, received 598 SBA loan approvals worth $260M in FY2021 to FY2025 (584 7(a), 14 504).
That is 33.5 approvals per 1,000 business establishments (17,855 establishments in 2023), close to the Delaware figure of 34.7 and below the national 41.0.
It ranks 1st of 3 Delaware counties with approvals. In FY2025 there were 156, about level with FY2024.
69 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (129), TD Bank, National Association (100) and Wilmington Savings Fund Society FSB (37). 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 New Castle County
By number of approvals to businesses in the county, FY2021–FY2025; 69 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 129 | $21.0M | 21.6% | |
| 2 | TD Bank, National AssociationWilmington, DE | 100 | $7.3M | 16.7% | |
| 3 | Wilmington Savings Fund Society FSBWilmington, DE | 37 | $37.7M | 6.2% | |
| 4 | The Huntington National BankColumbus, OH | 32 | $11.5M | 5.4% | |
| 5 | Northeast BankLewiston, ME | 28 | $4.7M | 4.7% | |
| 6 | PNC Bank, National AssociationWilmington, DE | 25 | $3.9M | 4.2% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 21 | $4.8M | 3.5% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 18 | $4.8M | 3.0% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 16 | $14.9M | 2.7% | |
| 10 | Fulton Bank, National AssociationLancaster, PA | 13 | $17.5M | 2.2% | |
| 11 | Beacon Bank and TrustBrookline, MA | 13 | $12.2M | 2.2% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 12 | $3.2M | 2.0% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 10 | $9.4M | 1.7% | |
| 14 | Grow America Fund, IncorporatedNew York, NY | 9 | $8.2M | 1.5% | |
| 15 | Delaware Community Development CorporationWilmington, DE · CDC | 8 | $7.2M | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 52 | 8.7% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 28 | 4.7% | |
| 3 | Personal Care ServicesNAICS 8121 | 26 | 4.3% | |
| 4 | General Freight TruckingNAICS 4841 | 21 | 3.5% | |
| 5 | Residential Building ConstructionNAICS 2361 | 20 | 3.3% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 18 | 3.0% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 18 | 3.0% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 16 | 2.7% | |
| 9 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 15 | 2.5% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 14 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 76 | 12.7% | |
| 2 | Professional, Scientific, and Technical Services | 73 | 12.2% | |
| 3 | Construction | 71 | 11.9% | |
| 4 | Other Services (except Public Administration) | 60 | 10.0% | |
| 5 | Accommodation and Food Services | 59 | 9.9% | |
| 6 | Health Care and Social Assistance | 44 | 7.4% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 44 | 7.4% | |
| 8 | Transportation and Warehousing | 40 | 6.7% |
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* | 93 | $41.8M | $150K | 1 | — | 94 | 680 |
| FY2025 | 152 | $60.4M | $148K | 4 | $2.3M | 156 | 1,140 |
| FY2024 | 155 | $60.5M | $108K | 4 | $6.8M | 159 | 1,292 |
| FY2023 | 120 | $49.8M | $150K | 2 | — | 122 | 1,480 |
| FY2022 | 79 | $26.1M | $123K | 1 | — | 80 | 592 |
| FY2021 | 78 | $43.9M | $250K | 3 | $6.3M | 81 | 986 |
| FY2020 | 70 | $38.1M | $165K | 5 | $1.8M | 75 | 816 |
| FY2019 | 89 | $20.6M | $86K | 1 | — | 90 | 704 |
| FY2018 | 122 | $43.4M | $92K | 5 | $4.5M | 127 | 1,243 |
| FY2017 | 105 | $23.1M | $80K | 2 | — | 107 | 872 |
| FY2016 | 83 | $24.0M | $100K | 4 | $2.3M | 87 | 908 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 486 approvals.
Against Delaware and the country
| FY2021–FY2025 | New Castle County | Delaware | United States |
|---|---|---|---|
| Approvals | 598 | 1,031 | 342,825 |
| Approvals per 1,000 establishments | 33.5 | 34.7 | 41.0 |
| Median 7(a) approval | $150K | $100K | $190K |
| Median 504 approval | $1.1M | $861K | $657K |
| Average approval | $435K | $381K | $573K |
| 504 share of approvals | 2.3% | 2.6% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 8.2 | 10.5 |
| Share of state approvals | 58.0% | 100.0% | — |
Approval sizes
- $50,000 or less34.9%209
- $50,001 to $150,00018.9%113
- $150,001 to $350,00018.7%112
- $350,001 to $1 million14.9%89
- $1 million to $2 million8.2%49
- Over $2 million4.3%26
Age of the businesses
- Existing, more than 2 years old50.3%301
- New business, 2 years or less22.6%135
- Startup, loan funds will open the business17.9%107
- Change of ownership9.2%55
Questions and answers
Which lenders make the most SBA loans in New Castle County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (129), TD Bank, National Association (100), Wilmington Savings Fund Society FSB (37), The Huntington National Bank (32), Northeast Bank (28). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in New Castle County?
The median 7(a) approval was $150K and the median 504 approval $1.1M; the Delaware 7(a) median was $100K.
Which industries get the most SBA loans in New Castle County?
Restaurants and Other Eating Places (52); Services to Buildings and Dwellings (28); Personal Care Services (26); General Freight Trucking (21); Residential Building Construction (20).
Is SBA lending in New Castle County rising?
Approvals in the three latest complete fiscal years total 437, against 236 in the three before: rising (+85%).
How does New Castle County compare with the rest of Delaware?
33.5 approvals per 1,000 establishments against 34.7 statewide, and 598 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