Lenders › Wilmington Savings Fund Society FSB
7(a) lenderWilmington, DelawareFDIC-insured bank52nd of 2,184 by approvals
Wilmington Savings Fund Society FSB
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Wilmington Savings Fund Society FSB, based in Wilmington, Delaware, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 689 of its 7(a) loans worth $583M in FY2021 to FY2025, which places it 52nd of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 141 approvals totalling $117M, up 18% on FY2024 (120). FY2026 to 30 Jun 2026 adds 126 more.
The median approval was $500K, against $190K for the 7(a) program as a whole; 14.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 26 states and territories and 113 counties, led by Pennsylvania (41.1%), New Jersey (29.6%) and Delaware (9.0%). The largest industry group was accommodation and food services at 25.7% of approvals, and 24.1% of approvals were to franchise businesses.
Of 1,083 disbursed loans approved in FY2010 to FY2021, SBA records 64 as charged off (5.9%), 821 as paid in full and 198 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 126 | $90.7M | $500K | $719K | 1,525 |
| FY2025 | 141 | $117M | $587K | $831K | 1,735 |
| FY2024 | 120 | $93.1M | $549K | $776K | 2,284 |
| FY2023 | 119 | $104M | $560K | $876K | 2,300 |
| FY2022 | 106 | $96.5M | $500K | $910K | 2,222 |
| FY2021 | 203 | $172M | $420K | $847K | 2,898 |
| FY2020 | 82 | $61.0M | $387K | $744K | 1,294 |
| FY2019 | 68 | $56.0M | $500K | $824K | 797 |
| FY2018 | 110 | $95.9M | $458K | $872K | 1,689 |
| FY2017 | 114 | $65.1M | $352K | $571K | 1,486 |
| FY2016 | 84 | $46.0M | $315K | $547K | 1,150 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 458 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Pennsylvania | 7(a) program |
|---|---|---|---|
| Approvals in these years | 1,235 | 20,449 | 639,905 |
| Cancelled or never disbursed | 152 | 2,853 | 79,313 |
| Disbursed loans | 1,083 | 17,596 | 560,592 |
| Paid in full | 821 | 13,626 | 435,813 |
| Charged off | 64 | 1,040 | 36,891 |
| Still outstanding (status exempt from disclosure) | 198 | 2,930 | 87,888 |
| Charged off, share of disbursed loans | 5.9% | 5.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 3.3% | 2.6% | 2.5% |
| Dollars charged off | $21.9M | $171M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 156 | 76 | 4 | 2.6% | 2.8% |
| FY2020 | 73 | 38 | 2 | 2.7% | 4.0% |
| FY2019 | 63 | 34 | 1 | 1.6% | 6.7% |
| FY2018 | 103 | 74 | 5 | 4.9% | 7.9% |
| FY2017 | 108 | 81 | 8 | 7.4% | 7.7% |
| FY2016 | 78 | 64 | 2 | 2.6% | 7.2% |
| FY2015 | 96 | 88 | 5 | 5.2% | 6.9% |
| FY2014 | 80 | 74 | 4 | 5.0% | 6.4% |
| FY2013 | 98 | 92 | 6 | 6.1% | 6.0% |
| FY2012 | 63 | 54 | 8 | 12.7% | 6.3% |
| FY2011 | 88 | 78 | 10 | 11.4% | 6.9% |
| FY2010 | 77 | 68 | 9 | 11.7% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $500K | $190K |
| Average approval | $846K | $518K |
| Approvals of $150,000 or less | 14.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 60.4% | 34.3% |
| Approvals to franchise businesses | 24.1% | 11.5% |
| Jobs supported per approval, as reported | 16.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.9% | 6.6% |
States served
| # | State of the business (26 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pennsylvania | 283 | $234M | 41.1% | |
| 2 | New Jersey | 204 | $173M | 29.6% | |
| 3 | Delaware | 62 | $52.0M | 9.0% | |
| 4 | Maryland | 40 | $32.4M | 5.8% | |
| 5 | Virginia | 30 | $23.4M | 4.4% | |
| 6 | District of Columbia | 10 | $6.8M | 1.5% | |
| 7 | Florida | 7 | $4.6M | 1.0% | |
| 8 | Missouri | 6 | $6.6M | 0.9% | |
| 9 | Texas | 6 | $5.3M | 0.9% | |
| 10 | North Carolina | 5 | $10.0M | 0.7% | |
| 11 | California | 4 | $4.5M | 0.6% | |
| 12 | Connecticut | 4 | $4.5M | 0.6% |
In Pennsylvania the lender accounts for 2.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (113 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Delaware County, PA | 49 | $33.1M | 7.1% | |
| 2 | Montgomery County, PA | 45 | $37.0M | 6.5% | |
| 3 | Philadelphia County, PA | 45 | $33.3M | 6.5% | |
| 4 | Chester County, PA | 41 | $28.0M | 6.0% | |
| 5 | Burlington County, NJ | 39 | $41.8M | 5.7% | |
| 6 | Bucks County, PA | 38 | $41.3M | 5.5% | |
| 7 | New Castle County, DE | 37 | $37.7M | 5.4% | |
| 8 | Camden County, NJ | 28 | $29.7M | 4.1% | |
| 9 | Gloucester County, NJ | 20 | $20.6M | 2.9% | |
| 10 | Lehigh County, PA | 15 | $13.3M | 2.2% | |
| 11 | Sussex County, DE | 14 | $9.6M | 2.0% | |
| 12 | Atlantic County, NJ | 13 | $10.3M | 1.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 177 | 25.7% | |
| 2 | Retail Trade | 99 | 14.4% | |
| 3 | Health Care and Social Assistance | 84 | 12.2% | |
| 4 | Other Services (except Public Administration) | 81 | 11.8% | |
| 5 | Arts, Entertainment, and Recreation | 50 | 7.3% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 43 | 6.2% | |
| 7 | Manufacturing | 41 | 6.0% | |
| 8 | Construction | 38 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 164 | 23.8% | |
| 2 | Child Day Care ServicesNAICS 6244 | 40 | 5.8% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 38 | 5.5% | |
| 4 | Beer, Wine, and Liquor StoresNAICS 4453 | 37 | 5.4% | |
| 5 | Personal Care ServicesNAICS 8121 | 33 | 4.8% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 26 | 3.8% | |
| 7 | Grocery StoresNAICS 4451 | 22 | 3.2% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 17 | 2.5% | |
| 9 | Other Personal ServicesNAICS 8129 | 14 | 2.0% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 12 | 1.7% |
Approval sizes
- $50,000 or less3.2%22
- $50,001 to $150,00011.0%76
- $150,001 to $350,00023.4%161
- $350,001 to $1 million34.8%240
- $1 million to $2 million17.4%120
- Over $2 million10.2%70
Loan terms
- 5 years or less0.6%4
- Over 5 to 10 years59.2%408
- Over 10 to 20 years15.8%109
- Over 20 years24.4%168
Age of the businesses
- Existing, more than 2 years old27.4%189
- New business, 2 years or less23.7%163
- Startup, loan funds will open the business36.7%253
- Change of ownership12.2%84
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 547 | 79.4% | |
| 2 | SBA Express Program | 123 | 17.9% | |
| 3 | 7a General | 19 | 2.8% |
Franchise share
166 of 689 approvals in FY2021–FY2025 (24.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Scooter's Coffee | 12 | 1.7% | |
| 2 | The UPS Store | 8 | 1.2% | |
| 3 | Urban Air Adventure Park | 7 | 1.0% | |
| 4 | Santucci's Original Square Pizza | 7 | 1.0% | |
| 5 | PickUp USA | 5 | 0.7% | |
| 6 | American Family Care | 4 | 0.6% | |
| 7 | Ducklings Early Learning Center | 4 | 0.6% | |
| 8 | Capriotti's Sandwich Shop | 4 | 0.6% |
Questions and answers
How many SBA loans does Wilmington Savings Fund Society FSB make?
SBA approved 141 7(a) loans through Wilmington Savings Fund Society FSB in FY2025, worth $117M, and 689 over FY2021 to FY2025. That ranks 52nd of 2,184 active 7(a) lenders by number of approvals.
How large are Wilmington Savings Fund Society FSB's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $500K and the average $846K. The program-wide median was $190K.
What is Wilmington Savings Fund Society FSB's charge-off rate?
Of 1,083 disbursed loans approved in FY2010 to FY2021, SBA records 64 as charged off (5.9%), 821 as paid in full and 198 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Wilmington Savings Fund Society FSB lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (164); child day care services (40); other amusement and recreation industries (38); beer, wine, and liquor stores (37).
Where does Wilmington Savings Fund Society FSB make SBA loans?
In 26 states and territories. Pennsylvania 283, New Jersey 204, Delaware 62, Maryland 40, Virginia 30. In Pennsylvania it accounts for 2.7% of all 7(a) approvals.
Is Wilmington Savings Fund Society FSB's SBA lending rising?
Approvals in the three latest complete fiscal years total 380, against 391 in the three before: broadly level (-3%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error