States › Delaware
State0.3% of US approvals85 lenders active
SBA loans in Delaware
7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.
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 1,031 small business loans in Delaware in FY2021 to FY2025: 1,004 under the 7(a) program and 27 under 504, worth $393M together.
That is 34.7 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.3% of all approvals in the country (45th of 54 states and territories).
In FY2025 there were 282 approvals totalling $96.9M, up 13% on FY2024. The median 7(a) approval over the five years was $100K and the median 504 approval $861K.
85 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Manufacturers and Traders Trust Company (324), TD Bank, National Association (128) and Wilmington Savings Fund Society FSB (62).
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 7.1% as charged off, against 6.6% nationally.
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.
Most active 7(a) lenders in Delaware
Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.
| # | Lender | Approvals in DE, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 324 | $37.3M | 32.3% | $50K | 8.0% | |
| 2 | TD Bank, National AssociationWilmington, DE | 128 | $10.7M | 12.7% | $50K | 14.4% | |
| 3 | Wilmington Savings Fund Society FSBWilmington, DE | 62 | $52.0M | 6.2% | $500K | 5.9% | |
| 4 | Northeast BankLewiston, ME | 46 | $7.1M | 4.6% | $106K | 12.8% | |
| 5 | The Huntington National BankColumbus, OH | 44 | $14.1M | 4.4% | $92K | 5.7% | |
| 6 | PNC Bank, National AssociationWilmington, DE | 38 | $5.8M | 3.8% | $50K | 8.1% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 29 | $18.3M | 2.9% | $225K | — | |
| 8 | BayFirst National BankSaint Petersburg, FL | 27 | $6.1M | 2.7% | $150K | 19.2% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 27 | $4.8M | 2.7% | $15K | 7.9% | |
| 10 | Fulton Bank, National AssociationLancaster, PA | 20 | $22.1M | 2.0% | $465K | 6.5% | |
| 11 | Grow America Fund, IncorporatedNew York, NY | 19 | $14.5M | 1.9% | $325K | 6.0% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 19 | $4.8M | 1.9% | $138K | 4.3% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 16 | $15.0M | 1.6% | $850K | 2.2% | |
| 14 | Beacon Bank and TrustBrookline, MA | 14 | $13.3M | 1.4% | $630K | 4.6% | |
| 15 | Meridian BankMalvern, PA | 14 | $12.0M | 1.4% | $525K | 2.8% | |
| 16 | Newtek Small Business Finance, Inc.Lake Success, NY | 12 | $8.5M | 1.2% | $300K | 6.8% | |
| 17 | Celtic Bank CorporationSalt Lake City, UT | 11 | $3.6M | 1.1% | $150K | 17.0% | |
| 18 | United Midwest Savings Bank National AssociationDe Graff, OH | 11 | $3.2M | 1.1% | $150K | 15.9% | |
| 19 | True Access Capital CorporationWilmington, DE | 9 | $1.5M | 0.9% | $123K | 12.7% | |
| 20 | Univest Bank and Trust CoSouderton, PA | 7 | $6.7M | 0.7% | $350K | 6.7% | |
| 21 | First Financial BankEl Dorado, AR | 6 | $7.2M | 0.6% | $925K | 4.3% | |
| 22 | JPMorgan Chase Bank, National AssociationColumbus, OH | 6 | $1.1M | 0.6% | $200K | 7.4% | |
| 23 | Lendistry SBLC, LLCLos Angeles, CA | 6 | $1.0M | 0.6% | $150K | 22.7% | |
| 24 | Pathward National AssociationSioux Falls, SD | 4 | $6.8M | 0.4% | $815K | 5.1% | |
| 25 | Five Star BankRancho Cordova, CA | 4 | $800K | 0.4% | $310K | 9.7% | |
| 26 | First Bank of the LakeOsage Beach, MO | 4 | $673K | 0.4% | $350K | 2.7% | |
| 27 | KeyBank National AssociationCleveland, OH | 4 | $555K | 0.4% | $75K | 4.3% | |
| 28 | Firstrust Savings BankConshohocken, PA | 3 | $8.5M | 0.3% | $823K | 1.3% | |
| 29 | Bank of America, National AssociationCharlotte, NC | 3 | $3.8M | 0.3% | $300K | 2.6% | |
| 30 | ConnectOne BankEnglewood Cliffs, NJ | 3 | $3.1M | 0.3% | $577K | 0.0% | |
| 31 | HomeTrust BankAsheville, NC | 3 | $3.1M | 0.3% | $817K | 2.8% | |
| 32 | Citizens Bank, National AssociationProvidence, RI | 3 | $2.8M | 0.3% | $350K | 4.0% | |
| 33 | TowneBankPortsmouth, VA | 3 | $2.6M | 0.3% | $638K | 3.3% | |
| 34 | Colony BankFitzgerald, GA | 3 | $2.0M | 0.3% | $150K | 7.0% | |
| 35 | First National Bank of PennsylvaniaGreenville, PA | 3 | $1.7M | 0.3% | $621K | 9.2% | |
| 36 | Falcon National BankFoley, MN | 3 | $1.1M | 0.3% | $400K | 2.1% | |
| 37 | Stearns Bank National AssociationSaint Cloud, MN | 3 | $609K | 0.3% | $266K | 9.9% | |
| 38 | The Bancorp Bank National AssociationSioux Falls, SD | 3 | $598K | 0.3% | $589K | 6.7% | |
| 39 | Hanover Community BankMineola, NY | 2 | — | 0.2% | $563K | 2.7% | |
| 40 | Grasshopper Bank National AssociationNew York, NY | 2 | — | 0.2% | $500K | — |
504 certified development companies
| # | Lender | Approvals in DE, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Delaware Community Development CorporationWilmington, DE · 504 CDC | 13 | $10.1M | 48.1% | $861K | 0.0% | |
| 2 | True Access Capital CorporationWilmington, DE · 504 CDC | 9 | $10.9M | 33.3% | $835K | — | |
| 3 | South Eastern Economic Development Company of PennsylvaniaExton, PA · 504 CDC | 3 | $6.8M | 11.1% | $642K | 3.3% | |
| 4 | Chesapeake Business Finance CorporationBethesda, MD · 504 CDC | 1 | — | 3.7% | $926K | 4.8% | |
| 5 | Business Finance Group, Inc.Fairfax, VA · 504 CDC | 1 | — | 3.7% | $584K | 0.9% |
Fiscal-year ledger
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 157 | $61.7M | $150K | 2 | — | 159 | 1,202 |
| FY2025 | 275 | $92.1M | $100K | 7 | $4.8M | 282 | 1,848 |
| FY2024 | 244 | $84.6M | $100K | 5 | $7.0M | 249 | 1,835 |
| FY2023 | 196 | $75.0M | $128K | 5 | $6.0M | 201 | 2,133 |
| FY2022 | 149 | $53.6M | $100K | 4 | $3.4M | 153 | 1,093 |
| FY2021 | 140 | $58.5M | $150K | 6 | $8.0M | 146 | 1,584 |
| FY2020 | 125 | $61.0M | $110K | 7 | $2.8M | 132 | 1,531 |
| FY2019 | 158 | $42.1M | $88K | 4 | $3.1M | 162 | 1,313 |
| FY2018 | 188 | $67.1M | $88K | 8 | $5.7M | 196 | 2,163 |
| FY2017 | 175 | $50.0M | $90K | 3 | $2.9M | 178 | 1,346 |
| FY2016 | 164 | $67.0M | $90K | 5 | $2.5M | 169 | 1,313 |
7(a) approvals504 approvals
Counties
Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.
| # | County | Approvals | Dollars | Establishments | Per 1,000 establishments | By fiscal year |
|---|---|---|---|---|---|---|
| 1 | New Castle County | 598 | $260M | 17,855 | 33.5 | |
| 2 | Sussex County | 255 | $80.4M | 6,411 | 39.8 | |
| 3 | Kent County | 178 | $52.7M | 4,971 | 35.8 |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 87 | $41.2M | 8.4% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 53 | $13.1M | 5.1% | |
| 3 | Residential Building ConstructionNAICS 2361 | 39 | $7.6M | 3.8% | |
| 4 | Personal Care ServicesNAICS 8121 | 39 | $5.6M | 3.8% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 36 | $16.6M | 3.5% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 35 | $16.3M | 3.4% | |
| 7 | General Freight TruckingNAICS 4841 | 33 | $2.3M | 3.2% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 27 | $3.8M | 2.6% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 24 | $15.8M | 2.3% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 24 | $6.4M | 2.3% | |
| 11 | Other Amusement and Recreation IndustriesNAICS 7139 | 23 | $11.0M | 2.2% | |
| 12 | Building Finishing ContractorsNAICS 2383 | 21 | $3.8M | 2.0% | |
| 13 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 20 | $5.6M | 1.9% | |
| 14 | Child Day Care ServicesNAICS 6244 | 18 | $8.6M | 1.7% | |
| 15 | Computer Systems Design and Related ServicesNAICS 5415 | 18 | $4.6M | 1.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 136 | 13.2% | |
| 2 | Construction | 133 | 12.9% | |
| 3 | Professional, Scientific, and Technical Services | 127 | 12.3% | |
| 4 | Other Services (except Public Administration) | 107 | 10.4% | |
| 5 | Accommodation and Food Services | 98 | 9.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 78 | 7.6% | |
| 7 | Health Care and Social Assistance | 71 | 6.9% | |
| 8 | Transportation and Warehousing | 62 | 6.0% | |
| 9 | Manufacturing | 43 | 4.2% | |
| 10 | Wholesale Trade | 38 | 3.7% |
Franchise brands
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | All Dry | 4 | 0.4% | |
| 2 | RestoPros | 3 | 0.3% | |
| 3 | Mosquito Shield | 3 | 0.3% | |
| 4 | Urban Air Adventure Park | 2 | 0.2% | |
| 5 | Units | 2 | 0.2% | |
| 6 | The Learning Experience | 2 | 0.2% | |
| 7 | RhinoShield | 2 | 0.2% | |
| 8 | Club Pilates | 2 | 0.2% | |
| 9 | Crumbl | 2 | 0.2% | |
| 10 | AlphaGraphics | 2 | 0.2% |
How earlier loans turned out
| Loans approved FY2010–FY2021 | DE 7(a) | US 7(a) | DE 504 | US 504 |
|---|---|---|---|---|
| Approvals in these years | 1,736 | 639,905 | 84 | 85,591 |
| Cancelled or never disbursed | 207 | 79,313 | 12 | 12,514 |
| Disbursed loans | 1,529 | 560,592 | 72 | 73,077 |
| Paid in full | 1,153 | 435,813 | 31 | 35,491 |
| Charged off | 109 | 36,891 | 1 | 905 |
| Still outstanding (status exempt from disclosure) | 267 | 87,888 | 40 | 36,681 |
| Charged off, share of disbursed loans | 7.1% | 6.6% | 1.4% | 1.2% |
| Dollars charged off, share of disbursed dollars | 2.1% | 2.5% | 4.6% | 0.9% |
| Dollars charged off | $11.7M | $5.70bn | $2.7M | $499M |
Approval sizes
- $50,000 or less38.0%392
- $50,001 to $150,00021.4%221
- $150,001 to $350,00015.6%161
- $350,001 to $1 million14.9%154
- $1 million to $2 million6.4%66
- Over $2 million3.6%37
Age of the businesses
- Existing, more than 2 years old54.6%563
- New business, 2 years or less21.4%221
- Startup, loan funds will open the business16.7%172
- Change of ownership7.3%75
Against the country
| FY2021–FY2025 | Delaware | United States |
|---|---|---|
| Approvals per 1,000 establishments | 34.7 | 41.0 |
| Median 7(a) approval | $100K | $190K |
| Median 504 approval | $861K | $657K |
| 504 share of approvals | 2.6% | 11.0% |
| Jobs supported per approval, as reported | 8.2 | 10.5 |
| Approvals, change on FY2016–FY2020 | 23% | 10% |
Questions and answers
Which lenders make the most SBA loans in Delaware?
By 7(a) approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (324), TD Bank, National Association (128), Wilmington Savings Fund Society FSB (62), Northeast Bank (46), The Huntington National Bank (44). For 504 loans: Delaware Community Development Corporation (13), True Access Capital Corporation (9), South Eastern Economic Development Company of Pennsylvania (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Delaware?
The median 7(a) approval was $100K and the median 504 approval $861K; the average across both programs was $381K.
Which industries get the most SBA loans in Delaware?
Restaurants and Other Eating Places (87); Services to Buildings and Dwellings (53); Residential Building Construction (39); Personal Care Services (39); Automotive Repair and Maintenance (36).
Which Delaware counties receive the most SBA loans?
New Castle County (598), Sussex County (255), Kent County (178), by approvals in FY2021 to FY2025.
Is SBA lending in Delaware rising?
Approvals in the three latest complete fiscal years total 732, against 431 in the three before: rising (+70%).
What share of SBA loans in Delaware are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 7.1% are recorded as charged off (national: 6.6%); for 504 loans the figure is 1.4% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.
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