FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Delaware, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 169 loans in Delaware: 164 under 7(a) and 5 under 504, worth $69.5M.
That is down 18% on FY2015, when there were 207 approvals worth $112M.
Delaware accounted for 0.2% of the 70,012 approvals nationwide that year. 29 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 59.
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.
Approvals by lender
The 29 lenders with the most approvals to Delaware businesses in FY2016, of 29 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 59 | $4.9M | 34.9% | 57 | +2 |
| 2 | Wilmington Savings Fund Society FSB | 7(a) | 17 | $5.2M | 10.1% | 28 | -11 |
| 3 | First Financial Bank | 7(a) | 14 | $13.5M | 8.3% | 10 | +4 |
| 4 | Wells Fargo Bank National Association | 7(a) | 14 | $137K | 8.3% | 19 | -5 |
| 5 | Live Oak Banking Company | 7(a) | 12 | $25.0M | 7.1% | 11 | +1 |
| 6 | TD Bank, National Association | 7(a) | 12 | $1.5M | 7.1% | 15 | -3 |
| 7 | Delaware Community Development Corporation | 504 | 5 | $2.5M | 3.0% | 5 | 0 |
| 8 | Citizens Bank, National Association | 7(a) | 4 | $363K | 2.4% | 12 | -8 |
| 9 | Beacon Bank and Trust | 7(a) | 3 | $1.7M | 1.8% | 0 | new |
| 10 | Celtic Bank Corporation | 7(a) | 3 | $450K | 1.8% | 0 | new |
| 11 | True Access Capital Corporation | 7(a) | 3 | $347K | 1.8% | 7 | -4 |
| 12 | Stearns Bank National Association | 7(a) | 2 | — | 1.2% | 2 | 0 |
| 13 | BayFirst National Bank | 7(a) | 2 | — | 1.2% | 0 | new |
| 14 | American Spirit FCU | 7(a) | 2 | — | 1.2% | 1 | +1 |
| 15 | First National Bank of Pennsylvania | 7(a) | 2 | — | 1.2% | 0 | new |
| 16 | Community Bank Delaware | 7(a) | 2 | — | 1.2% | 0 | new |
| 17 | EagleBank | 7(a) | 1 | — | 0.6% | 0 | new |
| 18 | Cache Valley Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 19 | Bank of America, National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 20 | The Huntington National Bank | 7(a) | 1 | — | 0.6% | 1 | 0 |
| 21 | Firstrust Savings Bank | 7(a) | 1 | — | 0.6% | 1 | 0 |
| 22 | Evolve Bank and Trust | 7(a) | 1 | — | 0.6% | 0 | new |
| 23 | Shore United Bank, National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 24 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 0.6% | 5 | -4 |
| 25 | County Bank | 7(a) | 1 | — | 0.6% | 2 | -1 |
| 26 | Grow America Fund, Incorporated | 7(a) | 1 | — | 0.6% | 0 | new |
| 27 | Citizens Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 28 | HSBC Bank USA National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 29 | PNC Bank, National Association | 7(a) | 1 | — | 0.6% | 4 | -3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | New Castle County | 87 | $26.3M | 51.5% | 117 | -30 |
| 2 | Sussex County | 50 | $25.7M | 29.6% | 47 | +3 |
| 3 | Kent County | 32 | $17.5M | 18.9% | 43 | -11 |
FY2016 against FY2015
| Delaware | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 164 | 202 |
| 7(a) dollars | $67.0M | $105M |
| Median 7(a) approval | $90K | $150K |
| 504 approvals | 5 | 5 |
| 504 dollars | $2.5M | $6.4M |
| Jobs supported, as reported | 1,313 | 1,968 |
Questions and answers
Which lenders made the most SBA loans in Delaware in FY2016?
Manufacturers and Traders Trust Company (59), Wilmington Savings Fund Society FSB (17), First Financial Bank (14), Wells Fargo Bank National Association (14), Live Oak Banking Company (12). 29 lenders had at least one approval.
How many SBA loans were approved in Delaware in FY2016?
169: 164 under 7(a) worth $67.0M and 5 under 504 worth $2.5M.
Which Delaware counties had the most SBA approvals in FY2016?
New Castle County (87), Sussex County (50), Kent County (32).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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