FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Delaware, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 178 loans in Delaware: 175 under 7(a) and 3 under 504, worth $52.9M.
That is about level with FY2016, when there were 169 approvals worth $69.5M.
Delaware accounted for 0.3% of the 68,648 approvals nationwide that year. 33 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 44.
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 33 lenders with the most approvals to Delaware businesses in FY2017, of 33 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 44 | $4.9M | 24.7% | 59 | -15 |
| 2 | TD Bank, National Association | 7(a) | 38 | $1.7M | 21.3% | 12 | +26 |
| 3 | Wilmington Savings Fund Society FSB | 7(a) | 14 | $5.8M | 7.9% | 17 | -3 |
| 4 | Citizens Bank, National Association | 7(a) | 12 | $2.1M | 6.7% | 4 | +8 |
| 5 | Wells Fargo Bank National Association | 7(a) | 11 | $4.6M | 6.2% | 14 | -3 |
| 6 | First Financial Bank | 7(a) | 9 | $8.4M | 5.1% | 14 | -5 |
| 7 | True Access Capital Corporation | 7(a) | 6 | $774K | 3.4% | 3 | +3 |
| 8 | Live Oak Banking Company | 7(a) | 5 | $7.5M | 2.8% | 12 | -7 |
| 9 | Grow America Fund, Incorporated | 7(a) | 5 | $2.9M | 2.8% | 1 | +4 |
| 10 | PNC Bank, National Association | 7(a) | 4 | $870K | 2.2% | 1 | +3 |
| 11 | Happen Bank | 7(a) | 3 | $1.6M | 1.7% | 0 | new |
| 12 | Beacon Bank and Trust | 7(a) | 3 | $1.3M | 1.7% | 3 | 0 |
| 13 | Celtic Bank Corporation | 7(a) | 3 | $325K | 1.7% | 3 | 0 |
| 14 | Independence Bank | 7(a) | 2 | — | 1.1% | 0 | new |
| 15 | Byline Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 16 | Empire State Certified Development Corporation | 504 | 1 | — | 0.6% | 0 | new |
| 17 | Delaware Community Development Corporation | 504 | 1 | — | 0.6% | 5 | -4 |
| 18 | Readycap Lending, LLC | 7(a) | 1 | — | 0.6% | 0 | new |
| 19 | Fulton Bank, National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 20 | Mid Penn Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 21 | Capital One National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 22 | Dover FCU | 7(a) | 1 | — | 0.6% | 0 | new |
| 23 | Firstrust Savings Bank | 7(a) | 1 | — | 0.6% | 1 | 0 |
| 24 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 25 | True Access Capital Corporation | 504 | 1 | — | 0.6% | 0 | new |
| 26 | Woori America Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 27 | Northeast Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 28 | United Midwest Savings Bank National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 29 | PromiseOne Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 30 | American Spirit FCU | 7(a) | 1 | — | 0.6% | 2 | -1 |
| 31 | Customers Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 32 | KeyBank National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 33 | Santander Bank, National Association | 7(a) | 1 | — | 0.6% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | New Castle County | 107 | $25.8M | 60.1% | 87 | +20 |
| 2 | Sussex County | 48 | $15.2M | 27.0% | 50 | -2 |
| 3 | Kent County | 23 | $12.0M | 12.9% | 32 | -9 |
FY2017 against FY2016
| Delaware | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 175 | 164 |
| 7(a) dollars | $50.0M | $67.0M |
| Median 7(a) approval | $90K | $90K |
| 504 approvals | 3 | 5 |
| 504 dollars | $2.9M | $2.5M |
| Jobs supported, as reported | 1,346 | 1,313 |
Questions and answers
Which lenders made the most SBA loans in Delaware in FY2017?
Manufacturers and Traders Trust Company (44), TD Bank, National Association (38), Wilmington Savings Fund Society FSB (14), Citizens Bank, National Association (12), Wells Fargo Bank National Association (11). 33 lenders had at least one approval.
How many SBA loans were approved in Delaware in FY2017?
178: 175 under 7(a) worth $50.0M and 3 under 504 worth $2.9M.
Which Delaware counties had the most SBA approvals in FY2017?
New Castle County (107), Sussex County (48), Kent County (23).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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