FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Delaware, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 196 loans in Delaware: 188 under 7(a) and 8 under 504, worth $72.8M.
That is up 10% on FY2017, when there were 178 approvals worth $52.9M.
Delaware accounted for 0.3% of the 66,228 approvals nationwide that year. 35 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 58.
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 35 lenders with the most approvals to Delaware businesses in FY2018, of 35 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 58 | $8.6M | 29.6% | 44 | +14 |
| 2 | TD Bank, National Association | 7(a) | 44 | $4.0M | 22.4% | 38 | +6 |
| 3 | Citizens Bank, National Association | 7(a) | 12 | $1.2M | 6.1% | 12 | 0 |
| 4 | Wells Fargo Bank National Association | 7(a) | 11 | $2.6M | 5.6% | 11 | 0 |
| 5 | Wilmington Savings Fund Society FSB | 7(a) | 10 | $17.4M | 5.1% | 14 | -4 |
| 6 | True Access Capital Corporation | 7(a) | 9 | $1.2M | 4.6% | 6 | +3 |
| 7 | Delaware Community Development Corporation | 504 | 6 | $5.3M | 3.1% | 1 | +5 |
| 8 | Beacon Bank and Trust | 7(a) | 5 | $6.9M | 2.6% | 3 | +2 |
| 9 | Grow America Fund, Incorporated | 7(a) | 4 | $1.4M | 2.0% | 5 | -1 |
| 10 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $3.5M | 1.5% | 0 | new |
| 11 | United Midwest Savings Bank National Association | 7(a) | 3 | $400K | 1.5% | 1 | +2 |
| 12 | Live Oak Banking Company | 7(a) | 2 | — | 1.0% | 5 | -3 |
| 13 | PromiseOne Bank | 7(a) | 2 | — | 1.0% | 1 | +1 |
| 14 | The Huntington National Bank | 7(a) | 2 | — | 1.0% | 0 | new |
| 15 | True Access Capital Corporation | 504 | 2 | — | 1.0% | 1 | +1 |
| 16 | Firstrust Savings Bank | 7(a) | 2 | — | 1.0% | 1 | +1 |
| 17 | Northeast Bank | 7(a) | 2 | — | 1.0% | 1 | +1 |
| 18 | PNC Bank, National Association | 7(a) | 2 | — | 1.0% | 4 | -2 |
| 19 | Fulton Bank, National Association | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 20 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 21 | Santander Bank, National Association | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 22 | First Financial Bank | 7(a) | 1 | — | 0.5% | 9 | -8 |
| 23 | EagleBank | 7(a) | 1 | — | 0.5% | 0 | new |
| 24 | Hyperion Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 25 | Happen Bank | 7(a) | 1 | — | 0.5% | 3 | -2 |
| 26 | Bank of America, National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 27 | Five Star Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 28 | First National Bank of Pennsylvania | 7(a) | 1 | — | 0.5% | 0 | new |
| 29 | Dover FCU | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 30 | FinWise Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 31 | Simmons Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 32 | Celtic Bank Corporation | 7(a) | 1 | — | 0.5% | 3 | -2 |
| 33 | Independence Bank | 7(a) | 1 | — | 0.5% | 2 | -1 |
| 34 | Mid Penn Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 35 | Univest Bank and Trust Co | 7(a) | 1 | — | 0.5% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | New Castle County | 127 | $47.9M | 64.8% | 107 | +20 |
| 2 | Sussex County | 45 | $8.1M | 23.0% | 48 | -3 |
| 3 | Kent County | 24 | $16.8M | 12.2% | 23 | +1 |
FY2018 against FY2017
| Delaware | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 188 | 175 |
| 7(a) dollars | $67.1M | $50.0M |
| Median 7(a) approval | $88K | $90K |
| 504 approvals | 8 | 3 |
| 504 dollars | $5.7M | $2.9M |
| Jobs supported, as reported | 2,163 | 1,346 |
Questions and answers
Which lenders made the most SBA loans in Delaware in FY2018?
Manufacturers and Traders Trust Company (58), TD Bank, National Association (44), Citizens Bank, National Association (12), Wells Fargo Bank National Association (11), Wilmington Savings Fund Society FSB (10). 35 lenders had at least one approval.
How many SBA loans were approved in Delaware in FY2018?
196: 188 under 7(a) worth $67.1M and 8 under 504 worth $5.7M.
Which Delaware counties had the most SBA approvals in FY2018?
New Castle County (127), Sussex County (45), Kent County (24).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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