SBA Ledger

States › Delaware › FY2020

FY20201 Oct 2019 – 30 Sep 2020

SBA loans in Delaware, FY2020

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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 132 loans in Delaware: 125 under 7(a) and 7 under 504, worth $63.8M.

That is down 19% on FY2019, when there were 162 approvals worth $45.2M.

Delaware accounted for 0.3% of the 49,417 approvals nationwide that year. 25 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 45.

132approvalsFY2019: 162
$63.8Mdollars approvedFY2019: $45.2M
$110Kmedian 7(a) approvalFY2019: $88K
25lenders with an approval
1,531jobs supported, as reported

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 25 lenders with the most approvals to Delaware businesses in FY2020, of 25 active.

#LenderProgramApprovalsDollarsShare of stateFY2019Change
1Manufacturers and Traders Trust Company7(a)45$7.6M34.1%50-5
2Wells Fargo Bank National Association7(a)12$608K9.1%6+6
3TD Bank, National Association7(a)11$3.1M8.3%41-30
4Wilmington Savings Fund Society FSB7(a)9$5.2M6.8%4+5
5Fulton Bank, National Association7(a)7$4.6M5.3%2+5
6Delaware Community Development Corporation5047$2.8M5.3%3+4
7Live Oak Banking Company7(a)6$5.9M4.5%1+5
8Beacon Bank and Trust7(a)5$10.8M3.8%3+2
9First Financial Bank7(a)4$2.4M3.0%40
10PNC Bank, National Association7(a)4$425K3.0%3+1
11PromiseOne Bank7(a)3$1.0M2.3%1+2
12Celtic Bank Corporation7(a)2—1.5%0new
13FinWise Bank7(a)2—1.5%0new
14Grow America Fund, Incorporated7(a)2—1.5%4-2
15United Community Bank7(a)2—1.5%1+1
16True Access Capital Corporation7(a)2—1.5%7-5
1722nd State Bank, A Division of 22nd State Banking Company7(a)1—0.8%0new
18Newtek Small Business Finance, Inc.7(a)1—0.8%10
19Readycap Lending, LLC7(a)1—0.8%0new
20Happen Bank7(a)1—0.8%0new
21KeyBank National Association7(a)1—0.8%2-1
22The Huntington National Bank7(a)1—0.8%3-2
23United Midwest Savings Bank National Association7(a)1—0.8%10
24Community First Capital Corp7(a)1—0.8%0new
25Stearns Bank National Association7(a)1—0.8%3-2

Approvals by county

#CountyApprovalsDollarsShare of stateFY2019Change
1New Castle County75$39.8M56.8%90-15
2Sussex County40$15.6M30.3%45-5
3Kent County17$8.4M12.9%27-10

FY2020 against FY2019

DelawareFY2020FY2019
7(a) approvals125158
7(a) dollars$61.0M$42.1M
Median 7(a) approval$110K$88K
504 approvals74
504 dollars$2.8M$3.1M
Jobs supported, as reported1,5311,313

Questions and answers

Which lenders made the most SBA loans in Delaware in FY2020?

Manufacturers and Traders Trust Company (45), Wells Fargo Bank National Association (12), TD Bank, National Association (11), Wilmington Savings Fund Society FSB (9), Fulton Bank, National Association (7). 25 lenders had at least one approval.

How many SBA loans were approved in Delaware in FY2020?

132: 125 under 7(a) worth $61.0M and 7 under 504 worth $2.8M.

Which Delaware counties had the most SBA approvals in FY2020?

New Castle County (75), Sussex County (40), Kent County (17).

When does FY2020 start and end?

The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.

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