FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Delaware, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 153 loans in Delaware: 149 under 7(a) and 4 under 504, worth $57.0M.
That is about level with FY2021, when there were 146 approvals worth $66.5M.
Delaware accounted for 0.3% of the 56,932 approvals nationwide that year. 31 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 52.
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 31 lenders with the most approvals to Delaware businesses in FY2022, of 31 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 52 | $7.1M | 34.0% | 47 | +5 |
| 2 | TD Bank, National Association | 7(a) | 29 | $2.8M | 19.0% | 14 | +15 |
| 3 | Newtek Small Business Finance, Inc. | 7(a) | 8 | $5.6M | 5.2% | 4 | +4 |
| 4 | Wells Fargo Bank National Association | 7(a) | 7 | $2.1M | 4.6% | 7 | 0 |
| 5 | The Huntington National Bank | 7(a) | 7 | $1.5M | 4.6% | 1 | +6 |
| 6 | PNC Bank, National Association | 7(a) | 5 | $1.1M | 3.3% | 4 | +1 |
| 7 | BayFirst National Bank | 7(a) | 4 | $2.1M | 2.6% | 0 | new |
| 8 | Celtic Bank Corporation | 7(a) | 4 | $1.6M | 2.6% | 0 | new |
| 9 | Fulton Bank, National Association | 7(a) | 3 | $6.2M | 2.0% | 3 | 0 |
| 10 | Delaware Community Development Corporation | 504 | 3 | $3.0M | 2.0% | 2 | +1 |
| 11 | Live Oak Banking Company | 7(a) | 3 | $2.8M | 2.0% | 2 | +1 |
| 12 | Citizens Bank, National Association | 7(a) | 3 | $2.8M | 2.0% | 0 | new |
| 13 | Wilmington Savings Fund Society FSB | 7(a) | 3 | $1.7M | 2.0% | 18 | -15 |
| 14 | Grow America Fund, Incorporated | 7(a) | 2 | — | 1.3% | 5 | -3 |
| 15 | Meridian Bank | 7(a) | 2 | — | 1.3% | 3 | -1 |
| 16 | True Access Capital Corporation | 7(a) | 2 | — | 1.3% | 3 | -1 |
| 17 | Readycap Lending, LLC | 7(a) | 2 | — | 1.3% | 2 | 0 |
| 18 | First Financial Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 19 | Grasshopper Bank National Association | 7(a) | 1 | — | 0.7% | 0 | new |
| 20 | Colony Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 21 | Beacon Bank and Trust | 7(a) | 1 | — | 0.7% | 5 | -4 |
| 22 | KeyBank National Association | 7(a) | 1 | — | 0.7% | 1 | 0 |
| 23 | Blue Ridge Bank National Association | 7(a) | 1 | — | 0.7% | 0 | new |
| 24 | True Access Capital Corporation | 504 | 1 | — | 0.7% | 2 | -1 |
| 25 | Stearns Bank National Association | 7(a) | 1 | — | 0.7% | 0 | new |
| 26 | First Business Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 27 | Burke & Herbert Bank & Trust Company | 7(a) | 1 | — | 0.7% | 0 | new |
| 28 | Banesco USA | 7(a) | 1 | — | 0.7% | 0 | new |
| 29 | North State Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 30 | United Bank of Philadelphia | 7(a) | 1 | — | 0.7% | 0 | new |
| 31 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.7% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | New Castle County | 80 | $27.3M | 52.3% | 81 | -1 |
| 2 | Sussex County | 45 | $15.7M | 29.4% | 46 | -1 |
| 3 | Kent County | 28 | $14.0M | 18.3% | 19 | +9 |
FY2022 against FY2021
| Delaware | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 149 | 140 |
| 7(a) dollars | $53.6M | $58.5M |
| Median 7(a) approval | $100K | $150K |
| 504 approvals | 4 | 6 |
| 504 dollars | $3.4M | $8.0M |
| Jobs supported, as reported | 1,093 | 1,584 |
Questions and answers
Which lenders made the most SBA loans in Delaware in FY2022?
Manufacturers and Traders Trust Company (52), TD Bank, National Association (29), Newtek Small Business Finance, Inc. (8), Wells Fargo Bank National Association (7), The Huntington National Bank (7). 31 lenders had at least one approval.
How many SBA loans were approved in Delaware in FY2022?
153: 149 under 7(a) worth $53.6M and 4 under 504 worth $3.4M.
Which Delaware counties had the most SBA approvals in FY2022?
New Castle County (80), Sussex County (45), Kent County (28).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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