SBA Ledger

States › Delaware › FY2023

FY20231 Oct 2022 – 30 Sep 2023

SBA loans in Delaware, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 201 loans in Delaware: 196 under 7(a) and 5 under 504, worth $81.0M.

That is up 31% on FY2022, when there were 153 approvals worth $57.0M.

Delaware accounted for 0.3% of the 63,286 approvals nationwide that year. 44 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 49.

201approvalsFY2022: 153
$81.0Mdollars approvedFY2022: $57.0M
$128Kmedian 7(a) approvalFY2022: $100K
44lenders with an approval
2,133jobs 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 40 lenders with the most approvals to Delaware businesses in FY2023, of 44 active.

#LenderProgramApprovalsDollarsShare of stateFY2022Change
1Manufacturers and Traders Trust Company7(a)49$9.7M24.4%52-3
2TD Bank, National Association7(a)32$2.1M15.9%29+3
3Wilmington Savings Fund Society FSB7(a)14$12.8M7.0%3+11
4PNC Bank, National Association7(a)11$798K5.5%5+6
5Northeast Bank7(a)8$686K4.0%0new
6The Huntington National Bank7(a)7$1.8M3.5%70
7Grow America Fund, Incorporated7(a)6$4.3M3.0%2+4
8BayFirst National Bank7(a)6$860K3.0%4+2
9United Midwest Savings Bank National Association7(a)5$1.9M2.5%0new
10Newtek Bank, National Association7(a)5$915K2.5%0new
11Fulton Bank, National Association7(a)4$4.4M2.0%3+1
12Live Oak Banking Company7(a)4$4.1M2.0%3+1
13Beacon Bank and Trust7(a)4$2.2M2.0%1+3
14True Access Capital Corporation5043$3.4M1.5%1+2
15First Financial Bank7(a)3$2.2M1.5%1+2
16Readycap Lending, LLC7(a)3$728K1.5%2+1
17Wells Fargo Bank National Association7(a)3$50K1.5%7-4
18Firstrust Savings Bank7(a)2—1.0%0new
19ConnectOne Bank7(a)2—1.0%0new
20TowneBank7(a)2—1.0%0new
21Celtic Bank Corporation7(a)2—1.0%4-2
22First National Bank of Pennsylvania7(a)2—1.0%0new
23FinWise Bank7(a)2—1.0%0new
24CIBC Bank USA7(a)2—1.0%0new
25Hanover Community Bank7(a)1—0.5%0new
26South Eastern Economic Development Company of Pennsylvania5041—0.5%0new
27Everwise Credit Union7(a)1—0.5%0new
28Delaware Community Development Corporation5041—0.5%3-2
29HomeTrust Bank7(a)1—0.5%0new
30Applied Bank7(a)1—0.5%0new
31Falcon National Bank7(a)1—0.5%0new
32Centerstone SBA Lending, Inc.7(a)1—0.5%0new
33Woori America Bank7(a)1—0.5%0new
34Unity Bank7(a)1—0.5%0new
35JPMorgan Chase Bank, National Association7(a)1—0.5%0new
36Five Star Bank7(a)1—0.5%0new
37Bank of America, National Association7(a)1—0.5%0new
38Harvest Small Business Finance, LLC7(a)1—0.5%0new
39Connecticut Community Bank, National Association7(a)1—0.5%0new
40Heritage Bank Inc7(a)1—0.5%0new

Approvals by county

#CountyApprovalsDollarsShare of stateFY2022Change
1New Castle County122$52.4M60.7%80+42
2Kent County43$16.2M21.4%28+15
3Sussex County36$12.4M17.9%45-9

FY2023 against FY2022

DelawareFY2023FY2022
7(a) approvals196149
7(a) dollars$75.0M$53.6M
Median 7(a) approval$128K$100K
504 approvals54
504 dollars$6.0M$3.4M
Jobs supported, as reported2,1331,093

Questions and answers

Which lenders made the most SBA loans in Delaware in FY2023?

Manufacturers and Traders Trust Company (49), TD Bank, National Association (32), Wilmington Savings Fund Society FSB (14), PNC Bank, National Association (11), Northeast Bank (8). 44 lenders had at least one approval.

How many SBA loans were approved in Delaware in FY2023?

201: 196 under 7(a) worth $75.0M and 5 under 504 worth $6.0M.

Which Delaware counties had the most SBA approvals in FY2023?

New Castle County (122), Kent County (43), Sussex County (36).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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