FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Delaware, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 249 loans in Delaware: 244 under 7(a) and 5 under 504, worth $91.6M.
That is up 24% on FY2023, when there were 201 approvals worth $81.0M.
Delaware accounted for 0.3% of the 76,235 approvals nationwide that year. 45 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 64.
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 FY2024, of 45 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 64 | $6.4M | 25.7% | 49 | +15 |
| 2 | TD Bank, National Association | 7(a) | 43 | $3.2M | 17.3% | 32 | +11 |
| 3 | The Huntington National Bank | 7(a) | 16 | $7.4M | 6.4% | 7 | +9 |
| 4 | PNC Bank, National Association | 7(a) | 11 | $2.2M | 4.4% | 11 | 0 |
| 5 | Northeast Bank | 7(a) | 11 | $994K | 4.4% | 8 | +3 |
| 6 | BayFirst National Bank | 7(a) | 9 | $1.3M | 3.6% | 6 | +3 |
| 7 | Newtek Bank, National Association | 7(a) | 8 | $11.4M | 3.2% | 5 | +3 |
| 8 | Wilmington Savings Fund Society FSB | 7(a) | 7 | $5.3M | 2.8% | 14 | -7 |
| 9 | Meridian Bank | 7(a) | 7 | $3.7M | 2.8% | 0 | new |
| 10 | Readycap Lending, LLC | 7(a) | 7 | $2.2M | 2.8% | 3 | +4 |
| 11 | Fulton Bank, National Association | 7(a) | 5 | $3.9M | 2.0% | 4 | +1 |
| 12 | Wells Fargo Bank National Association | 7(a) | 5 | $1.4M | 2.0% | 3 | +2 |
| 13 | Univest Bank and Trust Co | 7(a) | 4 | $5.9M | 1.6% | 0 | new |
| 14 | Grow America Fund, Incorporated | 7(a) | 4 | $1.7M | 1.6% | 6 | -2 |
| 15 | Delaware Community Development Corporation | 504 | 3 | $2.4M | 1.2% | 1 | +2 |
| 16 | Live Oak Banking Company | 7(a) | 3 | $1.8M | 1.2% | 4 | -1 |
| 17 | Celtic Bank Corporation | 7(a) | 3 | $434K | 1.2% | 2 | +1 |
| 18 | First Bank of the Lake | 7(a) | 3 | $397K | 1.2% | 0 | new |
| 19 | JPMorgan Chase Bank, National Association | 7(a) | 3 | $310K | 1.2% | 1 | +2 |
| 20 | Lendistry SBLC, LLC | 7(a) | 3 | $289K | 1.2% | 0 | new |
| 21 | First Internet Bank of Indiana | 7(a) | 2 | — | 0.8% | 0 | new |
| 22 | Quaint Oak Bank | 7(a) | 2 | — | 0.8% | 0 | new |
| 23 | Byline Bank | 7(a) | 2 | — | 0.8% | 0 | new |
| 24 | True Access Capital Corporation | 7(a) | 2 | — | 0.8% | 1 | +1 |
| 25 | First Financial Bank | 7(a) | 2 | — | 0.8% | 3 | -1 |
| 26 | Pathward National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 27 | True Access Capital Corporation | 504 | 1 | — | 0.4% | 3 | -2 |
| 28 | Everwise Credit Union | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 29 | FWBank | 7(a) | 1 | — | 0.4% | 0 | new |
| 30 | Community Bank Delaware | 7(a) | 1 | — | 0.4% | 0 | new |
| 31 | First Bank of Central Ohio | 7(a) | 1 | — | 0.4% | 0 | new |
| 32 | Harvest Small Business Finance, LLC | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 33 | South Eastern Economic Development Company of Pennsylvania | 504 | 1 | — | 0.4% | 1 | 0 |
| 34 | Hanover Community Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 35 | TowneBank | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 36 | Ponce Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 37 | First Resource Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 38 | VelocitySBA, LLC | 7(a) | 1 | — | 0.4% | 0 | new |
| 39 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 40 | Five Star Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | New Castle County | 159 | $67.4M | 63.9% | 122 | +37 |
| 2 | Sussex County | 52 | $12.9M | 20.9% | 36 | +16 |
| 3 | Kent County | 38 | $11.4M | 15.3% | 43 | -5 |
FY2024 against FY2023
| Delaware | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 244 | 196 |
| 7(a) dollars | $84.6M | $75.0M |
| Median 7(a) approval | $100K | $128K |
| 504 approvals | 5 | 5 |
| 504 dollars | $7.0M | $6.0M |
| Jobs supported, as reported | 1,835 | 2,133 |
Questions and answers
Which lenders made the most SBA loans in Delaware in FY2024?
Manufacturers and Traders Trust Company (64), TD Bank, National Association (43), The Huntington National Bank (16), PNC Bank, National Association (11), Northeast Bank (11). 45 lenders had at least one approval.
How many SBA loans were approved in Delaware in FY2024?
249: 244 under 7(a) worth $84.6M and 5 under 504 worth $7.0M.
Which Delaware counties had the most SBA approvals in FY2024?
New Castle County (159), Sussex County (52), Kent County (38).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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