SBA Ledger

States › Delaware › FY2025

FY20251 Oct 2024 – 30 Sep 2025

SBA loans in Delaware, FY2025

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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 282 loans in Delaware: 275 under 7(a) and 7 under 504, worth $96.9M.

That is up 13% on FY2024, when there were 249 approvals worth $91.6M.

Delaware accounted for 0.3% of the 84,840 approvals nationwide that year. 45 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 112.

282approvalsFY2024: 249
$96.9Mdollars approvedFY2024: $91.6M
$100Kmedian 7(a) approvalFY2024: $100K
45lenders with an approval
1,848jobs 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 FY2025, of 45 active.

#LenderProgramApprovalsDollarsShare of stateFY2024Change
1Manufacturers and Traders Trust Company7(a)112$8.2M39.7%64+48
2Northeast Bank7(a)27$5.4M9.6%11+16
3Wilmington Savings Fund Society FSB7(a)20$19.6M7.1%7+13
4Newtek Bank, National Association7(a)16$6.0M5.7%8+8
5The Huntington National Bank7(a)13$3.3M4.6%16-3
6TD Bank, National Association7(a)10$630K3.5%43-33
7BayFirst National Bank7(a)8$1.8M2.8%9-1
8PNC Bank, National Association7(a)7$1.0M2.5%11-4
9Fulton Bank, National Association7(a)5$4.9M1.8%50
10Readycap Lending, LLC7(a)5$575K1.8%7-2
11Wells Fargo Bank National Association7(a)5$105K1.8%50
12Beacon Bank and Trust7(a)4$6.6M1.4%0new
13Live Oak Banking Company7(a)4$5.6M1.4%3+1
14Delaware Community Development Corporation5044$2.7M1.4%3+1
15Lendistry SBLC, LLC7(a)3$744K1.1%30
16Truliant FCU7(a)2—0.7%0new
17Bank of America, National Association7(a)2—0.7%0new
18Meridian Bank7(a)2—0.7%7-5
19True Access Capital Corporation5042—0.7%1+1
20Grow America Fund, Incorporated7(a)2—0.7%4-2
21United Midwest Savings Bank National Association7(a)2—0.7%1+1
22Falcon National Bank7(a)2—0.7%0new
23Univest Bank and Trust Co7(a)2—0.7%4-2
24Celtic Bank Corporation7(a)2—0.7%3-1
25Firstrust Savings Bank7(a)1—0.4%0new
26Grasshopper Bank National Association7(a)1—0.4%0new
27Pathward National Association7(a)1—0.4%10
28First Merchants Bank7(a)1—0.4%0new
29FWBank7(a)1—0.4%10
30Business Finance Group, Inc.5041—0.4%0new
31Centier Bank7(a)1—0.4%0new
32Bankwell Bank7(a)1—0.4%0new
33Webster Bank National Association7(a)1—0.4%0new
34St. Charles Bank & Trust Company, National Association7(a)1—0.4%0new
35ConnectOne Bank7(a)1—0.4%0new
36First Commonwealth Bank7(a)1—0.4%0new
37Woori America Bank7(a)1—0.4%0new
38First Bank of the Lake7(a)1—0.4%3-2
39Stearns Bank National Association7(a)1—0.4%10
40Bank Five Nine7(a)1—0.4%0new

Approvals by county

#CountyApprovalsDollarsShare of stateFY2024Change
1New Castle County156$62.7M55.3%159-3
2Sussex County76$26.4M27.0%52+24
3Kent County50$7.8M17.7%38+12

FY2025 against FY2024

DelawareFY2025FY2024
7(a) approvals275244
7(a) dollars$92.1M$84.6M
Median 7(a) approval$100K$100K
504 approvals75
504 dollars$4.8M$7.0M
Jobs supported, as reported1,8481,835

Questions and answers

Which lenders made the most SBA loans in Delaware in FY2025?

Manufacturers and Traders Trust Company (112), Northeast Bank (27), Wilmington Savings Fund Society FSB (20), Newtek Bank, National Association (16), The Huntington National Bank (13). 45 lenders had at least one approval.

How many SBA loans were approved in Delaware in FY2025?

282: 275 under 7(a) worth $92.1M and 7 under 504 worth $4.8M.

Which Delaware counties had the most SBA approvals in FY2025?

New Castle County (156), Sussex County (76), Kent County (50).

When does FY2025 start and end?

The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.

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