Top Delaware SBA Lenders | SBA Loans in DE

Last annual update: Mar 2, 2024

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Quite a few Delaware-based banks were among the largest lenders to “The First State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Delaware:

Top SBA lenders in Delaware

State RankBankBank HQs # of LoansAvg Interest Avg Loan
1M&TBuffalo, NY 2612.3% $76,462
2TD BankWilmington, DE 2112.6% $63,595
3United Midwest Savings BankDe Graff, OH 1010.5% $390,000
4Wilmington Savings Fund SocietyWilmington, DE 810.3% $730,125
5PNC BankWilmington, DE 711.3% $90,457
6Northeast BankLewiston, ME 611.0% $87,283

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Top industries receiving SBA loans in Delaware

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Landscaping Services911.7% $169,889
2Full-Service Restaurants711.0% $261,857

SBA loans – Delaware

A note about these Delaware SBA lenders – People frequently ask us if one of the banks above is 1) on the Delaware preferred lender list 2) an approved lender in Delaware, or 3) participating in the Delaware SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Delaware and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Delaware. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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