Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
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:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | M&T | Buffalo, NY | 48 | $75,717 | 9.4% |
| 2 | TD Bank | Wilmington, DE | 35 | $95,734 | 10.5% |
| 3 | Wells Fargo | Sioux Falls, SD | 10 | $60,310 | 9.9% |
| 4 | First State Community Loan Fund | Wilmington, DE | 7 | $168,571 | 9.3% |
| 5 | Wilmington Savings Fund Society | Wilmington, DE | 5 | $739,000 | 7.1% |
| 6 | Grow America Fund | New York, NY | 4 | $1,156,250 | 5.4% |
| 7 | Berkshire Bank | Pittsfield, MA | 4 | $1,153,125 | 7.9% |