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 10 SBA Lenders in Delaware:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | M&T | Buffalo, NY | 50 | $114,342 | 8.2% |
| 2 | TD Bank | Wilmington, DE | 45 | $46,169 | 9.3% |
| 3 | Citizens Bank | Providence, RI | 13 | $168,008 | 5.0% |
| 4 | Wilmington Savings Fund Society | Wilmington, DE | 11 | $866,055 | 6.4% |
| 5 | Wells Fargo | Sioux Falls, SD | 10 | $653,940 | 7.3% |
| 6 | First Financial Bank | El Dorado, AR | 9 | $932,778 | 7.2% |
| 7 | Berkshire Bank | Pittsfield, MA | 6 | $1,179,167 | 6.5% |
| 8 | First State Community Loan Fund | Wilmington, DE | 5 | $134,800 | 7.9% |
| 9 | Grow America Fund | New York, NY | 5 | $570,000 | 4.3% |
| 10 | Live Oak | Wilmington, NC | 5 | $1,107,000 | 6.1% |