Last annual update:
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 | 59 | $145,778 | 8.9% |
| 2 | TD Bank | Wilmington, DE | 43 | $88,079 | 10.0% |
| 3 | First State Community Loan Fund | Wilmington, DE | 11 | $122,682 | 9.0% |
| 4 | Wells Fargo | Sioux Falls, SD | 11 | $65,809 | 10.0% |
| 5 | Citizens Bank | Providence, RI | 8 | $103,875 | 7.3% |
| 6 | Grow America Fund | New York, NY | 5 | $484,000 | 5.8% |
| 7 | Wilmington Savings Fund Society | Wilmington, DE | 5 | $1,292,400 | 6.7% |
| 8 | First Financial Bank | El Dorado, AR | 3 | $2,252,000 | 7.2% |
| 9 | Independence Bank | East Greenwich, RI | 3 | $125,000 | 5.8% |
| 10 | Newtek Small Business | Lake Success, NY | 3 | $406,667 | 7.8% |