Best SBA lenders
Best SBA lenders in Delaware
The most active SBA lenders in Delaware, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. Manufacturers and Traders Trust Company leads with 853 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in Delaware
The full Delaware ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its Delaware lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in Delaware; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 853 | $95.8M | $112K | 3.17% |
| 2 | TD Bank, National Association | 321 | $42.3M | $132K | 9.03% |
| 3 | Wilmington Savings Fund Society FSB | 261 | $122.0M | $468K | 1.92% |
| 4 | Wells Fargo Bank National Association | 124 | $29.7M | $239K | 1.61% |
| 5 | Citizens Bank, National Association | 105 | $20.3M | $194K | 3.81% |
| 6 | Delaware Community Development Corporation | 77 | $57.8M | $750K | not reported |
| 7 | True Access Capital Corporation | 73 | $20.3M | $278K | 11.67% |
| 8 | PNC Bank, National Association | 70 | $14.4M | $206K | 7.14% |
| 9 | Live Oak Banking Company | 61 | $85.9M | $1.4M | 0.00% |
| 10 | First Financial Bank | 56 | $62.7M | $1.1M | 0.00% |
| 11 | Fulton Bank, National Association | 56 | $56.8M | $1.0M | 0.00% |
| 12 | The Huntington National Bank | 54 | $17.4M | $323K | 3.70% |
| 13 | Northeast Bank | 54 | $9.7M | $180K | 0.00% |
| 14 | Beacon Bank and Trust | 38 | $43.9M | $1.2M | 2.63% |
| 15 | Grow America Fund, Incorporated | 35 | $25.3M | $721K | 2.86% |
| 16 | BayFirst National Bank | 33 | $7.1M | $214K | 0.00% |
| 17 | Newtek Bank, National Association | 32 | $18.7M | $585K | 0.00% |
| 18 | VelocitySBA, LLC | 30 | $717K | $24K | 23.33% |
| 19 | Newtek Small Business Finance, Inc. | 25 | $27.7M | $1.1M | 0.00% |
| 20 | Readycap Lending, LLC | 25 | $9.2M | $369K | 4.00% |
| 21 | Celtic Bank Corporation | 24 | $11.6M | $485K | 16.67% |
| 22 | Columbia Bank | 22 | $655K | $30K | 31.82% |
| 23 | United Midwest Savings Bank National Association | 21 | $7.0M | $332K | 9.52% |
| 24 | Meridian Bank | 18 | $14.1M | $785K | not reported |
| 25 | Applied Bank | 15 | $23.5M | $1.6M | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in Delaware
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in Delaware by each program's loans funded since FY2010:
- 1. Manufacturers and Traders Trust Company 853 loans
- 2. TD Bank, National Association 321 loans
- 3. Wilmington Savings Fund Society FSB 261 loans
- 4. Wells Fargo Bank National Association 124 loans
- 5. Citizens Bank, National Association 105 loans
Counts are each program's funded loans in Delaware. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in Delaware
The 3 industries with the most SBA loans in Delaware since FY2010, and the most active lender in each. A lender that leads your industry locally can matter more than the overall #1.
| Industry | Loans | Total funded | Most active lender |
|---|---|---|---|
| Retail Trade | 399 | $105.5M | Manufacturers and Traders Trust Company (147 loans) |
| Construction | 328 | $72.8M | Manufacturers and Traders Trust Company (136 loans) |
| Accommodation and Food Services | 327 | $175.8M | Manufacturers and Traders Trust Company (106 loans) |
Full industry, city, and yearly breakdowns: SBA lending in Delaware.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to Delaware businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the Delaware table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in Delaware; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in Delaware: frequently asked questions
Who is the most active SBA lender in Delaware?
Manufacturers and Traders Trust Company is the most active SBA lender in Delaware in the public record, with 853 7(a) and 504 loans funded since FY2010 ($95.8M in Delaware). The ranking counts loans funded, never who pays us.
Do these lenders only serve Delaware?
No. The ranking measures activity in Delaware: loans funded to Delaware businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their Delaware lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in Delaware?
29 lenders have funded at least 10 SBA loans in Delaware since FY2010 in the public record (as of 2026-03-31). The table above names the 25 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in Delaware. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/de/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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