SBA Lenders in Delaware
7 active SBA lenders · 21,123 loans approved · $4.2B total volume
All SBA Lenders in Delaware
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| TD Bank, National Association | WILMINGTON | 16,685 | $2.4B | $147K | ⭐ |
| PNC Bank, National Association | WILMINGTON | 3,192 | $1.0B | $327K | ⭐ |
| Wilmington Savings Fund Society FSB | WILMINGTON | 805 | $660.5M | $820K | ⭐ |
| Santander Bank, National Association | WILMINGTON | 428 | $39.1M | $91K | ⭐ |
| True Access Capital Corporation | Wilmington | 11 | $1.8M | $168K | — |
| Community Bank Delaware | LEWES | 1 | $1.9M | $1.9M | — |
| Applied Bank | WILMINGTON | 1 | $500K | $500K | — |
Finding an SBA Lender in Delaware
There are currently 7 SBA-approved lenders headquartered in Delaware, ranging from national banks to local community lenders. Together they have approved 21,123 SBA 7(a) loans totaling $4.2B since 2020.
Of these, 4 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Delaware
How many SBA lenders are in Delaware?
There are currently 7 SBA-approved lenders headquartered in Delaware. Together they have approved 21,123 SBA 7(a) loans totaling $4.2B since 2020. Of these, 4 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Delaware?
An SBA Preferred Lender (PLP) in Delaware is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Delaware currently has 4 Preferred Lenders.
How do I choose the best SBA lender in Delaware?
When choosing an SBA lender in Delaware, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 7 Delaware lenders so you can compare objectively.
How long does SBA loan approval take in Delaware?
With an SBA Preferred Lender in Delaware, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.