SBA Lenders in Delaware
Top lenders ranked by real SBA lending data. See who's most active in Delaware across deal count, loan size, and pricing.
What Borrowers Should Know
Delaware's median 7(a) spread is 11 basis points tighter than the national median (P+2.64% vs P+2.75%), suggesting more competitive pricing for borrowers. However, this advantage is concentrated among the top 5 lenders who likely control 70%+ of the market—shop aggressively among non-top-5 lenders to test if their spreads match or exceed the national average.
Manufacturers and Traders Trust Company dominates with 820 of 2,297 deals (36% market share). This concentration means loan approval processes, documentation requirements, and relationship-building approaches may differ significantly between M&T and other lenders—your experience will vary widely depending on which lender you engage.
Delaware's average deal size of $412,789 is modest, suggesting the state attracts smaller, lower-growth borrowers. If your loan request exceeds $500K, you may face less competition for your deal and potentially more negotiating power, but fewer lenders may be actively underwriting at that ticket size.
Total SBA Loans
2,298
Active Lenders
123
Avg Deal Size
$413K
Total Volume
$948.0M
Top 10 Lenders in Delaware
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | Bank | 820 | $113K | P + 2.50%AVERAGE | |
| 2 | Wilmington Savings Fund Society FSB | Bank | 253 | $461K | P + 2.25%GOOD | |
| 3 | Wells Fargo Bank National Association | Bank | 120 | $232K | P + 3.50%ABOVE AVG | |
| 4 | Citizens Bank, National Association | Bank | 103 | $184K | P + 2.75%AVERAGE | |
| 5 | Delaware Community Development | CDC/504 | 75 | $749K | — | |
| 6 | True Access Capital Corporation | Bank | 59 | $135K | P + 4.00%HIGH | |
| 7 | Live Oak Banking Company | Bank | 59 | $1.4M | P + 2.00%GOOD | |
| 8 | First Financial Bank | Bank | 56 | $1.1M | P + 3.22%ABOVE AVG | |
| 9 | Fulton Bank, National Association | Bank | 54 | $1.0M | P + 2.25%GOOD | |
| 10 | Northeast Bank | Bank | 52 | $173K | P + 2.75%AVERAGE |
Top Industries in Delaware
SBA lending activity by industry segment.