In fiscal year 2025, lenders approved 275 SBA 7(a) loans worth $92.1 million to businesses in Delaware. Here is where that money went, which institutions approved it, and how big a loan a business like yours actually gets — straight from the SBA's own published records.
The median approval was $100,000, $66,850 below the national median of $166,850. That number matters more than the headline total: it is the size of deal lenders in this state are comfortable writing, and asking for something far outside it is the quiet reason many files stall.
| Loan size | 7(a) loans | Share |
|---|---|---|
| Under $50K | 91 | 33.1% |
| $50K-$150K | 65 | 23.6% |
| $150K-$350K | 54 | 19.6% |
| $350K-$1M | 44 | 16.0% |
| $1M+ | 21 | 7.6% |
33.8% of Delaware approvals went to new businesses (startups or under two years old), against 29.8% nationally.
Ranked by number of FY2025 approvals to Delaware businesses. The single most active 7(a) lender in the state was Manufacturers and Traders Trust Company with 112 approvals at a median of $35,000 — which tells you exactly the size of deal it wants.
| Lender | Loans in Delaware | Median size | Total approved |
|---|---|---|---|
| Manufacturers and Traders Trust Company | 112 | $35,000 | $8.2 million |
| Northeast Bank | 27 | $150,000 | $5.4 million |
| Wilmington Savings Fund Society FSB | 20 | $623,000 | $19.6 million |
| Newtek Bank, National Association | 16 | $185,000 | $6.0 million |
| The Huntington National Bank | 13 | $200,000 | $3.3 million |
| TD Bank, National Association | 10 | $47,500 | $630,300 |
| BayFirst National Bank | 8 | $150,000 | $1.8 million |
| PNC Bank, National Association | 7 | $150,000 | $1.0 million |
| Readycap Lending, LLC | 5 | $50,000 | $575,000 |
| Fulton Bank, National Association | 5 | $232,500 | $4.9 million |
| Wells Fargo Bank National Association | 5 | $15,000 | $105,000 |
| Beacon Bank and Trust | 4 | $998,650 | $6.6 million |
Lenders are listed because the SBA publishes them. Inclusion is not a recommendation, an endorsement, or a statement that any of them will approve your file — and Goldspur Capital is not affiliated with any lender named.
The median initial rate recorded at approval was 10.5%, with most loans between 9.5% and 14.0%, and 93.8% written on a variable rate. Historic rates at approval across the year — not a quote, and not what you would be offered today.
| Industry | Loans | Median loan |
|---|---|---|
| Full-Service Restaurants | 12 | $702,000 |
| Limited-Service Restaurants | 10 | $292,800 |
| General Automotive Repair | 9 | $37,000 |
| All Other Professional, Scientific, and Technical Services | 9 | $35,000 |
| Beauty Salons | 8 | $110,000 |
| Landscaping Services | 7 | $40,000 |
| Other Personal Care Services | 6 | $304,000 |
| General Freight Trucking, Local | 5 | $30,000 |
| Residential Remodelers | 5 | $20,100 |
| Other Services to Buildings and Dwellings | 5 | $30,000 |
| County | Loans | Median loan |
|---|---|---|
| New Castle | 152 | $148,000 |
| Sussex | 73 | $70,000 |
| Kent | 50 | $50,000 |
504 money buys property and heavy equipment, at a long fixed rate, through a Certified Development Company partnered with a bank. Delaware saw 7 504 approvals worth $4.8 million in FY2025, median $657,000. The most active CDCs:
| CDC | 504 loans | Median size | Total approved |
|---|---|---|---|
| Delaware Community Development Corporation | 4 | $759,000 | $2.7 million |
| True Access Capital Corporation | 2 | $763,000 | $1.5 million |
| Fiscal year | 7(a) loans approved | Total approved | Median |
|---|---|---|---|
| FY2023 | 196 | $75.0 million | $128,000 |
| FY2024 | 244 | $84.6 million | $100,000 |
| FY2025 | 275 | $92.1 million | $100,000 |
| FY2026 (partial) | 157 | $61.7 million | $150,000 |
Three practical readings. First, size your ask to the state's median band — a request that sits where lenders are already active is a materially easier file than one that does not. Second, a decline is a matching problem far more often than a credit problem: the tables above show institutions with completely different appetites operating in the same state in the same year. Third, if your industry is not in the list above, it does not mean no, it means fewer lenders — and that is exactly the situation where going through a partner who knows which desk to call is worth more than another application.
Source: U.S. Small Business Administration, 7(a) and 504 FOIA loan data (data.sba.gov), files as of 30 June 2026, read on 1 September 2026. Figures cover loan APPROVALS, not disbursements, and the files contain no declined applications — so no approval rate can be calculated from them. Fiscal year 2026 is partial (1 October 2025 to 30 June 2026). Aggregated by Goldspur Capital; borrower-level records are not published. State figures are aggregated on the project state of each loan. Program guidelines shown are our lending partners' published minimums as of September 2026 and can change. They are qualification floors, not an offer.
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