# Small business loans in Wilmington, DE

**Short answer:** The most active SBA lenders in Wilmington, DE since FY2024 are M&T Bank (53 loans) and TD Bank (12). The median loan was $160,000, and half fell between $50,000 and $500,000. For free help, see the Delaware Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/delaware-small-business-loans/wilmington/
Data as of: 2026-06-30

## Lenders making SBA loans in Wilmington

M&T Bank made the most loans in Wilmington, 34% of the total. The five largest lenders together made 59%.

**Lenders with five or more SBA loans in Wilmington, DE, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/) | 53 | 34.2% |
| [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/) | 12 | 7.7% |
| [Northeast Bank](https://www.sbaexpress.loans/sba-express-lenders/northeast-bank/) | 11 | 7.1% |
| [Wilmington Savings Fund Society](https://www.sbaexpress.loans/sba-express-lenders/wilmington-savings-fund-society/) | 9 | 5.8% |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/) | 6 | 3.9% |

Share is the percent of all Wilmington loans in that period. Each name links to that lender's page for Delaware where one exists.

## Local help near Wilmington

Wilmington borrowers can start with SBA's district office for Delaware, an SBDC or SCORE.

46% of Wilmington borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA has one district office for Delaware. Its page points to state and federal resources and to lenders in the area. The Delaware Small Business Development Center gives free counseling across Delaware.

- [SBA Delaware District Office (Wilmington): SBA district office](https://www.sba.gov/district/delaware)
- [Delaware Small Business Development Center (University of Delaware): Small Business Development Center](https://delawaresbdc.org/)
- [SCORE mentors in Delaware: Business mentoring](https://www.score.org/de/)

Alongside SBA loans, Delaware runs two loan programs. The [Delaware page](https://www.sbaexpress.loans/delaware-small-business-loans/#loan-programs-in-delaware) describes each, and the official pages are linked here.

- [Delaware Loan Participation Program (DELPP)](https://business.delaware.gov/state-small-business-credit-initiative-ssbci/)
- [Delaware Capital Access Program (DCAP)](https://business.delaware.gov/state-small-business-credit-initiative-ssbci/)

## Loan counts and sizes in Wilmington

Wilmington ranks 1st by loans since FY2024 among the 2 Delaware cities with 100 or more SBA loans since FY2020. Nationally it is the 108th busiest of the 580 cities that reach 100 loans.

The 155 loans, 27.1% of the 573 in Delaware, were approved for $71.9 million in all. The median loan was $160,000, 6% above the national median of $150,300. Half of the loans fell between $50,000 and $500,000. The Wilmington median is 60% above the Delaware median of $100,000.

**Wilmington, DE compared with Delaware and the nation, loans from FY2024 to June 2026**

| Measure | Wilmington | Delaware | U.S. |
| --- | --- | --- | --- |
| Loans | 155 | 573 | 162,355 |
| Median loan | $160,000 | $100,000 | $150,300 |
| 25th percentile | $50,000 | $36,000 | $50,000 |
| 75th percentile | $500,000 | $350,000 | $500,000 |
| Via SBA Express | 45.2% | 49.0% | 35.8% |
| Lines of credit | 29.7% | 37.9% | 28.1% |
| Startups | 14.8% | 17.5% | 16.1% |
| Ownership changes | 10.3% | 8.2% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | 7.4% | 6.9% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

78% of the loans were $500,000 or less, the size SBA Express covers. 45.2% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 29.7% of loans, close to the national 28.1%.

SBA loans in Wilmington, DE by size, FY2024 to June 2026

- $50,000 or less (32%): 49
- $50,001 to $150,000 (18%): 28
- $150,001 to $350,000 (21%): 33
- $350,001 to $500,000 (7%): 11
- $500,001 to $1,000,000 (10%): 16
- $1,000,001 to $2,000,000 (6%): 9
- Over $2,000,000 (6%): 9

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 43.2% of loans went to businesses more than two years old and 31.6% to businesses two years old or younger. Startups received 14.8% and changes of ownership 10.3%.

SBA loans in Wilmington, DE by fiscal year

- FY2020: 24
- FY2021: 38
- FY2022: 33
- FY2023: 48
- FY2024: 65
- FY2025: 47
- FY2026 (through June 30): 43

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume fell 28% from FY2024 (65 loans) to FY2025 (47), the two latest full years. The busiest full year in the file was FY2024, with 65 loans. FY2026 already shows 43 loans through June 30.

Of the 95 loans Wilmington borrowers received in FY2020 to FY2022, 7.4% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,240 jobs supported across the 155 loans since FY2024, about 8.0 per loan. SBA does not audit these estimates.

## What businesses in Wilmington borrow for

Full-Service Restaurants was the largest borrower group in Wilmington, with 14 loans or 9.0% of the total.

The three largest industries made up 17% of all Wilmington loans.

**Industries with the most SBA loans in Wilmington, DE, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/) | 14 | 9.0% | 4.6% |
| [Landscaping Services](https://www.sbaexpress.loans/industries/landscaping-services/) | 7 | 4.5% | 1.7% |
| [General Automotive Repair](https://www.sbaexpress.loans/industries/general-automotive-repair/) | 5 | 3.2% | 1.5% |

Share is the percent of all Wilmington loans in that period. Industry is the NAICS code on each loan. A name links to the Delaware page for that industry where one exists.

## A typical loan payment in Wilmington

The median Wilmington loan was $160,000 with a median term of 10 years.

The median variable-rate loan in Wilmington was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $160,000 over 10 years, principal and interest would come to about $2,092 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Wilmington loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $50,000 | $654 |
| Median loan | $160,000 | $2,092 |
| 75th percentile loan | $500,000 | $6,539 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $160,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Wilmington loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $150,000 loan](https://www.sbaexpress.loans/loan-amounts/150000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Wilmington

Wilmington has 8 SBA 504 loans since FY2020, with $7.6 million in SBA and CDC dollars.

Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.

Delaware Community Development Corporation is the one Certified Development Company (CDC) named on five or more loans, 6 since FY2020.

**CDCs named on five or more 504 loans in Wilmington, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Delaware Community Development Corporation | 6 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Delaware cities near Wilmington

Wilmington made up 27.1% of Delaware's SBA loans since FY2024.

Wilmington is one of 2 Delaware cities with 100 or more SBA loans since FY2020. The [Delaware page](https://www.sbaexpress.loans/delaware-small-business-loans/) covers all 573 loans in Delaware. The closest come first, ranked by county and ZIP code on their loans.

- [Newark: 69 loans, median $125,000](https://www.sbaexpress.loans/delaware-small-business-loans/newark/)

## Common questions about SBA loans in Wilmington

### Which lenders make the most SBA loans in Wilmington?

M&T Bank leads with 53 loans in Wilmington since FY2024. TD Bank (12) and Northeast Bank (11) follow. Only lenders with five or more Wilmington loans are counted.

### Which industries get SBA loans in Wilmington?

Full-Service Restaurants leads with 14 loans in Wilmington since FY2024. Landscaping Services (7) and General Automotive Repair (5) follow.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Delaware District Office (Wilmington)](https://www.sba.gov/district/delaware)
- [Delaware Small Business Development Center (University of Delaware)](https://delawaresbdc.org/)
- [SCORE, Delaware](https://www.score.org/de/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)