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9 active SBA 7(a) lenders in Delaware, ranked by loan volume.
Lenders
in Delaware
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Truliant FCU | 6 | $14.5M | P+2.75% | 0.0% |
| 2 | Brookline Bank | 3 | $6.2M | P+2.25% | 0.8% |
| 3 | Manufacturers and Traders Trust Company | 2 | $578K | P+2.25% | 0.3% |
| 4 | Fulton Bank, National Association | 2 | $452K | P+2.25% | 1.1% |
| 5 | Wilmington Savings Fund Society FSB | 2 | $4.7M | P+2.00% | 2.9% |
| 6 | Bank of America, National Association | 2 | $6.2M | P+0.00% | 0.0% |
| 7 | Meridian Bank | 1 | $3.4M | P+2.25% | 1.7% |
| 8 | The Huntington National Bank | 1 | $363K | P+2.25% | 1.5% |
| 9 | Provident Bank | 1 | $4.2M | P+2.75% | 0.9% |
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Delaware has 9 active SBA 7(a) acquisition lenders that have originated a combined 20 loans totaling $40.6M in volume. The median acquisition loan size in Delaware is $2340K, with a median interest rate of Prime + 2.25% (Prime + spread).
When evaluating SBA lenders in Delaware, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
There are currently 9 active SBA 7(a) lenders in Delaware based on FOIA lending data. These lenders have originated 20 acquisition loans.
The median SBA 7(a) acquisition loan rate in Delaware is Prime + 2.25% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.