Lending data
Who actually lends to wholesale businesses in Delaware?
27 SBA 7(a) loans went to wholesale businesses in Delaware recently, at a median of $59,000. Here are the lenders that made them, ranked.
27 SBA 7(a) loans went to wholesale businesses in Delaware in the most recent fiscal years. The median was $59,000 over 10 years. The most active lender was Manufacturers and Traders Trust Company, with 9 loans.
What lending to wholesale businesses in Delaware actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Wholesale trade, Delaware | All 7(a) borrowers |
|---|---|---|
| Loans approved | 27 | 214,102 |
| Median loan | $59,000 | $150,000 |
| 25th - 75th percentile | $25,000 - $500,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.75% | 10.25% |
| Share to startups | 44.4% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 12.3% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to wholesale businesses in Delaware. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | 9 | $25,000 | 44% | 13.75% |
| TD Bank | 2 | $42,000 | 100% | 12.93% |
| Wilmington Savings Fund Society FSB | 2 | $420,000 | 50% | 9.62% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $59,000 is 61% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- New businesses do well here. 44% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- One lender dominates. Manufacturers and Traders Trust Company alone made 33% of these loans, and the top three made 48%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
- Rates run higher here. The median initial rate of 10.75% is 0.50 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- Lenders have been burned here before. 12.3% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Which of them lend to new businesses
Of those loans, 44.4% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | 4 | $25,000 | 44% | 13.75% |
| TD Bank | 2 | $42,000 | 100% | 12.93% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Delaware: construction, retail, professional services, restaurants and hotels, personal services, healthcare
- Wholesale in comparable states: Hawaii, New Mexico, Rhode Island, Mississippi, Vermont, South Dakota