First Bank of Delaware
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Bank of Delaware · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $165K | $165K | 33.3% |
Geographic Distribution
SBA lending activity for First Bank of Delaware by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Pennsylvania (PA) | 1 | $165K | 33.3% |
| Delaware (DE) | 2 | $140K | 66.7% |
Why Choose First Bank of Delaware?
Based on SBA 7(a) lending track record from 2000-2005
- ✓Proven Track Record: 3 SBA loans approved, totaling $305K in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 51 months
- ✓Loan Range: Loan sizes from $25K to $165K, with an average of $102K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in DE, PA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Bank of Delaware SBA lending
What types of businesses does First Bank of Delaware typically finance?
First Bank of Delaware specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Bank of Delaware's typical SBA loan terms?
First Bank of Delaware's SBA 7(a) loans typically feature an average interest rate of — and average term length of 51 months (approximately 4 years). Loan sizes range from $25K to $165K, with an average loan size of $102K.
Do I need a business valuation for a First Bank of Delaware SBA loan?
Yes, First Bank of Delaware typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Bank of Delaware compare to other SBA lenders?
First Bank of Delaware has originated 3 SBA loans totaling $305K since 2000. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Bank of Delaware lend in?
First Bank of Delaware provides SBA 7(a) financing with particularly strong presence in DE, PA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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Certified valuations are often required for SBA loans over $250,000.
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