Top Industries Financed
- Child Day Care Services
- Lessors of Miniwarehouses and Self-Storage Units
- Funeral Homes and Funeral Services
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
Quick Summary
Delaware Community Development is an SBA-certified Certified Development Company (CDC) headquartered in Wilmington, Delaware. Since 2010, they have approved 76 SBA 504 loans totaling $56.5M, with an average loan size of $744K. They serve businesses across 2 states.
About Delaware Community Development
Delaware Community Development is an SBA-certified Certified Development Company (CDC) headquartered in Wilmington, Delaware. Since 2010, they have approved 76 SBA 504 loans totaling $56.5M, with an average loan size of $744K. They serve businesses across 2 states.
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Frequently Asked Questions
What does Delaware Community Development do?
Delaware Community Development is an SBA-certified Certified Development Company (CDC) based in Wilmington, Delaware. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Delaware Community Development handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Delaware Community Development approved?
According to SBA FOIA public records, Delaware Community Development has approved 76 SBA 504 loans totaling $56.5M since 2010. Their average loan size is $744K.
What states does Delaware Community Development serve?
Delaware Community Development serves businesses in 2 states: Delaware, Maryland.
How do I apply for an SBA 504 loan through Delaware Community Development?
To apply for an SBA 504 loan through Delaware Community Development, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
Get in Touch with This CDC
Contact Delaware Community Development
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