Small Business Loans in Delaware

When your Delaware business needs affordable financing, Pursuit has a variety of loans and resources to fit your unique needs.

Supporting Businesses Across The First State

Pursuit is new to the state and we’re excited to bring our mission-driven lending to Delaware’s business community. From Wilmington to Dover to coastal towns in Sussex County, with Pursuit you’ll find the funding you need with a lender who believes in your business goals. Delaware’s business community is full of innovators—from family-owned shops and Main Street businesses to fast-growth startups and manufacturers and we can’t wait to learn more about you!

When you work with Pursuit, you’re working with a lender with more than 70 years of lending expertise that will guide you every step of the way. No matter where you are on your business journey, Pursuit is here to help you create jobs, strengthen local communities, and build lasting success throughout the state. Whether you’re just getting started or you’re ready to scale, get in touch today to see what’s possible!

SBA and CDFI logo

Pursuit is approved to offer SBA loan products in New York State under SBA’s Preferred Lenders Program & SBA Express Program.

Empowering Delaware Entrepreneurs

Pursuit is proud to expand into Delaware! You can apply for up to $500,000 in affordable financing for working capital, inventory, equipment, and more.

Working with Pursuit means you’ll get one-on-one support to fully understand your business needs and find the right path to success. From tech startups to retail shops, food and beverage businesses, health services, and tourism-driven companies, Pursuit empowers small businesses through affordable financing and resources to achieve your small business dreams!

Business Loan Programs in Delaware

Frequently Asked Questions

There are many loan options available for your Delaware business. You can access financing from banks, mission-driven lenders, and alternative financing providers. Through Purusit, you can apply for the Pursuit SmartLoan, Flex Loan, and the SBA 7(a) program.
Interest rates vary by program. For the SBA 7(a) loan program, the rate is calculated using the Prime Rate. Our community lending programs offer interest rates between 7 – 11.9% depending on the program that best fits your needs. Talk to us today to learn more!
Yes! Delaware has state-specific programs primarily through the State Small Business Credit Initiative (SSBCI), which includes the Delaware Loan Participation Program (DELPP), and the Delaware Capital Access Program (DCAP). There’s also the Delaware Accelerator & Seed Capital Program (DASCP) aimed at supporting start-ups in addition to other technical assistance programs! Reach out to your business bank, Small Business Development Center (SBDC), or Chamber of Commerce for more information on programs specifically for Delaware businesses.
Each loan program has different eligibility requirements, and some may even make exceptions for credit scores. Before applying for a small business loan, review your credit report to understand where you stand. If your score is low, take time to improve it! Stronger credit can help you quality for better terms and increase your chances of approval. Be wary of loan offers for low credit scores that seem too good to be true. That could be a sign of a predatory lender who could cost you more money in the long term.
Loan approval times vary depending on the program. For SBA 7(a) loans, you can expect approval in 30-45 days after you submit a complete application. The best way to streamline the process is to have all required documentation ready to go before you apply, and to be responsive when additional follow-up is needed. However, time to funding varies based on project. For Pursuit’s SmartLoan, decisions are sent within two business days of submitting a complete loan application, and time to funding is within 5 business days of approval. For the Flex Loan, completed applications are generally evaluated and funded within 4 weeks, subject to satisfactory documentation.

Our Delaware Loan Officers

Paola Garcia

Paola Garcia-Villari
Managing Vice President

Delaware, New York City
(212) 430-4517

Tom Dowling

Tom Dowling
Vice President

Delaware, Eastern Pennsylvania, Southern New Jersey
(215) 820-5855

Manny Maysonet_June 2024_400px

Manny Maysonet
Vice President

Delaware, New York City, New Jersey
(838) 202-7181

Find the right loan for your business today

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