Division of Small Business

New report focuses on Delaware small business lending

A new report from online small business lending platform Lendio shows how Delaware small businesses seeking loans stack up against the rest of the U.S.

Delaware borrowers were in business a shorter length of time (6.6 years compared with 7.8 years nationally) but had substantially higher average annual income ($2.2 million compared with about $807,000), according to the report, which covers fourth quarter 2019.

Just under $422,000 in loans were funded in Delaware through Lendio in the three months ended Dec. 31.

The average loan size was $9,170.

Click here to read the Lendio report.

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