How the loan programs work:

Small business owners meet with one of our Regional Business Managers who will review the programs with them. If they are a good fit, the Business Manager will provide the business owner with a list of our participating lenders (approved bank, credit union or Community Development Financial Institutions (CDFI)) to choose from. The business owner  applies for the loan with the bank/credit union/CDFI, and the DSB provides a portion of the loan amount to the lender, so the small business owner only has to deal with one entity for their loan paperwork.   

Sometimes the business owner needs additional assistance to meet the lender’s requirements and put them in a better position to obtain the loan. DSB has partnered with the DE Small Business Development Center (SBDC) to provide that support for free!

View the webinar from SBDC and DSB to explain how the SSBCI program and our partnership works, and hear from our participating lenders.

DSB/SBDC Webinar   

Webinar Slide Deck

The Programs

Delaware Loan Participation Program – Helps small businesses obtain financing, usually in the form of 5 – 10-year loans, to help them grow and expand.  View information here. 

Delaware Capital Access Program (DCAP) –  Provides supportive financing for a business that has minor collateral or credit issues. View more program information here. 

Participating Lender Information Sheet

Del-One Federal Credit Union  

True Access Capital  

Community Bank    

The Programs

Delaware Loan Participation Program – Helps small businesses obtain financing, usually in the form of 5 – 10-year loans, to help them grow and expand. It’s especially useful when a lender is unable to loan the business as much as requested due to issues such as lack of collateral. The lender may ask DSB to provide SSBCI funds for a portion of the loan.  View fact sheet here. 

Delaware Capital Access Program (DCAP) –  Provides supportive financing for a business that has minor collateral or credit issues. It’s designed to assist any small business owner in need of a loan.  There are additional benefits for those who are, or live in, socially or economically disadvantaged areas. On the banking side, the program uses a risk-pooling concept to mitigate some of the risks that may typically cause lenders to decline a loan or line of credit. It does this by having multiple borrowers using the same lending institution contribute payments to a single reserve fund that the lender can use as loan collateral. View fact sheet

DSB continues to actively recruit additional participating lenders.  Interested? Contact our Business Finance Director, Jory Moore at jory.moore@delaware.gov

Participating Lender Information Sheet

Del-One Federal Credit Union  

True Access Capital  

Community Bank    

DELPP Forms for Participating Lenders

Application – Delaware Loan Participation Application

Compliance Authorization Form 

DCAP Forms for Participating Lenders

Application – Delaware Capital Access Program

Compliance Authorization Form

For more detailed information regarding the requirements and restrictions of SSBCI funded programs please reference the following documents from the U.S. Treasury:

SSBCI-Capital-Program-Policy-Guidelines
SSBCI-FAQs

Send your request to be a participating lender along with the required materials that correspond to the Type of Lending Institution you are applying on behalf of, to business_finance@delaware.gov with the Subject: Participating Lender Request.

• The Accelerator and Seed Capital Program – The Delaware Accelerator and Seed Capital Program (DASCP) strengthens Delaware’s ability to provide early-stage access to capital for high-impact startup companies. It allows the state to make direct investments of up to $1 million in companies, after they have completed their seed round of funding. This is available to companies with 100 or fewer employees, and have a lead negotiator.  Those who can prove they have a 1:1 match will be prioritized! Questions? Email: Business_Finance@delaware.gov.

• Coming in 2025! The Early-Stage Venture Capital (VC) Program – The primary objective of the Delaware Early-Stage VC Program is to build resident VC capacity in the state and expand access to equity capital for firms owned by socially and economically disadvantaged individuals. The Division of Small Business will partner with venture capital funds to make equity investments in Delaware-based high-impact startups up to $5 Million using SSBCI funds.

Exhibit 1 – DASCP – Investee Use of Proceeds and Conflict of Interest Certification

Exhibit 2 – DASCP – Investor Use of Proceeds and Conflict of Interest Certification

Exhibit 3 – DASCP – Sex Offender Investor Investee Certification

Exhibit 4 – DASCP – Investee SEDI Certification

Exhibit 5 – DASCP – SSBCI Privacy Notice Statement

Exhibit 6 – DASCP – Demographics Related Data