Small businesses and startups across Delaware now have expanded access to funding opportunities through a series of state-administered programs backed by the federal State Small Business Credit Initiative (SSBCI), a U.S. Treasury program designed to help businesses secure capital and grow.
The Delaware Division of Small Business is administering approximately $60.9 million in SSBCI funding, which is being distributed through multiple loan and investment programs aimed at supporting both traditional small businesses and high-growth startups. Officials say the initiative is especially focused on helping businesses that may struggle to secure financing through traditional banking channels, including those owned by socially and economically disadvantaged individuals.
Under the program, business owners begin by meeting with a Regional Business Manager, who helps determine eligibility and guides them through available funding options. If a business qualifies, they are connected with participating lenders, including banks, credit unions, and Community Development Financial Institutions. The state then provides a portion of the loan to the lender, simplifying the process so the business owner works directly with just one financial institution.
For businesses that may not yet meet lender requirements, additional support is available through a partnership with the Delaware Small Business Development Center. This collaboration offers free assistance, helping entrepreneurs strengthen their applications and improve their chances of approval.
Two of the primary programs focus on loan support for small businesses. The Delaware Loan Participation Program helps businesses secure financing—typically in the form of five- to ten-year loans—to support expansion and long-term growth. Meanwhile, the Delaware Capital Access Program provides more flexible financing options for businesses that may have minor credit challenges or limited collateral, helping bridge gaps that often prevent loan approval.
In addition to loan programs, the state is also investing in startup innovation through two initiatives aimed at early-stage companies. The Delaware Accelerator and Seed Capital Program allows the state to make direct investments of up to $1 million in qualifying businesses that have completed initial seed funding rounds. Companies with 100 or fewer employees and matching private investment are prioritized. Another program, the Delaware Early Stage Venture Capital Program, further supports high-growth startups seeking to scale operations.
State officials say these programs are critical for fostering entrepreneurship, particularly in communities where access to capital has historically been limited. By reducing barriers to financing, the initiative aims to encourage business development, job creation, and economic growth throughout Delaware.
The programs also emphasize accessibility and education, with informational webinars and direct outreach helping business owners understand how to navigate the funding process. Officials encourage entrepreneurs to explore available resources and take advantage of guidance offered through the Division of Small Business and its partners.
As economic conditions continue to evolve, Delaware leaders say the SSBCI-funded programs represent a significant investment in the state’s business community—providing both immediate financial support and long-term opportunities for growth.
Business owners interested in learning more about eligibility, participating lenders, or specific program requirements are encouraged to contact the Delaware Division of Small Business or visit the state’s business resource website for additional information.
