Calling all Delaware business owners! If you own and operate a business in Delaware and you need funding, look no further. On this page, you’ll find business grants and loans that are only available to businesses that operate within the small but mighty state of Delaware. Take a look to assess whether any of these Delaware business funding options is right for your business.
Department or Agency: Delaware Division of Small Business
Loan or Grant title: Delaware Loan Participation Program
As part of the State Small Business Credit Initiative, the Delaware Loan Participation Program (DELPP) was created to assist small businesses that may not otherwise have access to loan products or that may not qualify for traditional loans. Businesses may be eligible to apply for a DELPP loan if they operate in the state of Delaware and plan to use the funds for an industrial, commercial, or agricultural endeavor.
Department or Agency: Delaware Division of Small Business
Loan or Grant title: Delaware Site Readiness Fund
In an effort to increase economic growth throughout the state, the Delaware Site Readiness Fund provides grants and loans to qualified businesses that are committed to the construction, renovation, or improvement of commercial business sites. This is an effort to attract new businesses, expand existing businesses, and create and retain jobs within the state of Delaware.
Department or Agency: Delaware Division of Small Business
Loan or Grant title: EDGE Grants
Businesses located in Delaware may be eligible for an EDGE Grant if they’ve been in operation for under five years and employ fewer than 10 people. For STEM-based companies, a grant of up to $100,000 may be awarded. For non-STEM-based companies, a grant of up to $50,000 may be awarded.
Department or Agency: Wilmington Strong Fund
Loan or Grant title: Emergency Small Business Relief Fund
Wilmington Strong Fund awards grants in the amount of $1,000 for emergencies to businesses located in the city of Wilmington. Applicants must have a 2023 City of Wilmington Business License.
Department or Agency: Delaware County
Loan or Grant title: Delaware County Business Micro Loan Program
Delaware County businesses can apply for financial assistance from this microloan program, which provides loans for general business expenses. Loan amounts range between $10,000 to $50,000 and can go toward rent, mortgage, and utilities.
Department or Agency: The City of Wilmington, Delaware
Loan or Grant title: Grow Wilmington Fund
Qualified businesses must be in business for more than two years and have between two and 500 employees, among other requirements. Loans range from $150,000 to $2,500,000 and can be used for working capital, equipment, real estate, and other expenses.
