State Small Business Credit Initiative (SSBCI) – Delaware Loan Participation Program (DELPP)

State Small Business Credit Initiative (SSBCI) – Delaware Loan Participation Program (DELPP) is a grant-backed loan program from Delaware's Division of Small Business that helps small businesses access financing they might not otherwise qualify for. Under DELPP, the state provides a portion of the loan amount to a participating lender, enabling small businesses to obtain 5–10-year loans for growth and expansion. Delaware received $60.

9 million in SSBCI funds from the U.S. Treasury to administer multiple programs. Eligible applicants are Delaware-based small businesses, particularly those owned by socially or economically disadvantaged individuals, who face barriers accessing traditional bank financing. Loan amounts vary based on lender and project.

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We want to help you get a piece of this funding! Read here to learn more, and then read below to learn more about the programs we use to get it to you! The Division of Small Business (DSB) is administering the State Small Business Credit Initiative (SSBCI) , a federal program from the U.S. Treasury Dept.

, aimed at providing financing to help small and diverse businesses access capital (funding). Delaware was awarded $60.

9 million for three programs: Two support loans for small businesses: the Delaware Loan Participation Program (DELPP) , and the Delaware Capital Access Program (DCAP) , Two more are aimed at supporting start ups: the Delaware Accelerator & Seed Capital Program (DASCP) , and the Delaware Early Stage Venture Capital Program (DESVCP) The goal of these lending programs and other SSBCI-based initiatives, is to support both small and early-stage businesses who are having challenges getting a traditional bank loan, as well as those in that are owned by socially and economically disadvantaged persons.

Loan Programs - Information for Small Business Owners 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.

March 3, Loan Program Webinar and Slide Deck (DELPP & DCAP) D elaware 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. The following links will open new windows. Participating Lender Information Sheet Del-One Federal Credit Union Lending Programs - Information For Lenders D elaware 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 . The following links will open new windows.

Participating Lender Information Sheet Del-One Federal Credit Union DE LPP 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 U.S. Treasury SSBCI Policy & FAQ 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 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. Delaware Accelerator and Seed Capital Program 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 .

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 Minority, Women & Veteran-owned Businesses Del Prosperity Partnership The Delaware Division of Small Business, part of the Delaware Department of State, is a service-focused agency committed to supporting businesses starting and growing in Delaware.

Small businesses can reach out to the Division for assistance in connecting to the resources and advice to succeed. The Division is a champion for Delaware small businesses and is here to help take companies to the next level. Built by the Government Information Center