Delaware State Small Business Credit Initiative (SSBCI) Funding Programs

• The Delaware Division of Small Business is administering $60.9M in federal funding through four SSBCI programs • Two loan programs for existing small businesses: - Delaware Loan Participation Program (DELPP): 5-10 year loans for business growth/expansion - Delaware Capital Access Program (DCAP): Loans for businesses with minor collateral/credit issues • Two programs for startups: - Delaware Accelerator & Seed Capital Program (DASCP) - Delaware Early Stage Venture Capital Program (DESVC) • Key benefits: - Helps businesses that struggle to get traditional bank loans - Special focus on socially/economically disadvantaged business owners - Free support available through DE Small Business Development Center - Works through participating lenders (banks, credit unions, CDFIs) - Business owners only deal with one entity for loan paperwork • To apply: Meet with a Regional Business Manager who will review programs and connect with participating lenders • Current participating lenders include Del-One Federal Credit Union, True Access Capital, and Community Bank