SBA Section 504 Program

Kent County Banks	No. of Branch Offices and Locations
Artisan's Savings Bank	Dover, Milford
TD Bank	Dover (2)
Felton Bank	Felton, Milford, Camden
JC Penney National Bank	Harrington, Canterbury
First National Bank-Wyoming	Wyoming, Dover, Harrington, Felton, Smyrna, Milford, Canterbury
County Bank	Milford
PNC Bank	Smyrna, Dover (3), Milford (2)
Wilmington Trust	Dover (2), Camden, Milford (2), Harrington, Frederica, Smyrna

The 504 Program offers long-term fixed assets financing at fixed rates for projects in the $120,000 to $2,500,000 range. The 504 Program involves a private sector lender and the Delaware Development Authority. A typical project would involve 50% funding from a private lender, 40% from the Delaware Development Corporation and 10% from the business.

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Small Business Administration Assistance

Financing is available for business start-ups and expansions assets. The SBA may require 15-20% equity from starting companies. The SBA generally guarantees 90% of the loan from a local lender with a maximum of $750.000. Guaranteed loans are used by firms whose loan needs exceed the usual banking criteria. The terms usually exceed those available from a bank. For information on SBA loans, call (302) 573-6381 or (302) 739-4271

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SBA Resource Center/SCORE Assistance

The Central Delaware Chamber of Commerce is an officially designated SBA Resource Center. Call (302) 734-7513.

SCORE offers free advice and counseling by retired executives to existing businesses. For assistance call (302) 573-6381.

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Delaware Small Business Development Center

Through one on one counseling the SBDC can assist entrepreneurs in starting a business or help an existing business solve problems. Contact Jim Crisfield at (302) 678-1555. The SBDC is located at 146 S. Governors Ave. Dover, DE 19901.