Community banks get first draw in this round of PPP. Here's a list of them in Delaware - Technical.ly Delaware

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Jan. 11, 2021 5:23 pm

Community banks get first draw in this round of PPP. Here’s a list of them in Delaware

The Paycheck Protection Program is back. Choose your lender wisely.
Ninth Street in Wilmington.

Ninth Street in Wilmington.

(Photo by Holly Quinn)

Applications are open again for the Paycheck Protection Program (PPP), giving small businesses another opportunity to receive financial relief, whether they received and spent their first round fund or were unable to get funding last time.

Yes, sole proprietorships, independent contractors, partnerships and LLCs without employees are eligible for PPP funds. If you need assistance applying, contact the Delaware Small Business Association or find local assistance using the SBA assistance map.

This time around, in order to give less of an advantage to big businesses, community banks get first draw. Fortunately, Delaware has plenty of them to choose from.

Here are some of the smaller financial institutions you might consider, which have indicated on their websites that they’re participating in this round of PPP:

  • Artisans’ Bank
  • Del One Credit UnionĀ 
  • First Citizens Community Bank
  • Franklin Mint Credit Union
  • Fulton Bank, National Association
  • WSFS

To explore other local banking options, including whether they’re small business lenders, check out this BankLocal tool.

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