Category: Banking and Financial Services

By Kathy Canavan Delaware’s Small Business Administration office broke records in the number of loans guaranteed in 2012, 2013, and 2014, but the weekly total for the last week of May was still surprising. Even after totals of $57.7million in 2012, $57.8 million in 2013, and $45.7 million in 2014, the May 25 weekly total…

By Kathy Canavan The Small Business Administration’s new Linc program is a computerized matchmaker that will make it easier for small businesses to find lenders and make it easier for lenders to find new customers. From County Bank in Rehoboth Beach to Applied Bank in North Wilmington, the SBA is signing up lenders, including credit unions…

Small Business Administration Tools

By Kathy Canavan Iconic Delaware brands like Grotto, Iron Hill, Dogfish Head, and Brew Ha Ha got Small Business Administration help along the way, but the SBA paperwork used to be a speed bump for banks and borrowers alike. “A lot of banks didn’t want to touch the SBA,” said Darrell Stayman, commercial credit manager for…

WILMINGTON, Del. — WSFS Financial Corporation  has formed a Strategic Alliance with ZenBanx Holding Ltd. To offer a mobile, multi-currency account that will allow consumers to hold balances in up to five currencies in a single account. “The ZenBanx USA venture is fully aligned with our strategic goals and culture – service, growth, innovation, best…

The local Delaware economies continue to gather strength, as is demonstrated in the positive national trend of employment numbers, housing activity and prices, broader coincident and leading indexes, and anecdotal evidence based on conversations with our customers and business colleagues. Here are three trends that will impact the Delaware banking landscape in 2015. Continued pressure…