Feasibility Study Data for the Dover, DE Metro Area

Dover, DE: loan volume and median size around Dover

Project sites in Dover drew 307 SBA approvals across the Dover, DE metro area over FY2017 to FY2026, carrying $112.4 million across every asset class. Dover holds rank 234 of 928 against every other statistical area, Dover among them. The median ticket in Dover is $90,000, with half of all loans between $30,000 and $289,000. Against the country, Dover borrowers take smaller loans, at 0.43x of the national median. That makes Dover loans smaller than loans nationally.

Dover, DE: franchises, programs and named holders for Dover

297 of the Dover approvals were 7(a) loans and 10 were 504 loans. Most Dover loans sit under 7(a). In Dover, the franchise share of Dover loans is 11.7%. The largest 7(a) Dover holder by loans is Manufacturers and Traders Trust Company, with 103 loans worth $10.8 million, and TD Bank, National Association comes second with 42 loans and $2.5 million. 18 loans sit with Wilmington Savings Fund Society FSB, with 12 more at Live Oak Banking Company. In Dover, no 504 holder reaches the five loans needed to be named. These are SBA's records of Dover loans held or once held. In Dover, the line for Manufacturers and Traders Trust Company appears where SBA gives it as the Dover holder; nothing here speaks to what TD Bank, National Association asks of an applicant.

Dover, DE: the class table and county table for Dover

Most of the Dover total sits outside the tracked asset classes: 247 loans under other industry codes. Class Dover figures here cover only part of the Dover area. Among tracked Dover classes, full-service restaurant leads with 14 loans, then beauty salon with 8, and limited-service restaurant at 7. Further down sit child care center, 5 loans. Kent County, DE is the largest source of loans, with 307. The Dover figure may hide differences between counties.

Dover, DE: how to read Dover cancellations and charge-offs

Cancellation after approval reached a floor of 13.2% for Dover approvals in FY2017 to FY2024. Dover's ceiling would sit above 13.2%, but Loan Analytics does not print that Dover number. 6.3% is the Dover floor for Dover charge-offs to date across the FY2017 to FY2021 group, which holds 95 disbursed loans. As for the five-year Dover rate, Loan Analytics does not print it, its Dover cohort being under 30 Dover loans, and any Dover figure would be a guess. Aging loans can still default, making these floors where a later Dover reading can add but never remove. Volume crested in FY2025, at 50 loans and $7.8 million; the thinnest Dover year before FY2026 was FY2020, with 17 loans for $8.4 million. Dover is built from project counties such as Kent County, DE; federal boundaries from July 2023 determine which counties count, so a loan from an unmatched Dover county appears nowhere.

Dover, DE: what a study for a Dover project must prove

A study for a Dover project must start from the project's own Dover county, since area sums mix several markets. In Dover, with full-service restaurant first in the Dover class table, the study should test Dover dining rooms and their weeknight trade, seats against realistic covers and the lease term against payback. For beauty salon, the next class in Dover, depend on booth rental against employee models and on retail product sales share. Debt service coverage in Dover has to survive a weak year; the collateral worth needs local proof under it. Since Dover loans skew small, a larger request must be defended with project facts.