Business Loans in Delaware

Delaware holds a unique position in American business as the legal home to over 1.8 million business entities — more than the state's entire population. The Court of Chancery, the nation's preeminent business court, and business-friendly corporate laws make Delaware the incorporation state of choice for Fortune 500 companies and startups alike. Beyond its legal advantages, Delaware's physical economy is concentrated in financial services (with major credit card operations for JPMorgan Chase, Bank of America, and Capital One), chemical manufacturing (DuPont's historic home), and healthcare. The state's strategic mid-Atlantic location between Philadelphia, Baltimore, and Washington D.C. provides access to major markets and transportation corridors. Delaware has no sales tax, making it a retail destination, and offers competitive corporate tax rates. The state's approximately 82,000 small businesses employ about 175,000 workers. The Delaware Division of Small Business and the Delaware State Housing Authority offer loan programs, while DSPC (Delaware Strategic Fund) provides grants and loans for job creation. The state's compact size means entrepreneurs can access the entire state market efficiently, while the growing Wilmington tech scene and University of Delaware's research programs create innovation opportunities.