Applied Bank

This is a bank that provides SBA loan services to small and medium-sized businesses, helping them secure financing for growth, equipment, or real estate needs. You can find information about loan programs, application processes, and personalized support tailored to your business goals.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated depending on availability. Contact the branch ahead of your visit for the best experience.

The branch typically operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary. It's best to call ahead to confirm current hours before visiting.

There are no fees for simply visiting or consulting with the bank; however, loan processing and application fees may apply depending on your financing needs.

This bank primarily serves small business owners and entrepreneurs within the Wilmington region, but eligibility depends on meeting specific lending criteria and creditworthiness.

A minimum personal credit score of 620 is generally required to qualify for SBA loans through this bank.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of your application.

Most banks keep weekday business hours and are closed on weekends, and Applied Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Applied Bank to confirm current weekend availability before you go.

Applied Bank is located in Delaware — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Applied Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Applied Bank itself, which runs its own lending under its own ownership. If you work at Applied Bank, you can claim this listing from this page to manage it.

The core details for Applied Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Applied Bank before applying. If you represent Applied Bank, claim this listing to keep its information up to date.

You can reach Applied Bank by phone at (302) 326-4200 or online at appliedbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Applied Bank before relying on them.

Like most SBA lenders, Applied Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Applied Bank directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Applied Bank participates in SBA Express depends on its specific SBA lending authority. Contact Applied Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Applied Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Applied Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Applied Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Applied Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Applied Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Applied Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Applied Bank weighs this case by case under its own policy, so be upfront about your history and ask Applied Bank how it evaluates prior bankruptcies.