WSFS Recognized as #1 SBA 7(a) Lender in Delaware and #2 in Eastern Pennsylvania for its Support of Small Businesses

Small businesses are the backbone of many communities. As a community bank, WSFS has been serving the Greater Philadelphia and Delaware region for nearly 200 years, providing vital support to local businesses.

The U.S. Small Business Administration (SBA) recently released their regional fiscal year rankings for 2023, with WSFS ranking first in Delaware for dollars lent through SBA 7(a) loans and second in Eastern Pennsylvania!

In Delaware, WSFS’ SBA Team provided more than $12.7 million in SBA 7(a) loans, and in Eastern Pennsylvania more than $41.9 million to support small businesses.

“I am extremely proud of the critical support our SBA Team has provided small business Customers across the region,” said Candice Caruso, Senior Vice President, Chief Consumer Lending Officer at WSFS. “Small businesses play a vital role in building and supporting thriving communities.”

“We’ve helped a wide-range of business owners in achieving their dreams – from a Mighty Quinn’s BBQ franchise to assisting in the purchase of landscape supply company Mulch and More – and many others,” added Caruso. “Whether you’re just getting started or already an established business, access to capital can be the key to success and we’re proud to be the small business bank of choice in the region.”

“The WSFS team was great, a true partner for us,” said Arush Pandya, Mighty Quinn’s BBQ franchisee. “We were new to franchising and the SBA, but the WSFS team guided us through the process to secure the capital we needed to get started.”

“Carl Buchholz was instrumental in helping us secure the loan to purchase Mulch and More,” said Ethan Seeley, Co-President at Mulch and More. “He understood the dedication and investment we had already made, and our local roots were a perfect match with WSFS Bank.”

SBA loans are government-backed and offer small businesses flexible underwriting and favorable terms. Learn more about WSFS Bank’s SBA Lending Program and how our team can help you achieve your goals.