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Wednesday, October 14, 2020
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True Access awarded $657,000 to launch Hispanic business loan program

True Access Capital, Wilmington (formerly First State Community Loan Fund) will expand its lending to minority-owned businesses, with an emphasis on Hispanic-owned businesses, with the help  of a $657,000 award from the Community Development...
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Jennings and other attorneys general seek changes in proposed Payroll Protection Act rule

Delaware Attorney General Kathy Jennings  joined colleagues in several states in protesting a proposed rule on Payroll Protection. Act loan/grants. The SBA proposed a rule that would govern all SBA determinations considering PPP loans—including borrowers’...
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Financial services remains a bright spot for Delaware

Good afternoon, It wasn't that long ago that some in Delaware's gloom and doom crowd were predicting that the state's financial service industry was on the bubble. Their argument -  the quality of life was low,...
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New Castle County vendor sends out bills to property owners who pay through escrow...

 New Castle County officials have been told that a vendor mistakenly sent property tax bills to nearly 51,000 owners  who make payments through their lender. The county will notify those affected by letter. Property taxes...
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WSFS sees encouraging signs for economy while posting a $7.1 million 2nd...

WSFS Financial Corporation posted a $7.1 million loss in the second quarter as its bank set more money aside for loan losses.  WSFS is based in Wilmington and operates in much of the Delaware Valley,...
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Sallie Mae reports second quarter loss

  Student lender Sallie Mae reported a loss in the second quarter. The loss per share totaled 23 cents, driven by a $243 Million increase to the provision for credit losses, due to future impacts from...
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WSFS begins to open branch lobbies

WSFS is reopening a few bank lobbies in Delaware. While appointments aren’t required at fully opened locations, taking that step could avoid waiting in line due to capacity limits. The bulk of WSFS locations remain...
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Chase opens branch on Market Street

Chase opened its newest Delaware branch on Tuesday at 840 N. Market Street, Wilmington. The Market Street location joins branches at the company's credit card headquarters near the Wilmington Train Station, the Christiana Fashion Center south...
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Nerdit Now and the reality of Business inequality in Delaware

From lack of federal relief funding to lack of contracts, here's what one popular Black-owned founder is really going through  (See Editor's Note Below).   By Holly Quinn   This article appears in a 12-part series on minority entrepreneurship...
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Delaware businesses get 4,872 loans in 2nd round of Payroll Protection Program

Delaware held its own when it came to the second round of Paycheck Protection Act loans. A report from the Small Business Administration indicated that a total of 4,872 loans with a value of more...