About this programme
WEDCO, the Wilmington Economic Development Corporation, has provided small businesses within the city of Wilmington access to capital since 1979. It focuses exclusively on entrepreneurs located within Wilmington's city boundaries.
WEDCO is affiliated with the Delaware Community Development Corporation (DCDC), which offers SBA 504 Loans, long-term financing with low fixed interest rates and low down payments, for land, building construction or renovation, and equipment purchases.
How it works
WEDCO offers loans from $5,000 to $50,000 for working capital, inventory, machinery and equipment, and facility improvements. The official site does not state interest rates or loan term lengths for these loans.
Who can apply
The business must be located within the city of Wilmington. The official site does not detail further eligibility criteria such as credit or time-in-business requirements.
Frequently asked
Does WEDCO lend outside Wilmington?
No, WEDCO's loan program is specifically for small businesses located within the city of Wilmington.
What can a WEDCO loan pay for?
Working capital, inventory, machinery and equipment, and facility improvements.
What's the loan range?
$5,000 to $50,000.
How do I apply?
The official site does not publish a self-serve application process; contact WEDCO directly at (302) 571-9088 or info@wedco.org.
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Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.