Delaware Hospitality Emergency Loan Program

Loan Information:

  • No interest loans up to $10,000 per business per month to help cover immediate costs for the hospitality industry
  • Businesses with less than $1.5 million in annual revenue and have been in business and operating for at least 12 months
  • 10 year terms with deferred payments for 9 months
  • Can be used for wide range of expenses other than payroll costs
  • Have to operate in one of the four-digit NAICS codes:
    • 7225 Restaurants and Other Eating Places
    • 7224 Drinking Places (Alcoholic Beverages)
    • 7223 Special Food Services
    • 7211 Traveler Accommodations
    • 7139 Other Amusement and Recreation
    • 7131 Amusement Parks & Arcades
    • 7121 Museums and Historical Sites
    • 7113 Promoters of Performing Arts
    • 7112 Spectator Sports
    • 7111 Performing Arts Companies
    • 4879 Scenic and Sightseeing Transportation, Other
    • 4872 Scenic and Sightseeing Transportation, Water
    • 4871 Scenic and Sightseeing Transportation, Land
    • 3121 Beverage Manufacturing
    • 3118 Bakeries and Tortilla Manufacturing

If you are interested in applying, here is the online application

Eligibility requirements:

  • Proof business in operation for over 12 months
  • Income statement showing the business has no more than $1.5 million annual revenue
  • Including proof the business has been current for the least 80 percent of payments over past 12 months and not past due in the month prior to the current month for which the business is applying for relief (proof of payments or a letter to the entity for which the money is due)
  • Copy of billing statements or invoices for unavoidable expenses to support amount of funding request
  • Proof of payment over the past 12 months for expenses for which funding is requested. This may be in the form of an account statement or letter from the relevant vendor/creditor
  • Financial statements for most recent year completed
  • Copy of Delaware business license.

Once you fill out the application make sure to submit it along with requested documents to business_finance@delaware.gov

For more information, please  visit https://business.delaware.gov/coronavirus/

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Federal loan available to Delaware residents. More details on the loan provided at the top of the page. For more info please visit DE 16342 – SBA Offers Disaster Assistance to Delaware Small Businesses Economically Impacted by the Coronavirus (COVID-19)