Many of these financial institutions, comprised of State-chartered banks, regional banks, national banks, commercial finance companies and insurance companies, offer active loan programs. The major banks of Delaware are well-capitalized and eager to lend money and offer innovative structured financing as an available option. Some offer sophisticated cash management and deposit services equal to those offered by national money center banks, and some are also leaders in providing trust services. These banks have personnel that specialize in small business lending and personal banking services tailored to high net-worth individuals. Commercial finance companies that serve Delaware make inventory, mortgage, accounts receivable and equipment loans.
Many insurance companies are active in commercial, term and mortgage lending in Delaware.
In Delaware Financial Center Development Act Banks . Delaware has become a regional financial center due in great part to the enactment of legislation that modernized its banking laws in order to create a Banking Code that recognizes both commercial practices and the future needs of providers of commercial and consumer credit in a changing environment. These local banks have been used to market nationwide, commercial and consumer bank products free of the usury limitations that are common in most other jurisdictions. In the commercial context, Delaware is largely free of usury restrictions. In connection with more recent changes in federal law relating to interstate banking, the Delaware Bank Commissioner has been granted authority to waive specified FCDA conditions.