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SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $125 MILLION IN DELAWARE OVER THE LAST 5 YEARS.

Small Business Investment Company Impact in Delaware

  • SBICs have invested in 21 small businesses in Delaware since 2018.
  • SBICs have invested $125.7 million in Delaware small businesses since 2018.
  • Delaware businesses that received financing from SBICs in 2022 supported 420 employees.

A sampling of the Delaware-based companies that have received SBIC financing:

TotalTrax, Inc. (Newport)

TotalTrax, Inc. is a leading provider of real time vehicle, driver, and inventory tracking technologies and fleet management solutions for manufacturing and warehouse operations. Offering a complete technology platform that transforms traditional material handling vehicles into “smart trucks,” TotalTrax provides solutions that automate data collection and reporting for materials handling operations. With patented hardware, software, reporting, and business intelligence tools, TotalTrax delivers substantial value in safety, fleet utilization, labor productivity, and inventory accuracy. By automating vehicle usage, maintenance, impacts and lift truck load, and location visibility data, customers can reduce or eliminate the inaccuracies normally associated with operator input. The resulting business intelligence provides the insight needed to implement immediate improvements resulting in documented productivity gains.

TotalTrax operates both nationally and internationally. Its technology systems have received numerous awards and industry recognition.

  • SBIC Investment: $1,432,562

 

Careerminds (Wilmington)

Careerminds is a national provider of virtual outplacement solutions for companies that are downsizing or reorganizing. Using an advanced, proprietary technology platform that delivers affordable, online career transition services, the company provides a high-tech and high-touch blend of on-demand career transition education supported by senior-level career consultants to help displaced workers reenter the workforce quickly.

For the fourth year in a row, Careerminds has ranked as one of 2017’s fastest-growing, privately-held businesses in the Philadelphia region by Philadelphia 100, the Wharton Small Business Development Center and the Entrepreneurs’ Forum of Greater Philadelphia.

  • SBIC Investment: $625,000