TD Bank Ranks No. 1 in SBA Lending for Fifth Straight Year in Maine-to-Florida Footprint
CHERRY HILL, N.J., Nov. 9, 2021 /PRNewswire/ — TD Bank, America’s Most Convenient Bank®, announced today that it ranked No. 1 for the fifth consecutive year in total number of approved U.S. Small Business Administration (SBA) loan units in its Maine-to-Florida footprint for the SBA’s 2021 fiscal year. TD supported more than 1,400 businesses through two SBA lending products: 7(a) and 504 loans.
The Bank also secured the top ranking in total amount of 504 dollars lent (approximately $128 million) in its footprint. TD ranked in the top five nationally after lending $502 million and approving a total of 1,496 SBA 7(a) and 504 loans combined.
In three states, TD ranked No. 1 for 7(a) loan units approved in Florida, New Jersey and South Carolina.
“We are proud to continue to help small businesses meet their financial needs by providing critical funding through SBA loans,” said Chris Giamo, Head of Commercial Banking, TD Bank. “We are dedicated to helping small businesses recover and thrive as we help them navigate in these times.”
TD has also been an active participant in the SBA’s PPP program, providing over 130,000 PPP loans for $12B+ to small businesses as a top PPP lender nationwide.
“I want to thank all those at TD Bank who worked so hard to achieve this milestone,” said Tom Pretty, Head of SBA Lending, TD Bank. “Small businesses are the lifeblood of our economy and we are thrilled to continue to serve them.”
About TD Bank, America’s Most Convenient Bank®
TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9.6 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.
TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com/us.
SOURCE TD Bank