CHERRY
HILL, N.J., Nov. 17,
2022 /PRNewswire/ -- TD, America's Most Convenient
Bank®, announced today that it ranked No. 1 for the
sixth consecutive year in total number of approved U.S. Small
Business Administration (SBA) loans in its Maine-to-Florida footprint for the SBA's 2022 fiscal
year. TD Bank is also the #2 ranked SBA lender nationwide.
TD is #1 for the 6th consecutive year
in its Maine-to-Florida footprint and #2
nationwide.
In the SBA's 2022 fiscal year (Oct. 1,
2021 – Sept. 30, 2022), TD
outperformed the competition, lending approximately
$313 million and approving a total of 2,134 SBA 7(a) and
504 loans combined.
"We are proud to be a leader in serving Small Businesses and are
committed to meeting the needs of these entrepreneurs, who serve as
the backbone of the local economy," said Chris Giamo, Head of
Commercial Banking, TD Bank. "While we've seen improvement over the
past two years, challenges still remain for small businesses and
SBA loans are a key piece in meeting credit needs."
This milestone for TD Bank is a point of pride and is directly
aligned with our purpose to enrich the lives of our customers and
communities.
"We are very proud of our small business programs," said
Amy Dinkar-Patel, Head of Commercial
Distribution, TD Bank. "The work we do with our small business
customers helps drive local economies and ensures the communities
we serve continue to thrive."
In addition to earning the top spot across its footprint, TD
achieved No. 1 rankings in four states – New Hampshire, New
Jersey, South Carolina and
Florida.
"Congratulations to the Small Business team for earning these
great honors," said Tom Pretty, Head
of SBA Lending, TD Bank. "While we don't do this for the accolades,
it's great that our hard work to support small businesses from
Maine to Florida is being recognized."
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 over 9.8 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 Auto
Finance, a division of TD Bank, N.A., offers vehicle financing and
dealer commercial services. TD Bank and its subsidiaries also offer
customized private banking and wealth management services through
TD Wealth®. 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.
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SOURCE TD Bank