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.
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SOURCE TD Bank