CHERRY HILL, NJ November 17, 2022 – TD, America’s most convenient bank®, announced today that for the sixth straight year it ranked #1 for the total number of approved US Small Business Administration (SBA) loans at its Maine to Florida footprint for the SBA’s fiscal year 2022. TD Bank is also the #2 SBA lender nationwide.
During SBA’s 2022 fiscal year (October 1, 2021 – September 30, 2022), TD outperformed the competition, issuing approximately $313 million and approving a total of 2,134 SBA 7(a) and 504 loans combined.
“We are proud to be a leader serving small businesses and are committed to meeting the needs of these entrepreneurs who form the backbone of the local economy,” said Chris Giamo, Head of Commercial Banking, TD Bank. “While we’ve seen improvements over the past two years, challenges remain for small businesses and SBA loans are a key element in meeting borrowing needs.”
This milestone for TD Bank is a point of pride and ties directly to our goal of enriching the lives of our customers and communities.
“We’re 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 grow local economies and ensures the communities we serve continue to thrive.”
In addition to the top spot for its overall footprint, TD earned the #1 ranking in four states — New Hampshire, New Jersey, South Carolina, and Florida.
“Congratulations to the Small Business team on these great awards,” said Tom Pretty, Head of SBA Lending, TD Bank. “While we’re not doing this for the awards, it’s great that our hard work supporting small businesses from Maine to Florida is being recognized.”
About TD Bank, America’s most convenient bank®
TD Bank, America’s Most Convenience Bank, is one of the top 10 banks in the United States, serving over 9.8 million customers in more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro DC, the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, NA, provides vehicle financing and commercial services to dealers. TD Bank and its subsidiaries also provide bespoke private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, NJ. Visit www.td.com/us for more information. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter atwww.twitter.com/TDBank_USandwww.twitter.com/TDNews_US.
TD Bank, America’s Most Convenient Bank, is a member of the TD Bank Group and a subsidiary of Toronto-Dominion Bank of Toronto, Canada, one of the top ten financial services companies in North America. Toronto-Dominion Bank is traded on the New York and Toronto Stock Exchanges under the ticker symbol “TD”. To learn more, visit www.td.com/us.
Head of Corporate Communications