TD Bank Earns No. 1 Small Business Administration Lender for 6th Straight Year

Rhea-AI Summary

TD Bank has been ranked No. 1 for the sixth consecutive year in the total number of approved SBA loans across its Maine-to-Florida footprint for the SBA's 2022 fiscal year. The bank approved 2,134 SBA 7(a) and 504 loans, lending approximately $313 million. Additionally, TD was recognized as the #2 SBA lender nationwide, achieving top rankings in New Hampshire, New Jersey, South Carolina, and Florida. Chris Giamo, Head of Commercial Banking, emphasized the bank's commitment to supporting small businesses, which are vital to local economies.

Positive

• Ranked No. 1 in total approved SBA loans for six consecutive years.
• Approved 2,134 SBA loans totaling approximately $313 million in the fiscal year.
• Achieved the #2 ranking for SBA lending nationwide.
• Top rankings in four states: New Hampshire, New Jersey, South Carolina, and Florida.

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• None.

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

FAQ

What was TD Bank's SBA loan ranking in 2022?

TD Bank ranked No. 1 for the sixth consecutive year in total approved SBA loans.

How many SBA loans did TD Bank approve in the 2022 fiscal year?

TD Bank approved 2,134 SBA loans in the 2022 fiscal year.

What was the total amount lent by TD Bank for SBA loans in 2022?

TD Bank lent approximately $313 million for SBA loans in the 2022 fiscal year.

In how many states did TD Bank achieve No. 1 SBA loan rankings?

TD Bank achieved No. 1 rankings in four states: New Hampshire, New Jersey, South Carolina, and Florida.

What is the stock symbol for TD Bank?

TD Bank trades under the ticker symbol 'TD'.