CHERRY HILL, NJ, November 29, 2023 – TD Bank, America’s Most Convenient Bank®, announced today that it ranked No. 1 for the seventh consecutive year in total number of approved U.S. Small Business Administration (SBA) loans in its Maine-to-Florida footprint for the SBA's 2023 fiscal year. TD Bank is also the #2 ranked SBA lender nationwide.
In the SBA's 2023 fiscal year (Oct. 1, 2022 – Sept. 30, 2023), TD Bank lent more than $552 million and approved a total of 3,854 SBA 7(a) and 504 loans combined.
"TD Bank is committed to empowering small businesses by fostering meaningful partnerships that go beyond banking,” said Chris Giamo, Head of Commercial Banking at TD Bank. “The SBA ranking showcases that TD continues to stand as a dedicated partner to small business owners, helping them navigate challenges and unlock new opportunities across diverse industries."
Relationship Banking at its Best
TD Bank has openly communicated its focus on a collaborative model with small business customers and communities, stating their approach to provide business owners with trusted advice and leveraging local relationship teams who serve as trusted advisors to their respective small business community. The success of this model as it relates to SBA lending is reflected in the bank’s seven-year run as the top SBA lender in its Maine-to-Florida footprint.
"In this economy, it’s important for small business owners to partner with the right lender who takes time to understand their unique needs and goals,” said Amy Dinkar-Patel, Head of Small Business & Commercial Distribution at TD Bank. "We pride ourselves on working hand in hand with small business owners to help bring their dreams to life, which in turn also helps local economies and the communities we serve."
TD was also awarded No. 1 rankings in seven states for 7(a) loan units – Florida, Maine, New Hampshire, New Jersey, New York, Rhode Island, and South Carolina.
“We extend our heartfelt congratulations to our exceptional Small Business team for achieving the top SBA ranking from Maine to Florida,” said Tom Pretty, Head of SBA Lending, TD Bank. “The unwavering presence and support they provide to the small business community underscores TD's commitment to being the premier partner for small businesses on their path to success. I couldn't be prouder to work alongside them.”
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the largest banks in the U.S., providing over 10.0 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.
Corporate Communications Manager II