TD Bank Ranks No. 1 in SBA Lending for 8th Straight Year
Business Wire 30-Oct-2024 10:00 AM
TD is Top SBA lender in Maine-to-Florida footprint; #2 ranked SBA lender nationally
TD, America's Most Convenient Bank®, announced today that it ranked No. 1 for the eighth consecutive year in total number of approved U.S. Small Business Administration (SBA) loans in its Maine-to-Florida footprint for the SBA's 2024 fiscal year. TD was also awarded No. 1 rankings in eight states for 7(a) loan units – Eastern Pennsylvania, Florida, Maine, New Hampshire, New Jersey, New York, South Carolina and Washington, D.C. – and is ranked the #2 SBA lender nationwide.
In the SBA's 2024 fiscal year (Oct. 1, 2023 – Sept. 30, 2024), TD Bank lent approximately $663 million and approved a total of 4,038 SBA 7(a) and 504 loans combined.
"Entrepreneur needs are changing, and TD's sustained SBA ranking demonstrates our continued commitment and ability to position ourselves as a local and trusted advisor to small business owners," said Tom Pretty, Head of SBA Lending at TD Bank. "We are very proud of the personalized approach we bring to our small business programs, working side-by-side with customers and empowering them to expand on growth opportunities and create a runway for their future."
Relationship Banking at its Best
TD Bank has consistently leveraged its SBA lending expertise to drive meaningful economic impact, working with businesses of all sizes and stages. TD's commitment to partnership is integral to its success. TD continues to be a leader in SBA financing for startup franchises, startup medical practices, business acquisitions, partner buyouts, and owner-occupied commercial real estate.
"Our mission is to enable small businesses to focus on growth and innovation, while we expertly manage the complexities of financing," said Amy Dinkar-Patel, Head of Treasury Management and Commercial & Small Business Products and Solutions at TD Bank. "At TD, we pride ourselves on being the number one lender of choice for small businesses who bank with us. We look forward to continuing this legacy of leadership in SBA lending, empowering entrepreneurs to achieve their dreams."
"A huge congratulations to the Small Business team for once again earning the achievement of top SBA lender from Maine to Florida. This distinction underscores our commitment to strengthening the communities we live and work in," said Pretty. "I look forward to continuing to work alongside the team to ensure we deliver financing solutions that truly support the long-term success of these businesses."
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. by assets, providing over 10 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 Instagram at www.instagram.com/TDBank_US/.
TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank. 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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