TD Bank earns No. 2 rank in Delaware for SBA loans to assist small businesses

TD Bank recently announced that it is ranked No. 2 in Delaware for U.S. Small Business Administration 7(a) loan units.   

In Delaware, these loans supported 33 businesses during a time when small businesses nationwide faced economic volatility and rising interest rates.

In 2023, TD also ranked No. 1 in its Maine-to-Florida footprint after lending $552 million and approving 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."

TD Bank has openly communicated its focus on a collaborative model with small business customers and communities, stating its 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 and 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."

To learn more, visit td.com/us/en/small-business.