TD Bank, America’s easiest Bank, announced today that when it comes to 4th 12 months in a line, TD ranked number 1 as a whole wide range of approved U.S. small company Administration (SBA) loan devices in its Maine-to-Florida impact when it comes to SBA’s 2020 financial 12 months, supporting a lot more than 1,500 businesses through two SBA borrowing products: 7(a) and 504 loans.
TD also secured the ranking that is top total level of 504 bucks (roughly $146 million) in its impact. Regardless of the challenges linked to the pandemic, TD remained dedicated to SBA financing and rated when you look at the top four nationally after lending $370.1 million and approving an overall total of 1,560 SBA 7(a) and 504 loans combined.
Along with SBA 7(a) and 504 loans, TD Bank is proud to possess supplied approximately 86,000 Paycheck Protection Program (PPP) loans for over $8.7 billion in financing from April through August as part of the special SBA program founded because of the help, Relief and Economic Security (CARES) Act. Continue reading “TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint”