{"id":381846,"date":"2020-11-16T09:03:49","date_gmt":"2020-11-16T14:03:49","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381846"},"modified":"2020-11-16T09:03:49","modified_gmt":"2020-11-16T14:03:49","slug":"td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/","title":{"rendered":"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHERRY HILL, N.J.<\/span>, <span class=\"xn-chron\">Nov. 16, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2981426-1&amp;h=1165475490&amp;u=http%3A%2F%2Fwww.tdbank.com%2F&amp;a=TD+Bank%2C+America%27s+Most+Convenient+Bank%C2%AE\" rel=\"nofollow noopener noreferrer\">TD Bank, America&#8217;s Most Convenient Bank<sup>\u00ae<\/sup><\/a>, announced today that for the fourth year in a row, TD ranked No. 1 in total number of approved U.S. Small Business Administration (SBA) loan units in its <span class=\"xn-location\">Maine<\/span>-to-<span class=\"xn-location\">Florida<\/span> footprint for the SBA&#8217;s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/479298\/TD_Bank_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/479298\/TD_Bank_Logo.jpg\" title=\"America's Most Convenient Bank.  (PRNewsFoto\/TD Bank)\" alt=\"America's Most Convenient Bank.  (PRNewsFoto\/TD Bank)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>TD also secured the top ranking in total amount of <span class=\"xn-money\">504 dollars<\/span> (approximately <span class=\"xn-money\">$146 million<\/span>) in its footprint. Despite the challenges associated with the COVID-19 pandemic, TD remained committed to SBA lending and ranked in the top four nationally after lending <span class=\"xn-money\">$370.1 million<\/span> and approving a total of 1,560 SBA 7(a) and 504 loans combined. <\/p>\n<p>In addition to SBA 7(a) and 504 loans, TD Bank is proud to have provided approximately 86,000 Paycheck Protection Program (PPP) loans for more than <span class=\"xn-money\">$8.7 billion<\/span> in funding from April through August as part of the special SBA program established by the Coronavirus Aid, Relief and Economic Security (CARES) Act. The bank was a leader in PPP, placing sixth nationwide in loan value and volume.\u00a0 <\/p>\n<p>&#8220;This year has been turbulent for small businesses due to COVID-19 and our team approached these challenges head-on by using our status as an SBA Preferred Lender to offer not only financial relief through PPP loans but to continue to provide critical 7(a) and 504 SBA loans,&#8221; said <span class=\"xn-person\">Chris Giamo<\/span>, Head of Commercial Bank, TD Bank. &#8220;TD recognizes the important role small businesses play in our local communities and the economy and we support these companies with needed funding in both good and challenging times.&#8221; <\/p>\n<p>\n        <b>SBA lending services remained a priority in 2020<\/b>\n      <\/p>\n<p>As a result of COVID-19, thousands of businesses sought additional funding through SBA programs such as 504 and 7(a) loans. However, due to the economic impact of the pandemic, many organizations are more focused on keeping their doors open than strategic growth priorities, which led to the enormous number of PPP loans. <\/p>\n<p>&#8220;Along with providing 7(a) and 504 offerings, the bank worked around the clock for months to process PPP loans and approved more than 25 times the number of SBA loans than we approve in a typical year,&#8221; said <span class=\"xn-person\">Tom Pretty<\/span>, Head of SBA Lending, TD Bank. &#8220;TD Bank and our SBA Lending Group are proud to stand by our small business customers to provide important lending services, including more 7(a) loans than any other bank in our footprint, and financial relief offerings to help them reemerge from the pandemic in a position of strength.&#8221; <\/p>\n<p>\n        <b>About TD Bank, America&#8217;s Most Convenient Bank<sup>\u00ae<\/sup><\/b>\n      <\/p>\n<p>TD Bank, America&#8217;s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and <span class=\"xn-location\">Florida<\/span>. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth<sup>\u00ae<\/sup>, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in <span class=\"xn-location\">Cherry Hill, N.J.<\/span> To learn more, visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2981426-1&amp;h=3398684529&amp;u=http%3A%2F%2Fwww.td.com%2Fus&amp;a=www.td.com%2Fus\" rel=\"nofollow noopener noreferrer\">www.td.com\/us<\/a>. Find TD Bank on Facebook at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2981426-1&amp;h=3525361664&amp;u=http%3A%2F%2Fwww.facebook.com%2FTDBank&amp;a=www.facebook.com%2FTDBank\" rel=\"nofollow noopener noreferrer\">www.facebook.com\/TDBank<\/a>\u00a0and on Twitter at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2981426-1&amp;h=3960900398&amp;u=http%3A%2F%2Fwww.twitter.com%2FTDBank_US&amp;a=www.twitter.com%2FTDBank_US\" rel=\"nofollow noopener noreferrer\">www.twitter.com\/TDBank_US<\/a> and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2981426-1&amp;h=3620047040&amp;u=http%3A%2F%2Fwww.twitter.com%2FTDNews_US&amp;a=www.twitter.com%2FTDNews_US\" rel=\"nofollow noopener noreferrer\">www.twitter.com\/TDNews_US<\/a>.<\/p>\n<p>TD Bank, America&#8217;s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of <span class=\"xn-location\">Toronto, Canada<\/span>, a top 10 financial services company in <span class=\"xn-location\">North America<\/span>. The Toronto-Dominion Bank trades on the <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">Toronto<\/span> stock exchanges under the ticker symbol &#8220;TD&#8221;. To learn more, visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2981426-1&amp;h=3398684529&amp;u=http%3A%2F%2Fwww.td.com%2Fus&amp;a=www.td.com%2Fus\" rel=\"nofollow noopener noreferrer\">www.td.com\/us<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH91379&amp;sd=2020-11-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint-301172942.html\">http:\/\/www.prnewswire.com\/news-releases\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint-301172942.html<\/a><\/p>\n<p>SOURCE  TD Bank<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH91379&amp;Transmission_Id=202011160900PR_NEWS_USPR_____PH91379&amp;DateId=20201116\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHERRY HILL, N.J., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0TD Bank, America&#8217;s Most Convenient Bank\u00ae, announced today that for the fourth year in a row, TD ranked No. 1 in total number of approved U.S. Small Business Administration (SBA) loan units in its Maine-to-Florida footprint for the SBA&#8217;s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans. TD also secured the top ranking in total amount of 504 dollars (approximately $146 million) in its footprint. Despite the challenges associated with the COVID-19 pandemic, TD remained committed to SBA lending and ranked in the top four nationally after lending $370.1 million and approving a total of 1,560 SBA 7(a) and 504 loans combined. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381846","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHERRY HILL, N.J., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0TD Bank, America&#8217;s Most Convenient Bank\u00ae, announced today that for the fourth year in a row, TD ranked No. 1 in total number of approved U.S. Small Business Administration (SBA) loan units in its Maine-to-Florida footprint for the SBA&#8217;s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans. TD also secured the top ranking in total amount of 504 dollars (approximately $146 million) in its footprint. Despite the challenges associated with the COVID-19 pandemic, TD remained committed to SBA lending and ranked in the top four nationally after lending $370.1 million and approving a total of 1,560 SBA 7(a) and 504 loans combined. &hellip; Continue reading &quot;TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T14:03:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/479298\/TD_Bank_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint\",\"datePublished\":\"2020-11-16T14:03:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\\\/\"},\"wordCount\":625,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/479298\\\/TD_Bank_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\\\/\",\"name\":\"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/","og_locale":"en_US","og_type":"article","og_title":"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint - Market Newsdesk","og_description":"PR Newswire CHERRY HILL, N.J., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0TD Bank, America&#8217;s Most Convenient Bank\u00ae, announced today that for the fourth year in a row, TD ranked No. 1 in total number of approved U.S. Small Business Administration (SBA) loan units in its Maine-to-Florida footprint for the SBA&#8217;s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans. TD also secured the top ranking in total amount of 504 dollars (approximately $146 million) in its footprint. Despite the challenges associated with the COVID-19 pandemic, TD remained committed to SBA lending and ranked in the top four nationally after lending $370.1 million and approving a total of 1,560 SBA 7(a) and 504 loans combined. &hellip; Continue reading \"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T14:03:49+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/479298\/TD_Bank_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint","datePublished":"2020-11-16T14:03:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/"},"wordCount":625,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/479298\/TD_Bank_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/td-bank-ranks-no-1-in-sba-lending-for-fourth-straight-year-in-maine-to-florida-footprint\/","name":"TD Bank Ranks No. 1 in SBA Lending for Fourth Straight Year in Maine-to-Florida Footprint - 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