TD Bank Lends $15.1 Million in SBA-Backed Loans to South Carolina Small Businesses
May 7, 2012
GREENVILLE, SC – May 7, 2012 – Through the U.S. Small Business Administration’s (SBA) first two quarters of 2012, TD Bank, America’s Most Convenient Bank®, approved $15.1 million in SBA loans to South Carolina small businesses – making TD Bank the state’s current top lender by dollar volume.
TD Bank leads a long list of South Carolina SBA bank lenders, approving 15 loans averaging $1.07 million per loan since the beginning of the government’s fiscal year (October 1, 2011). This marks the eighth consecutive SBA quarter that TD Bank has made the largest dollar volume of SBA-backed loans to South Carolina small businesses.
“Entrepreneurship provides the spark that energizes South Carolina’s economy, and our local team of small business lenders continues to lead the way in providing the necessary financing to grow small businesses in our state,” said Rob Hoak, Regional President for North and South Carolina, TD Bank. “TD Bank is here to lend to South Carolina small businesses, and we’re pleased to offer SBA products that help them focus on their growth and success.”
TD Bank’s dedicated SBA team delivers competitively-priced, government-backed financing programs that help find the best financing solution for small businesses throughout Maine to Florida. As one of the top East Coast SBA lenders, TD Bank is consistently making steady increases in dollar and loan volume to applicants, while ushering in new SBA programs.
“TD Bank is committed to providing small businesses with the capital they need by offering SBA programs,” said Rich Bradshaw, Head of SBA Programs, TD Bank. “We’ll continue to deliver competitive financing options to South Carolina’s entrepreneurs, with the goal of extending our impressive run as the top SBA bank lender in the state.”
TD Bank is also using social media to educate and converse with small business owners with the creation of informative videos about small business banking on YouTube and live weekly Twitterviews (Q&A). Each Friday, Small Business Banking experts will be available for live #smallbizfridays on Twitter @TDBank_US to answer questions and share tips and advice.
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., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,280 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized wealth management services through TD Wealth, and insurance products and services through TD Insurance, Inc. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine.
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 and one of the few banks in the world rated Aaa by Moody’s. 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.
