TD Bank Named South Carolina's Top Lender to Small Businesses

GREENVILLE, S.C. (October 6, 2011) – TD Bank, America’s Most Convenient Bank®, is South Carolina’s top U.S. Small Business Administration (SBA) bank lender by dollar volume for the second consecutive year.

TD Bank topped a long list of South Carolina SBA lenders during the SBA’s 2011 fiscal year (ending on Sept. 30), making 29 SBA loans totaling $32 million to South Carolina small businesses in 2011.

“TD Bank is a financially strong, committed banking partner of South Carolina small businesses, and I applaud our local team of small business lenders for their outstanding effort in providing the financing necessary to grow businesses in our state,” said Rob Hoak, South Carolina Regional President at TD Bank. “Moving forward, we will continue to make steady increases in dollar and loan volume – with the goal of being South Carolina’s leading SBA lender once again in 2012.”

TD Bank’s expanding SBA team delivers competitively-priced, government-backed financing programs that help find the best financing solution for small businesses throughout Maine to Florida. In 2011, the bank doubled its SBA lending salesforce and increased its small business relationship team by 20 percent.

“Due to the popular demand of SBA-backed products, we have been able to significantly grow our lending team over the past year, and will continue to deliver competitive financing options to South Carolina entrepreneurs,“ says Rich Bradshaw, Head of SBA Programs at TD Bank. “Strong community reinvestment is a core value at TD Bank, and providing financing that grows businesses and creates new jobs is how we operate in our communities.”