TD Bank leads with SBA loans
PORTLAND, Maine — TD Bank provided New England small businesses with $50.9 million in loans backed by the U.S. Small Business Administration.
TD Bank announced that it was the top SBA bank lender by dollar volume for Region I during the SBA’s 2012 fiscal year ending Sept. 30.
The SBA’s Region I serves New England’s six states. Within Region I, TD Bank was also the top 2012 SBA bank lender by dollar volume in three states: Maine, $6.6 million; New Hampshire, $8.5 million; and Vermont, $8.2 million.
“Cautious optimism and gradual improvement in New England’s economy led to more small businesses thinking about growth and reinvesting in their business in 2012,” said Rich Bradshaw, head of the bank’s SBA programs. “Through our SBA loan programs, we were able to provide financing that allowed them to pursue activities such as ground-up construction, business acquisitions, and real estate and equipment purchases.”