Is TD Bank a good match for your SBA loan?
TD Bank’s project state SBA 7(a) loan approvals in 2020.
TD Bank Highlights
TD Bank is a subsidiary of The Toronto-Dominion Bank of Toronto, Canada. TD Bank is ranked #4 in loan approvals and #15 in approval amounts in 2020. They are the 9th ranked SBA lender all-time for both loan approvals and approval amounts. TD Bank is one of 13 SBA lenders in the $5 billion SBA all-time approval club.
All-time TD Bank has approved 31,418 SBA loans for $5,754,009,461. They approved borrowers from 3,390 cities, for projects in 39 states, in 1,018 industries, and for 642 franchise brands.
In 2020 TD Bank approved 1,130 SBA loans for $219,792,766. The average loan approval amount in 2020 was $194,507. They approved borrowers from 516 cities, for projects in 18 states, in 296 industries, and for 36 franchise brands. Their average loan approval amount to franchise businesses was $654,943 in 2020.
Our forecast model projects TD Bank approving about $238 million for SBA 7(a) loans in 2021.
Read our SBA Lender page on TD Bank for their full report, but below are a few highlights:
TD Bank Historical SBA 7(a) Lending
TD Bank Loan Approvals
2020 Top 25 Business Industries
TD Bank approved the most loans for the Residential Remodelers industry followed by Landscaping Services industry and Full-Service Restaurants industry. TD Bank approved SBA 7(a) loans for 296 different industries in 2020.
TD Bank Loan Amounts
TD Bank’s average SBA loan approval amount in 2020 was $194,507.
89% of all TD Bank approved loans in 2020 were for loan amounts up to $350,000.
77.79% of all TD Bank approved loans in 2020 were for loan amounts up to $150,000.
4% of TD Bank’s approved loans in 2020 were for loan amounts over $1 million.
1.42% of TD Bank’s loan approvals were for multi-million loan amounts.
TD Bank is the #4 Ranked National SBA Lender
For 2020 TD Bank ranks #4 in number of loan approvals and #15 for approval amounts.
In 2020 TD Bank approved 1,130 SBA 7(a) loans for $219,792,766.
TD Bank’s average loan approval amount was $194,507.
In 2020 TD Bank approved borrowers from 516 cities, for projects in 18 states, in 296 industries, and for 36 franchise brands.
See our full (and free) SBA report on TD Bank
This report has about everything a small business owner would want to know to determine if TD Bank would be a good match for an SBA loan. See how TD Bank ranks in multiple SBA loan categories, our SBA lending forecasts for TD Bank, the top 25 industries and franchise brands TD Bank approved loans with, the top project states and borrower cities, and more.
