TD Bank, National Association
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by TD Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 236118 | Residential Remodelers | 7,328 | $635.4M | $87K | 5.5% |
| 561730 | Landscaping Services | 3,672 | $390.6M | $106K | 2.8% |
| 484110 | General Freight Trucking, Local | 3,296 | $209.3M | $63K | 2.5% |
| 722511 | Full-Service Restaurants | 2,936 | $599.4M | $204K | 2.2% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 2,848 | $419.7M | $147K | 2.1% |
| 812112 | Beauty Salons | 2,432 | $115.6M | $48K | 1.8% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 2,320 | $154.2M | $66K | 1.7% |
| 238210 | Electrical Contractors | 2,288 | $290.6M | $127K | 1.7% |
| 811111 | General Automotive Repair | 2,064 | $273.7M | $133K | 1.5% |
| 541611 | Administrative Management and General Management Consulting Services | 1,648 | $106.1M | $64K | 1.2% |
Geographic Distribution
SBA lending activity for TD Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 28,736 | $4.48B | 21.5% |
| New York (NY) | 34,544 | $4.32B | 25.9% |
| New Jersey (NJ) | 25,640 | $3.83B | 19.2% |
| Pennsylvania (PA) | 10,024 | $1.24B | 7.5% |
| Massachusetts (MA) | 7,880 | $1.09B | 5.9% |
| South Carolina (SC) | 5,008 | $1.03B | 3.8% |
| New Hampshire (NH) | 4,872 | $613.7M | 3.6% |
| North Carolina (NC) | 1,760 | $611.3M | 1.3% |
| Connecticut (CT) | 4,096 | $586.3M | 3.1% |
| Maryland (MD) | 2,304 | $358.9M | 1.7% |
| Maine (ME) | 2,784 | $304.7M | 2.1% |
| Virginia (VA) | 1,728 | $210.6M | 1.3% |
| Georgia (GA) | 184 | $180.3M | 0.1% |
| Vermont (VT) | 1,008 | $160.6M | 0.8% |
| Rhode Island (RI) | 1,104 | $146.8M | 0.8% |
| District of Columbia (DC) | 544 | $127.4M | 0.4% |
| Delaware (DE) | 1,128 | $111.3M | 0.8% |
| New Mexico (NM) | 8 | $37.6M | 0.0% |
| Michigan (MI) | 8 | $36.0M | 0.0% |
| Iowa (IA) | 8 | $32.0M | 0.0% |
| California (CA) | 32 | $25.7M | 0.0% |
| Texas (TX) | 32 | $16.7M | 0.0% |
| Tennessee (TN) | 24 | $11.2M | 0.0% |
| Ohio (OH) | 8 | $5.9M | 0.0% |
| Colorado (CO) | 8 | $2.4M | 0.0% |
| Wyoming (WY) | 8 | $800K | 0.0% |
Why Choose TD Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 133,480 SBA loans approved, totaling $19.57B in financing
- ✓Industry Expertise: Specialized focus on Residential Remodelers, Landscaping Services, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 10.43% with flexible term lengths averaging 118 months
- ✓Loan Range: Loan sizes from $2K to $5.0M, with an average of $147K
- ✓Nationwide Reach: Active lending in 26 states, with strong presence in NY, FL, NJ
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about TD Bank, National Association SBA lending
What types of businesses does TD Bank, National Association typically finance?
TD Bank, National Association specializes in SBA 7(a) lending to specific industries including residential remodelers, landscaping services, general freight trucking, local, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are TD Bank, National Association's typical SBA loan terms?
TD Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 10.43% and average term length of 118 months (approximately 10 years). Loan sizes range from $2K to $5.0M, with an average loan size of $147K.
Do I need a business valuation for a TD Bank, National Association SBA loan?
Yes, TD Bank, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does TD Bank, National Association compare to other SBA lenders?
TD Bank, National Association has originated 133,480 SBA loans totaling $19.57B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does TD Bank, National Association lend in?
TD Bank, National Association provides SBA 7(a) financing with particularly strong presence in NY, FL, NJ, PA, MA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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Professional valuations are often required for SBA loans over $250,000.
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