Staff Report
Published Nov. 1, 2012

TD Bank has provided South Carolina small businesses with $25 million in approved loans backed by the U.S. Small Business Administration, allowing businesses to invest and create new jobs.

TD Bank was South Carolina’s top SBA bank lender by dollar volume for the SBA’s 2012 fiscal year ending Sept. 30, the third consecutive year TD Bank ranked No. 1 in the state.

“Cautious optimism and gradual improvement in South Carolina’s economy led to more small businesses with an appetite for growth in 2012,” said Rob Hoak, TD Bank’s regional president for North and South Carolina. “Through our SBA loan programs, we were able to provide entrepreneurs with the capital they need to reinvest in their business, create new jobs and advance South Carolina’s local communities.”

Through SBA loan programs, approved small businesses can expect significant cash flow enhancement and lower down payments, the bank said.