Lenders › TD Bank, National Association
7(a) lenderWilmington, DelawareFDIC-insured bank2nd of 2,184 by approvals
TD Bank, National Association
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
TD Bank, National Association (Wilmington, Delaware) is an FDIC-insured bank in the SBA 7(a) program, 2nd of 2,184 by approvals in FY2021 to FY2025: 14,760 loans worth $2.17bn.
In FY2025, the latest complete fiscal year, it had 3,424 approvals totalling $495M, down 14% on FY2024 (3,996). FY2026 to 30 Jun 2026 adds 1,492 more.
The median approval was $50K, against $190K for the 7(a) program as a whole; 81.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 25 states and territories and 329 counties, led by New York (26.2%), Florida (21.1%) and New Jersey (19.0%). The largest industry group was construction at 18.5% of approvals, and 2.0% of approvals were to franchise businesses.
Of 16,234 disbursed loans approved in FY2010 to FY2021, SBA records 2,338 as charged off (14.4%), 10,887 as paid in full and 3,009 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 1,492 | $219M | $50K | $146K | 4,257 |
| FY2025 | 3,424 | $495M | $50K | $145K | 11,288 |
| FY2024 | 3,996 | $570M | $50K | $143K | 13,562 |
| FY2023 | 3,811 | $484M | $50K | $127K | 14,747 |
| FY2022 | 2,093 | $244M | $48K | $116K | 8,536 |
| FY2021 | 1,436 | $377M | $50K | $263K | 8,817 |
| FY2020 | 1,488 | $224M | $50K | $151K | 6,247 |
| FY2019 | 2,915 | $273M | $30K | $94K | 9,832 |
| FY2018 | 4,244 | $340M | $50K | $80K | 13,184 |
| FY2017 | 3,253 | $290M | $50K | $89K | 13,863 |
| FY2016 | 1,044 | $209M | $50K | $200K | 7,444 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 12,944 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | New York | 7(a) program |
|---|---|---|---|
| Approvals in these years | 18,343 | 39,899 | 639,905 |
| Cancelled or never disbursed | 2,109 | 5,223 | 79,313 |
| Disbursed loans | 16,234 | 34,676 | 560,592 |
| Paid in full | 10,887 | 26,873 | 435,813 |
| Charged off | 2,338 | 2,802 | 36,891 |
| Still outstanding (status exempt from disclosure) | 3,009 | 5,001 | 87,888 |
| Charged off, share of disbursed loans | 14.4% | 8.1% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.9% | 3.2% | 2.5% |
| Dollars charged off | $118M | $312M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 1,141 | 419 | 124 | 10.9% | 2.8% |
| FY2020 | 1,271 | 547 | 202 | 15.9% | 4.0% |
| FY2019 | 2,549 | 1,396 | 478 | 18.8% | 6.7% |
| FY2018 | 3,835 | 2,481 | 697 | 18.2% | 7.9% |
| FY2017 | 3,008 | 2,144 | 516 | 17.2% | 7.7% |
| FY2016 | 951 | 806 | 71 | 7.5% | 7.2% |
| FY2015 | 943 | 844 | 58 | 6.2% | 6.9% |
| FY2014 | 667 | 600 | 48 | 7.2% | 6.4% |
| FY2013 | 469 | 408 | 36 | 7.7% | 6.0% |
| FY2012 | 563 | 505 | 38 | 6.7% | 6.3% |
| FY2011 | 446 | 388 | 39 | 8.7% | 6.9% |
| FY2010 | 391 | 349 | 31 | 7.9% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $50K | $190K |
| Average approval | $147K | $518K |
| Approvals of $150,000 or less | 81.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 29.9% | 34.3% |
| Approvals to franchise businesses | 2.0% | 11.5% |
| Jobs supported per approval, as reported | 3.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 14.4% | 6.6% |
States served
| # | State of the business (25 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New York | 3,865 | $492M | 26.2% | |
| 2 | Florida | 3,113 | $492M | 21.1% | |
| 3 | New Jersey | 2,810 | $412M | 19.0% | |
| 4 | Pennsylvania | 1,130 | $144M | 7.7% | |
| 5 | Massachusetts | 877 | $123M | 5.9% | |
| 6 | South Carolina | 549 | $111M | 3.7% | |
| 7 | New Hampshire | 536 | $70.8M | 3.6% | |
| 8 | Connecticut | 456 | $64.1M | 3.1% | |
| 9 | Maine | 314 | $36.4M | 2.1% | |
| 10 | Maryland | 270 | $43.5M | 1.8% | |
| 11 | North Carolina | 193 | $60.2M | 1.3% | |
| 12 | Virginia | 186 | $23.6M | 1.3% |
In New York the lender accounts for 20.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (329 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Miami-Dade County, FL | 1,192 | $192M | 8.1% | |
| 2 | Kings County, NY | 894 | $124M | 6.1% | |
| 3 | Queens County, NY | 528 | $54.8M | 3.6% | |
| 4 | Broward County, FL | 496 | $69.1M | 3.4% | |
| 5 | Suffolk County, NY | 494 | $63.7M | 3.3% | |
| 6 | Nassau County, NY | 463 | $46.8M | 3.1% | |
| 7 | New York County, NY | 371 | $45.9M | 2.5% | |
| 8 | Bergen County, NJ | 351 | $48.0M | 2.4% | |
| 9 | Philadelphia County, PA | 334 | $38.7M | 2.3% | |
| 10 | Ocean County, NJ | 332 | $50.0M | 2.2% | |
| 11 | Palm Beach County, FL | 329 | $32.7M | 2.2% | |
| 12 | Rockland County, NY | 315 | $41.5M | 2.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 2,726 | 18.5% | |
| 2 | Retail Trade | 1,823 | 12.4% | |
| 3 | Professional, Scientific, and Technical Services | 1,643 | 11.1% | |
| 4 | Other Services (except Public Administration) | 1,336 | 9.1% | |
| 5 | Transportation and Warehousing | 1,217 | 8.2% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 1,089 | 7.4% | |
| 7 | Wholesale Trade | 997 | 6.8% | |
| 8 | Accommodation and Food Services | 970 | 6.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 957 | 6.5% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 699 | 4.7% | |
| 3 | General Freight TruckingNAICS 4841 | 644 | 4.4% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 613 | 4.2% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 579 | 3.9% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 546 | 3.7% | |
| 7 | Personal Care ServicesNAICS 8121 | 544 | 3.7% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 457 | 3.1% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 412 | 2.8% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 382 | 2.6% |
Approval sizes
- $50,000 or less54.3%8,022
- $50,001 to $150,00027.5%4,066
- $150,001 to $350,00012.2%1,794
- $350,001 to $1 million3.4%509
- $1 million to $2 million1.4%209
- Over $2 million1.1%160
Loan terms
- 5 years or less7.6%1,126
- Over 5 to 10 years88.3%13,032
- Over 10 to 20 years1.1%162
- Over 20 years3.0%440
Age of the businesses
- Existing, more than 2 years old69.5%10,260
- New business, 2 years or less28.1%4,146
- Startup, loan funds will open the business1.8%271
- Change of ownership0.5%79
- Not answered0.0%4
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 13,853 | 93.9% | |
| 2 | Preferred Lenders Program | 836 | 5.7% | |
| 3 | Preferred Lenders with EWCP | 30 | 0.2% | |
| 4 | Working Capital CAPLine | 17 | 0.1% | |
| 5 | 7a General | 13 | 0.1% | |
| 6 | Builders CAPLine | 4 | 0.0% |
Franchise share
290 of 14,760 approvals in FY2021–FY2025 (2.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 18 | 0.1% | |
| 2 | Primrose Schools | 14 | 0.1% | |
| 3 | Kiddie Academy | 10 | 0.1% | |
| 4 | The Goddard School | 9 | 0.1% | |
| 5 | Pet Supplies Plus | 9 | 0.1% | |
| 6 | The Learning Experience | 6 | 0.0% | |
| 7 | Rita's Ice-Custard-Happiness | 6 | 0.0% | |
| 8 | Servpro | 5 | 0.0% |
Questions and answers
How many SBA loans does TD Bank, National Association make?
SBA approved 3,424 7(a) loans through TD Bank, National Association in FY2025, worth $495M, and 14,760 over FY2021 to FY2025. That ranks 2nd of 2,184 active 7(a) lenders by number of approvals.
How large are TD Bank, National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $50K and the average $147K. The program-wide median was $190K.
What is TD Bank, National Association's charge-off rate?
Of 16,234 disbursed loans approved in FY2010 to FY2021, SBA records 2,338 as charged off (14.4%), 10,887 as paid in full and 3,009 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does TD Bank, National Association lend to most?
By number of approvals in FY2021 to FY2025: residential building construction (957); services to buildings and dwellings (699); general freight trucking (644); restaurants and other eating places (613).
Where does TD Bank, National Association make SBA loans?
In 25 states and territories. New York 3,865, Florida 3,113, New Jersey 2,810, Pennsylvania 1,130, Massachusetts 877. In New York it accounts for 20.0% of all 7(a) approvals.
Is TD Bank, National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 11,231, against 5,017 in the three before: rising (+124%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error