Customers Supporting Small Business Owners
Since the economic health of our com- munities depends to a large degree on the viability of their small and medium-sized businesses, TD is committed to helping those enterprises succeed. Our services to them include financing, specialized services and advice, and education. Over half our Canadian branches have Small Business Advisors who can advise on innovative solutions, products and services to meet each customer’s unique needs.
• In 2013, TD Canada Trust provided small business customers with over $1.6 billion in new and increased credit authorizations.
• TD Bank is also providing support to microlenders across America as a catalyst for economic development in underserved communities.
• A significant majority of the small business loans issued by TD Bank in 2013 were for the smallest amounts to the smallest of businesses.
2013 Small Business Loans in U.S.
Workplace
Environment
Communities Reinvesting in Our U.S. Communities
In 2013, TD Bank funded in excess of US$422 million through community development investment programs in underserved areas:
• The Low Income Housing Tax Credit program supports the development of multi-family housing for low-income individuals and families in need of affordable rental housing options.
• The New Markets Tax Credit program supports the revitalization of communities in low-income and distressed communities through improving access to capital for job creation and economic opportunities.
• The Small Business Investment Company program supports the growth of new and existing small businesses by providing access to equity capital, long-term loans and management assistance.
Number of Community Development Loans for Low- to Moderate- Income Groups
How We Operate
95
Affordable housing Community services Revitilization
58% 35% 6%
• TD issued 79 community development loans for low- to moderate-income groups, totalling US$140 million.
• The affordable housing loans funded the creation of 1,021 low- to moderate- income housing units.
88%
of loans were for amounts less than $100,000.
64%
of loans were to businesses with less than $1 million in revenue.
TD 2013 Corporate Responsibility Report
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