TD Banknorth Launches New Loan Program for New York Businesses
Glens Falls, NY – July 12, 2006 —TD Banknorth New York, a division of TD Banknorth, N.A., announced that it has partnered with the U.S. Small Business Administration (SBA) and the Small Business Development Center, University at Albany (SBDC, UA) to offer the SBA CommunityExpress Loan program to New York businesses.

TD Banknorth is among the first to launch the program in our community. The loans offer small businesses in low- to moderate-income areas and/or women-owned, veteran-owned and minority-owned businesses the opportunity to obtain financing, with the bonus of free technical and management assistance. In New York the business assistance services will be provided by the SBDC, UA.

“TD Banknorth is proud to expand our support of New York’s business community through the SBA CommunityExpress program,” said Daniel J. Burke, president of TD Banknorth New York. “With the combination of low-cost financing and free business counseling, CommunityExpress loans are designed to help small businesses increase their chances of success. We encourage New York small businesses, especially those owned by women, veterans and minorities, to apply.”

SBA loans, which are guaranteed by the SBA, help banks lend to small businesses that might not otherwise qualify for a loan. Under the SBA CommunityExpress program, New York small businesses will have access to term loans or lines of credit up to $250,000 provided by TD Banknorth. Business owners approved for the loan will receive ongoing technical assistance from SBDC, UA.

“TD Banknorth has always been a progressive partner with the SBDC, UA and its clients. This agreement provides greater opportunity to the underserved business community. We must continue to implement these types of programs to assist women, minority owned, and veteran businesses, especially for our Veteran heroes returning from Iraq”, said Bill Brigham, Director, Small Business Development Center, University At Albany.

“This is great news for entrepreneurs in Upstate New York. TD Banknorth is to be applauded for it’s commitment to helping local small businesses which play such a huge role in providing jobs in our communities,” said Bernard J. Paprocki, SBA District Director].

TD Banknorth, which is an SBA Preferred Lender, works in partnership with small business clients and supports them with loan decisions that are made locally.

About TD Banknorth New York
TD Banknorth New York operates more than 25 branches and more than 30 ATMs in upstate New York. A division of TD Banknorth, N.A., TD Banknorth New York is among the leading community banks in its area and provides more than 89,000 upstate New York households with a full line of retail banking products and services including commercial and consumer products, trust and investment services, commercial and personal insurance and residential mortgages. The branches of TD Banknorth have served their customers and communities in New York for more than 150 years and are recognized for a commitment to personalized service, long-term customer relationships, local decision-making, and community involvement. For more information visit

About the Small Business Development Center
The Small Business Development Center, University at Albany (SBDC, UA) provides no cost one-on-one confidential counseling, research, and training to startup and existing small businesses. The SBDC, UA places emphasis on providing needed services to manufacturers, women, veterans, minority, and physically challenged individuals, or on business impacting distressed and targeted areas. Since inception in 1984, the SBDC, UA has provided business assistance to 15,209 entrepreneurs with 130,984 one-on-one counseling hours. These efforts helped accessed $165,626,693 in local economic investment and 7,424 jobs were saved or created during the period. During the last year, the SBDC, UA has worked with 1008 entrepreneurs, provided 5,185 counseling hours, saved or created 497 jobs, and helped access $19,618,989 in local economic investment.

About the U.S. Small Business Administration
The U.S. Small Business Administration’s mission is to maintain and strengthen the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters. Since its founding in 1953, the SBA has delivered about 20 million loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. For more information visit

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