The bank revealed that through its relationship with the Philadelphia-based fintech it now offers a service that typically costs several thousand dollars free of charge to small and mid-size companies. BizEquity delivers a detailed report with valuation information and key industry performance indicators to TD Bank relationship managers, who then share it with the business owner. While sharing more details about the partnership, Chris Giamo, Head of Commercial Bank of TD Bank, stated:
“Our association with BizEquity allows our relationship managers to provide insights that deliver on our goal to provide trusted advice to business owners that enables them to more accurately develop short- and long-term goals.”
TD Bank also explained that the benchmarks and financial insights provided through the BizEquity report can assist business owners as they develop strategic and succession plans; analyze funding and acquisition opportunities; and create tax planning options. Michael M. Carter, Founder and CEO of BizEquity, added:
“We are very proud to be working with TD Bank, one of the leading banks in North America, to provide this value-added service to the nation’s millions of small and mid-size business owners. Without proper valuation knowledge, many of these business owners will not be adequately funded or have the right wealth or succession plans in place. Together, we are helping to democratize this important knowledge for small and mid-size business owners from Maine to Florida.”
