TD Auto Finance, a unit of Toronto-Dominion Bank, plans to expand its commercial services, including floorplan loans and commercial lines of credit, to automotive dealerships, maintaining their relationship with TD Bank NA. This move is in with line with TD Auto Finance's current indirect retail model.
TD Auto Finance President and CEO Andrew Stuart said in the news release: "This decision signifies TD's strong commitment to the auto space and our desire to offer a full suite of products and commercial lending to our dealer network across the U.S."
