TD Bank announced that it is the first and only top-10 U.S. bank to work with BizEquity to offer its small and mid-size business customers and prospects from Maine to Florida a fast and no-cost comprehensive business valuation through a cutting-edge digital application.

BizEquity is an online business valuation tool that provides fair market, enterprise and liquidation values calculated in real time and based on current market factors. Through its relationship with the Philadelphia-based fintech, TD Bank 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.

"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," said Chris Giamo, Head of Commercial Bank, TD Bank.

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.

"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," said Michael M. Carter, Founder and CEO of BizEquity. "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."