TD survey shows only 24% of US small businesses hold over six months’ reserves

• TD survey showed 94% of US small business owners feel financially prepared for next 12-18 months, but only 24% hold more than six months of emergency savings for operating expenses.
• Resilience gap widened as 34% said more than six months of reserves is ideal for financial preparedness.
• Risk exposure remained elevated, with 54% reporting fraud or attempted fraud in past year; 12% reported financial loss.
• AI adoption accelerated, with 69% using AI to cut expenses versus 39% last year.
• Credit demand strengthened, with 93% likely to apply for a loan or line of credit in next 12-18 months; 55% plan to seek financing from their bank versus 33% last year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TD - Toronto-Dominion Bank published the original content used to generate this news brief via Business Wire (Ref. ID: 20260428591405) on April 28, 2026, and is solely responsible for the information contained therein.