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TD Small Business Loans and Lines of Credit
Whether you're looking to start, grow, or manage your business, TD small business lending solutions include overdraft protection, business credit cards, loans and lines of credit.
Featured lending solutions
From time to time, businesses may require access to funds to stay competitive. Whatever the size and type of your business, TD has lending solutions to help you stay ahead.
TD Canada Trust and the Government of Canada work together to help you finance the working capital needs of your business and fund day-to-day operating expenses.
- Line of credit of up to $150,0001, 2
- Maximum term of five years, which can be renewed for another five years, with an option to convert to a term loan2
- Registration fee of 2% (paid upfront or financed using the line of credit, provided the maximum authorized line of credit limit is not exceeded)2
- View requirements
Financing options through TD, supported by a guarantee from Business Development Bank of Canada (BDC), can help businesses manage cash flow, providing access to fund day-to-day operations.
- Total loan between $25,000 - $500,0002
- Amortization on loans up to 6 years
- Floating Interest rate options available
- One-time BDC guarantee fee of 1% of the loan amount
- View requirements
Business tools and resources
Loan calculator
Estimate your monthly payments
This calculator is based on the accuracy and completeness of the data you have entered. The information is intended for illustrative and informational purposes only. The calculation assumes a constant interest rate throughout the term and is dependent on the product you select. The information provided is not intended as financial, tax, legal, accounting, or other professional advice to you, and should not be relied upon in that regard. As always, please consult with appropriate professional advisors to discuss your specific situation.
More resources to help support your business journey
TD connects you to Fundica. Find relevant government funding in Canada.
Small business owners across Canada share the challenges and opportunities they face.
Explore the industry categories relevant to your business needs.
Frequently asked questions
First evaluate your needs and resources. Then look at each TD loan product and the applicable terms for each.
- Short-term needs loan (Small Business Line of Credit/Business Overdraft Protection): Ideal for ongoing cash flow needs, like buying inventory, covering payroll, or bridging the gap between payments and repaying suppliers.
- Long-term needs loan (Small Business Loan): Ideal for one-time purchases or expansions, like buying equipment, making leasehold improvements, or purchasing/refinancing real estate.
A business loan is usually for larger, one-time needs—while a line of credit gives you flexibility for day-to-day expenses. With a loan, you reduce the balance over time, but with a line of credit, you can borrow, repay, and borrow again up to your credit limit.
TD typically considers the following criteria when reviewing credit requests:
- Character
Trust that you'll repay debt based on documented experience - Capacity
Having enough cash on hand to repay a loan - Capital
Funds on hand for contingency, so loan repayment is more assured - Conditions
Economic or industry situations that may impact your ability to repay a loan - Collateral
Specific assets pledged in case you're unable to repay
Legal
1Subject to estimated useful life of asset being financed and type of security provided.
2Additional items and information may be required.
The following items are typically required by your TD Canada Trust Business Banking Representative. Additional documents may be required.
- Personal earnings
Confirmation of income using Notices of Assessment for the most recent two-year period - Business earnings
Financial statements for the most recent two-year period of your business plan - Personal net worth statement
Statements to confirm investments/deposits (held outside TD Canada Trust) - Agreement of Purchase and Sale for real estate
Signed documentation to confirm real estate transactions (if applicable)
To detail your business plan, download our Business Plan Template.