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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.
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Featured lending solutions
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Short-term lending solutions
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Medium- to long-term lending solutions
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
Short-term lending solutions
Choose from several business lending solutions for expenses, financing assets, and protection against the unexpected.
Business Overdraft Protection (BODP) is designed to help cover unexpected or temporary expenses and shortfalls.
- BODP helps provide customers with peace of mind, allowing cheques and automated debits to be honoured up to the authorized limit, even if the account is overdrawn.
- Credit limits available1 from $1,000 to $10,000 and accessible access via TD Chequing Account.
- Rebates for the following business chequing accounts2: all TD Every Day Business, TD Unlimited Business and Community Plans
- View requirements
Choose a TD business credit card with benefits and features that can help you grow and manage your business.
- Take charge of your business spending with TD business credit cards. TD business credit cards help you draw the line between business and personal spending.
- Separate your business expenses from personal expenses for easy tracking while you create a business credit history.
- Whether you’re looking for cash back, travel rewards or just a low interest rate, TD has a business credit card for you.
A Small Business Line of Credit1 provides your business with day to day working capital needs.
- Flexible security options2 include: business assets, business real estate, residential real estate (full or partial), liquid or margin security (full or partial)
- Competitive variable interest rates based on TD Prime Rate or TD U.S. Prime Rate
- Attached to your Business Chequing Account or U.S. Dollar Business Chequing Account
- Pay interest only on the amount you borrow
- View requirements
Medium- to long-term lending solutions
TD offers flexible lending solutions designed to meet your particular business credit needs—from either medium- to long-term.
Financing to purchase equipment, vehicles or other fixed assets with loan amortizations up to 30 years2
- Flexible security options2 include: business assets, business real estate, residential real estate (full or partial), liquid or margin security (full or partial)
- Flexible payment options: Choice of 1 to 5 year fixed-rate terms. Amortization up to 30 years, based upon the useful life of the asset financed
- Variable interest rate options available based on TD Prime Rate with no pre-payment penalties
- Fixed interest rate options available with the flexibility to make up to 10% principal pre-payments of the original loan amount annually without penalty
- View requirements
Financing for the purchase, expansion, or renovation of a business property—including commercial and mixed-use commercial/residential properties.
- Owning your premises may provide your business with flexibility and can help you create opportunities to maximize its potential.
- Choose a variable interest rate to enjoy the greatest repayment flexibility. Pay off your principal balance whenever you want without any pre-payment penalties.
- Choose a fixed interest rate if you prefer predictable payments and want to lock in at today’s rates. Make optional pre-payments (up to 10% of the original loan amount every year) to pay down your mortgage faster.
- 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
Start or grow your business with a Canada Small Business Financing Loan—a financing option through TD and the Government of Canada that can help you fund the purchase or improvement of land, buildings, and equipment.
- It can also help you fund intangible assets and ongoing day-to-day operating expenses.
- Loans are guaranteed by the Government of Canada (up to 85% of the amount borrowed) to assist with financing, expanding or modernizing your business.
- Up to $1,000,0002 in financing to buy or improve real property.
- Up to $500,0002 in financing for equipment and/or leasehold improvement of which up to $150,0002 can be used to finance intangible assets and/or working capital.
- View requirements
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
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.