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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.
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
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.