TD Small Business Loans and Lines of Credit

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
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• 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.

• 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 
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• 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
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• 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.
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• 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
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• 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.
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• Line of credit of up to $150,000^{1,  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 
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