TD Helps - supporting businesses through financial uncertainty
Is your business impacted by COVID-19? Let's find solutions.
- Canada Emergency Business Account (CEBA)
- Canada Emergency Wage Subsidy
- Small Business Banking Principal Payment Deferral
- Business Financing Requests
- Business Development Canada (BDC) Co-Lending Program
- EDC Business Credit Availability Program (BCAP)
- Highly Affected Sectors Credit Availability Program (HASCAP)
- Investissement Québec (IQ) Programme d'actions concertée temporaire pour les entreprises (PACTE) – Quebec Only
Canada Emergency Business Account (CEBA)
For businesses without a business bank account.
For instructions on how to apply for a CEBA loan through TD under the guidelines for businesses without a business banking bank account, click here.
- CEBA Term Loan Agreement:
Important terms and conditions of the CEBA loan agreement can be found here, anytime. Please review before you apply.
- TD Privacy Agreement:
Please also understand the privacy and disclosure conditions you’ll be required to authorize. Please read carefully before proceeding.
Business Development Canada (BDC) Co-Lending Program
The Co-Lending Program brings the BDC together with TD, to co-lend term loans to Small and Medium businesses to help with operational cash flow requirements. Eligibility requirements include but are not
- Differing maximum finance amounts based on business revenues
- Principal payment deferral options available
Business Development Bank of Canada (BDC) Mid-Market Junior Financing Program
The BDC Mid-Market Junior Financing Program brings the BDC together with TD, to provide term loans, ranging from $12.5 million to $60 million, to medium and larger-size businesses to help with operational cash flow requirements. Eligibility requirements include but are not limited to:
- Annual revenues of $100 million or more.
- Businesses incorporated in Canada that generate revenue from the sale of goods or services and have business operations in Canada.
EDC Business Credit Availability Program (BCAP)
Export Development Canada’s Business Credit Availability Program (BCAP) offers eligible customers with credit financing to help sustain operations impacted by COVID-19.
The EDC BCAP includes:
- An operating credit of up to CAD $80 million.
- 75% to 80% of the loan guaranteed by the Federal Government through the EDC (dependent on financing amount).
Highly Affected Sectors Credit Availability Program (HASCAP)
The Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee is a business lending program for Canadian businesses that have been disproportionately impacted by COVID-19. The program provides a loan that is 100% guaranteed by Business Development Bank of Canada (BDC). Key features of HASCAP include:
- a loan amount ranging from $25,000 to $1,000,000
- A fixed interest rate of 4%
- A term of up to ten years
- The ability to defer principal payments for up to 12 months at the start of the loan
Eligibility requirements for HASCAP include but are not limited to:
- The business must have been financially viable prior to the economic impact of COVID-19
- The business must have received the Canada Emergency Wage Subsidy (CEWS) or the Canada Emergency Rent Subsidy (CERS) by having demonstrated a minimum revenue decline of 50% for at least three months of the past eight months prior to the HASCAP application date
- If your business has not received CEWS or CERS, you must first apply for CEWS or CERS
- If your business does not qualify for CEWS or CERS, you must provide financial statements for at least three months demonstrating a monthly year-over-year revenue decrease of a minimum of 50% per month within the eight months prior to your HASCAP application date
- The business must use the loan to continue or resume operations
TD Business Banking customers should contact their Relationship or Account Manager to learn more.
Applications will be accepted until June 30, 2021.