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Get the right financing to help take your business to the next level

Whether you're starting a new business or growing your existing business, financing is likely an essential part of your business plan. The range of loan choices can seem bewildering, the questions endless, and not every option will make sense for your business. We're here to help you make an informed lending choice that can help take your business to the next level.

Sources of small business funding

Explore the pros and cons of various financing options available for your small business to find the one that best meets your needs.

Business loans from yourself, friends or family
Insight on keeping your business funding source close to home.

Getting a loan or credit from a bank
Learn about what banks can offer when it comes to business financing.

Raising money from investors or crowdfunding
Get better acquainted with how these business funding opportunities work.

Funding from grants, CDFIs and alternative lenders
Financing options to consider for business owners with no or poor credit.

 

Prepare for your business loan application

Set yourself up for a successful loan application and approval process with some advance preparation.

Get ready to apply for a business loan

These articles written by TD Small Business lending professionals can help you successfully prepare for lender meetings.

Tips for meeting with business lenders

  • Ask questions and take notes

    Keep a notebook to take notes so you can compare your financing options and easily follow up.

  • Don't pressure yourself

    If someone is being pushy, counter with "I'd like to review all of my options and then follow up with you." Apply only when you feel comfortable.

  • Avoid scams

    Research the lender in advance and keep in mind there are typically no up-front application fees for a business loan.

Understanding your credit score

Your personal and business credit score can be crucial if you want to obtain financing, so it helps to prepare. Consider these two key factors:

Safeguard your information

Multiple inquiries to your credit report can impact your credit score. Provide personal information to trusted providers you can verify for yourself.

Your personal credit score may matter

If you have more than 10% ownership in the business, your personal credit will likely be reviewed as well in consideration for a small business loan.

Get more information on protecting your personal credit report and score and steps you can take to improve your credit score.

Explore TD small business solutions

Lines and loans are subject to credit approval. Some credit restrictions may apply. Other terms and conditions may apply.

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