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Compare Small Business Loans and Lines of Credit

Get information to help you choose the loan, line of credit or commercial mortgage that's right for your business.

Find the loan that's right for your business

Loan

Line of Credit

Commercial Mortgage

Best for

One-time financing:

  • Equipment or vehicles
  • Expansion or renovation
  • Lump-sum working capital

Access to cash for business expenses:

  • Rent
  • Inventory
  • Payroll
  • Daily operations

One-time financing:

  • Real estate purchase
  • Refinancing

Amounts available

$10,000 – $1,000,0001

$25,000 – $500,0001

Up to $1,000,0001

Rate type

Fixed

Variable

Fixed

Standard terms

3 to 5 years amortization2

On demand

5-year term, up to 20-year amortization

What you should know

Typically secured by equipment, inventory or cash

Interest on loans may be deducted as a normal business operating expense for tax purposes3

Fixed monthly payments are automatically deducted from your checking account

Typically secured by cash or accounts receivable

Access your money by writing a check or transferring money online

Your line of credit can be paid down and used again

Monthly payments are automatically deducted from your checking account

Secured by real estate

Interest on loans may be deducted as a normal business operating expense for tax purposes3

Fixed monthly payments are automatically deducted from your checking account

Talk to an expert

Ask questions. Get guidance.

A small business specialist is ready to help.

Call 1-855-278-8988
Mon-Fri, 8:30AM – 5:00PM ET

Schedule an appointment

Apply online

The fastest way to apply for loans and lines of credit under $250,000

Apply now

Apply in person

Online application is designed for lending needs up to $250,000. Excludes borrowing requests for total aggregate exposures more than $250,000, ACH Line, Letter of Credit, unsecured lending and entities with more than ten owners. For borrowing requests in excess of $250,000 in total aggregate exposure, please call 1-855-278-8988 to apply with a Small Business specialist. If you have an existing TD Bank business lending relationship, your new loan request plus existing loan request must be $250,000 or less. For revolving products, such as a business credit card or lines of credit, we consider your total credit limit. For non-revolving products, such as a term loan or commercial mortgage, we consider your total current balances. To apply for a loan request of greater than $250,000, please use our paper application that can be downloaded here or requested at any TD Bank location. For more information, please contact a TD small business specialist.

Subject to credit approval.

Line of Credit is available for qualified applicants meeting the following conditions: with TD Business Checking account with $40,000 minimum balance and payments must be auto-deducted from TD Business Checking account. Other terms and conditions will apply, contact a small business specialist for more information. Rate is equal to Wall Street Journal (WSJ) Prime + 0.74%. As of September 26, 2018, WSJ Prime + 0.74% equals 5.99%. Rate is variable subject to changes to the WSJ Prime rate. Unsecured lines and increases/renewals to customers with existing lines not eligible.

1Subject to credit approval. Contact your nearest TD Bank for rate and fee schedule.

2Other terms may be available.

3TD Bank, N.A. and its affiliates do not provide tax, legal, business or accounting advice. This information is provided for informational purposes only and is not intended to provide specific financial, investment, tax, legal, accounting, business or other advice and should not be acted or relied upon in that regard without seeking the advice of your own professionals who can help to ensure that your own circumstances have been properly considered and any action is taken on the latest available information.

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