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Small Business Administration (SBA) Loan Programs

TD Bank, an SBA Preferred Lender and #1 on the East Coast.*
Learn more about and compare SBA 7(a), 504, Express and USDA Loans below.

SBA Loan Essentials

  1. SBA and TD partnership
    An SBA loan is partially guaranteed by the Small Business Administration, a government entity dedicated to the growth of small businesses. TD Bank processes your application and lends you the funds. This partnership allows for flexible financing solutions.

  2. Who can apply
    Any small business owner can apply for an SBA loan, whether you have excellent credit or may not qualify for a traditional commercial loan.

  3. Enjoy favorable terms
    SBA loans typically offer flexible terms and conditions versus conventional loans. This can mean lower monthly payments and more opportunities to keep capital in your business.

  1. Secure funding sooner
    You'll get help with the lending process, faster decision times and quicker access to your loan funds when working with TD Bank, an SBA Preferred Lender.**

  2. Franchise Owners
    SBA 7(a) loans up to $5,000,000 with terms up to 25 years are available to start, buy or expand your franchise business.

  3. More info on SBA loans
    Have a TD small business specialist call you to answer your questions and walk you through the process. Or, visit the SBA website† for more information.

A simple and hassle-free SBA loan experience

Help every step of the way

Apply now for up to $250,000
If you need an SBA 504, SBA 7(a) loan or a line of credit for more than $250,000, a TD Business Banker can help you get started on your application

You'll work with our dedicated SBA lending team that's focused on providing a smooth approval and closing process, so you'll obtain your funds quickly.

Schedule an appointment

Find the right loan for your business

SBA 7(a) loan

SBA 504 loan

Average conventional loan

Down payment

10%1

10%1

25%

Use of proceeds
  • Real estate purchase, refinance
  • Expansion
  • Acquisition
  • Partner buyout
  • Equipment purchase
  • Franchise financing
  • Real estate purchase
  • Construction
  • Equipment purchase
  • Refinancing

Varies by lender

Loan amount

Up to $5 million

1st mortgage – no maximum loan amount

2nd mortgage – maximum of $5 million –$5.5 million depending on industry

Varies by lender

Structure

90% lender
10% borrower

90% lender (50% TD Bank, 40% SBA)
10% borrower

75% lender
25% borrower

Term

Up to 25 years

Up to 25 years

5 – 10 years (typically)

Amortization

Up to 25 years

Up to 25 years

20 years (typically)

Fees
  • Based on project size
  • Can be financed
  • Based on project size
  • Can be financed

Varies by lender

Covenants

No

Yes (typically less than conventional)

Yes

Why this loan?
  • No balloon payments
  • Lower equity requirements
  • Longer-term financing
  • Improved cash flow
  • Typically no balloon payments, and never a balloon before year 10
  • Lower down payment
  • Longer-term financing
  • Project assets can be used as collateral

Less interest paid over life of the loan

More SBA loan options

  • SBA Express Loan

    Get a response to your SBA loan application, usually within 48 hours, and accelerated turnaround times for a faster closing. Other SBA Express Loan features include:

    • Loan amounts up to $500,000 and terms up to 25 years, fully amortizing
    • Fixed and variable interest rates available
    • Flexible use of proceeds to help maximize business performance
    • Can be used for lines of credit or term loans

  • USDA Loan

    USDA loan proceeds develop and finance businesses in rural communities, assisting in growth and new jobs. USDA loan features include:

    • Loan amounts up to $25,000,000 and terms up to 30 years, fully amortizing
    • Fixed and variable interest rates available
    • Loan proceeds for real estate purchases, refinance, expansion, debt refinance, equipment finance, and more

Explore more small business solutions

Find out if an SBA loan is right for you

 

*Lenders ranked by the U.S. Small Business Administration (SBA) based on the SBA's data for the units of loans approved during the most recent SBA fiscal year.

**Loans subject to credit approval. Other terms and conditions apply. For more information on the SBA Preferred Lenders Program, connect to: https://www.sba.gov/.

1Some credit restrictions may apply. Loans subject to credit approval.

Subject to sba.gov eligibility requirements.

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