Small Business Administration (SBA) Loan Programs


SBA Loan Essentials

  • 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.
  • 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.
  • 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.
  • 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, a Preferred SBA Lender.
  • Restaurant 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 restaurant franchise business.
  • 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

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.

Find the right loan for your business

SBA 7(a) loan

SBA Loan Comparison Chart item 1
Down payment
10%1
Use of proceeds
  • Real estate purchase, refinance
  • Expansion
  • Acquisition
  • Partner buyout
  • Equipment purchase
  • Franchise financing
Loan amount
Up to $5 million
Structure
90% lender
10% borrower
Term
Up to 25 years
Balloon
No
Amortization
Up to 25 years
Fees
  • Based on project size
  • Can be financed
Covenants
No
Why this loan?
  • No balloon payments
  • Lower equity requirements
  • Longer-term financing
  • Improved cash flow

SBA 504 loan

SBA Loan Comparison Chart item 2
Down payment
10%1
Use of proceeds
  • Real estate purchase
  • Construction
  • Equipment purchase
  • Refinancing
Loan amount
1st mortgage – no maximum loan amount

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

Structure
90% lender (50% TD Bank, 40% SBA)
10% borrower
Term
Up to 20 years
Balloon
No (typically)2
Amortization
Up to 25 years
Fees
  • Based on project size
  • Can be financed
Covenants
Yes (typically less than conventional)
Why this loan?
  • Typically no balloon payments
  • Lower down payment
  • Longer-term financing
  • Project assets can be used as collateral

Average conventional loan

SBA Loan Comparison Chart item 3
Down payment
25%
Use of proceeds
Varies by lender
Loan amount
Varies by lender
Structure
75% lender
25% borrower
Term
5 – 10 years (typically)
Balloon
Yes
Amortization
20 years (typically)
Fees
Varies by lender
Covenants
Yes
Why this loan?
Less interest paid over life of the loan

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 $350,000 and terms up to 25 years, fully amortizing
  • Advance rate up to 100% on machinery and equipment, up to 85% on business acquisitions
  • Fixed and variable interest rates available
  • Flexible use of proceeds to help maximize business performance

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 amortizing2
  • Collateral must have documented value sufficient to protect the interest of the lender and Agency
  • Fixed and variable interest rates available
  • Loan proceeds for inventory purchase, debt refinance, operations growth and more

Explore more small business solutions

Small Business Resource Center

Access resources, tools, workshops and support for every stage of your business

Small Business Lifecycle Stages

Tools and services to help you start, grow and sell your business

Loan payment calculator

Run the numbers to see what the monthly payment for your small business loan might be
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