Small Business Loans
Why choose a business term loan?
- Term loans are generally used for the purchase of large ticket items, such as a vehicle or equipment, with the term matching the useful life of the item purchased.
- Interest on business term loans may be deducted as a normal business operating expense for tax purposes.1
- These types of small business loans offer a steady amortization schedule to help you budget your expenses – giving you a fixed monthly payment for a fixed number of years.
- Payments are automatically deducted from your checking account.
- A 1% rate discount is given when your payment is automatically deducted from your TD Bank small business checking account.
Compare TD Bank Small Business Loans to see which is right for you.
||Fixed or Variable Rate
||What you should know
|Commercial Real Estate Mortgage
||Up to $1,000,0002
||5-year term, up to 20-year amortization
||$10,000 to $1,000,0002
||3 to 7 years amortization3
- Secured by vehicle or equipment, which is considered a depreciable asset1
|Lines of Credit
||$10,000 to $500,0002
Learn more about Lines of Credit
||On demand, interest only
- Secured by business assets, real estate, etc.
- Short term working capital needs
- Used for working capital
||Learn more about Small Business Association loans
- Partially guaranteed by federal government
For questions about our small business loan comparison chart or help deciding which type of loan is right for your business, contact a TD Small Business Specialist