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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.

Next Steps

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.

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1. These are general tax guidelines. Please consult your tax advisor to discuss your specific situation.

2. Subject to credit approval.

3. Other terms may be available.