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Small Business Financing

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small business financing

Helping you start, purchase or grow your business

How to apply

Government Grants for Small Business

With a Canada Small Business Financing Act Loan (CSBFL), TD Canada Trust and the Government of Canada work together to help you with the financing of your existing business or start-up. A CSBFL can help you get the loan you need to expand, purchase, or improve the fixed assets within your business.

Features of the CSBFL include:

  • Loan amounts available up to $1,000,0001
  • Financing available for up to 90% of the "Eligible Costs"2 of assets financed
  • Monthly repayment frequency with a choice of terms, up to a maximum of 10 years. A repayment schedule reflecting an amortization of up to 20 years may be available3
  • Competitive fixed and floating interest rates are available
  • Personal guarantee required, starting at 25% of the loan amount4
  • Loan may only be used for certain purposes
  • One-time Federal Government registration fee of 2% of the loan amount (which may be included in the amount borrowed)
  • A 1.25% Administration Fee is included as part of your interest rate
  • Standard TD Canada Trust Set-up fees apply

Do you qualify?

Here are some of the government's requirements5 for a CSBFL:

  • Your business operates or is about to operate in Canada
  • Your business’s annual gross revenue is less than $10 million in the year you apply
  • Your business is for profit, and is not a farm, charity, or religious enterprise
  • The assets purchased or improved must be used in your business

For more information about government requirements,
visit the Industry Canada web site.

Protection for your Business Loan

Business Credit Life Insurance can help meet the financial obligations of your business should a person who is key to the success of your business die or suffer a covered accident. Get the coverage your business needs.

TD® Aeroplan® Visa* Business Card

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Multi-unit property mortgages

We can help you build a customized mortgage for multi-unit residential properties (5+ units).