Ukraine
USA
Austria
Pros&Cons
- Open to a wide range of business profiles, including startups
- High maximum loan amounts available
- Broad mix of loan and credit products
- In-person support through local branches
- Flexible loan structures and terms
- Lending limited to select U.S. states
- Some applications require branch visits
- Rates and terms not fully transparent upfront
- Traditional underwriting requirements
- Smaller national footprint than major banks
What Types of Businesses Are Typically Financed?
Business structure
For-profit entities including LLCs, corporations, partnerships, and sole proprietorships.
Business stage
No publicly stated minimum time-in-business requirement; both startups and established businesses may be considered depending on loan type.
Industries
Broad commercial industries including professional services, retail, hospitality, healthcare, construction, and real estate; no specific industry restrictions publicly listed.
Geography
Businesses located within TD Bank’s U.S. operating footprint (15 states and Washington, D.C.).
Use of funds
Working capital, equipment purchases, expansion, real estate financing, debt refinancing, and general business needs.
Financial profile
Demonstrated ability to repay debt; stable revenue and acceptable credit history evaluated during underwriting.
Ownership
Identifiable business ownership required; personal guarantees may be required depending on loan structure.
U.S. bank account
May be required for funding and repayment setup.
EIN / SSN / ITIN
Business EIN required; SSN required for principal owners (standard commercial lending identification).
What Business Loan Products Are Available?
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Loan
DescriptionApply nowOne-time financing designed to support equipment purchases, business expansion, renovations, or working capital needs.
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Line of Credit
DescriptionApply nowFlexible access to funds that helps cover ongoing business expenses and manage day-to-day cash flow.
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Commercial Mortgage
DescriptionApply nowFinancing solutions for purchasing, refinancing, or investing in commercial real estate properties.
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SBA Loan Programs
DescriptionApply nowFlexible government-backed financing for business growth, expansion, and working capital needs.
What Documents Are Required to Apply?
TD Bank evaluates business loan applications using standard commercial underwriting that reviews financial performance, credit history, and the purpose of financing. Required documentation varies by loan type and deal complexity, but borrowers should expect to provide a comprehensive financial and operational package.
Business Financials
Business tax returns (typically 2–3 years), profit and loss statements, balance sheets, cash flow statements, business bank statements, and a schedule of existing debt.
Owner Financials & Identity
Personal tax returns of principal owners, personal financial statements, government-issued identification, and credit authorization.
Legal & Tax Documents
Business formation documents (articles of incorporation or organization), EIN confirmation, business licenses if applicable, and ownership structure documentation.
Loan Purpose & Operations
Written explanation of loan purpose, business plan or financial projections (if required), operational overview, and supporting documentation such as contracts or purchase agreements.
Real Estate & Collateral
Property appraisals, lease agreements, equipment lists or valuations, and documentation of pledged collateral, depending on loan structure.
Create a Bank-Ready Business Plan in Minutes
40+ bank-approved structure
Easily generate a financial plan
60+ Page AI PDF in 5 Minutes
Modern design, no extra editing
How Does the Business Loan Application Process Work?
Initial inquiry and consultation
Borrower connects with a TD Bank lending specialist to discuss financing needs and basic eligibility.
1–3 business days
Applying without a clear loan purpose or funding structure.
Product matching and pre-screening
Banker evaluates business profile and aligns the request with the appropriate loan program.
2–5 business days
Choosing a loan type that doesn’t match business stage or collateral profile.
Application and documentation submission
Borrower completes application and provides financial, ownership, and operational documentation.
3–10 business days (borrower-dependent)
Incomplete financial records or inconsistent tax filings.
Underwriting and credit review
Credit team evaluates repayment capacity, financial trends, credit history, and collateral if applicable.
1–3 weeks (conventional) / 3–6 weeks (SBA or complex deals)
Slow responses to lender requests; weak debt service coverage.
Approval and loan structuring
Final terms, guarantees, and conditions are issued and reviewed with the borrower.
2–5 business days
Not reviewing guarantees or covenants carefully.
Closing and funding
Legal documentation is executed and funds are disbursed to the business account.
3–7 business days
Delays in providing closing documentation or account setup.
What Do Customers Say?
May
Manassas, VA
TD Bank is very friendly, very good customer service. Good bank, easy to communicate and speak with a real person, not like other banks. I recommend highly to open an account with...
Read more
Annette
Riverhead, NY
TD Bank makes banking a pleasant experience. Their app and website make checking balances and paying bills a breeze. Customer service, whether at the bank or on the phone, is a pl...
Read moreCommon Reasons for Loan Denial — and What to Do Next
Reason for Denial
What to Do
Insufficient or inconsistent cash flow
01
Improve revenue stability and demonstrate stronger debt service coverage before reapplying.
Limited operating history
02
Build a longer performance track record and reapply once financial stability is demonstrated.
High existing debt obligations
03
Reduce leverage or restructure current liabilities to strengthen repayment capacity.
Incomplete or inconsistent documentation
04
Reconcile financial statements and tax filings into a consistent, verifiable reporting package.
Unclear loan purpose
05
Clearly define how funds will be used and how financing supports business performance.
How Growexa Helps You Get Approved Faster
Bank evaluates business loan applications through structured underwriting, where cash flow, debt load, and loan purpose must align clearly. Growexa helps you prepare a Bank-ready business plan that matches how the bank reviews applications during underwriting.
Pre-qualification before applying
Validate cash flow, debt capacity, and loan size before approaching the bank.
Matching with the right lender
Position your business plan based on lender criteria and loan type.
Reducing rejection risk
Align financials, projections, and loan purpose into one coherent, bank-ready plan.
Working with multiple banks at once
Use the same structured business plan across multiple lenders without reworking it.
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Pre-qualification before applying Validate cash flow, debt capacity, and loan size before approaching the bank.
Matching with the right lender Position your business plan based on lender criteria and loan type.
-
Reducing rejection risk Align financials, projections, and loan purpose into one coherent, bank-ready plan.
Working with multiple banks at once Use the same structured business plan across multiple lenders without reworking it.
Growexa helps you prepare a bank-ready business plan that speaks the language of lenders—so you can move through underwriting faster and with fewer rejections.
FAQ
01
Does TD Bank lend to startups?
TD Bank does not publicly state a minimum time-in-business requirement and may consider newer businesses depending on the loan type and overall credit profile.
02
What types of business loans does TD Bank offer?
TD Bank provides term loans, business lines of credit, SBA loans, commercial real estate financing, and other structured commercial lending solutions.
03
Do I need an existing TD Bank account to apply?
A banking relationship may be required for funding and repayment setup, and some loan products may involve working directly with a local branch.
04
How long does the approval process take?
Timelines vary by loan type and complexity. Conventional loans may move faster, while SBA and larger commercial transactions typically require full underwriting and additional review time.
05
Are interest rates publicly disclosed?
Rates and loan terms are determined individually based on credit profile, loan structure, collateral, and overall risk assessment.
