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Small Business Administration (SBA) Loan Programs
TD Bank, a Preferred SBA Lender and #1 on the East Coast.*
Learn more about and compare SBA 7(a), 504, Express and USDA Loans below.
SBA Loan Essentials
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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.
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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.
Find the right loan for your business
SBA 7(a) loan |
SBA 504 loan |
Average conventional loan |
|
---|---|---|---|
Down payment |
10%1 |
10%1 |
25% |
Use of proceeds |
|
|
Varies by lender |
Loan amount |
Up to $5 million |
1st mortgage – no maximum loan amount 2nd mortgage – maximum of $5 million –$5.5 million depending on industry |
Varies by lender |
Structure |
90% lender |
90% lender (50% TD Bank, 40% SBA) |
75% lender |
Term |
Up to 25 years |
Up to 20 years |
5 – 10 years (typically) |
Balloon |
No |
No (typically)2 |
Yes |
Amortization |
Up to 25 years |
Up to 25 years |
20 years (typically) |
Fees |
|
|
Varies by lender |
Covenants |
No |
Yes (typically less than conventional) |
Yes |
Why this loan? |
|
|
Less interest paid over life of the loan |