TD Bank (Small Business)
SBA Preferred Lender bank: 7(a) loans up to $5M and SBA Express lines to $500K, 10.0% median starting rate, 48-hour Express replies. Best for secured East Coast borrowers.
Rates & Cost
What the financing costs, normalized so lenders can be compared.
Repayment Terms
How and how fast you pay it back, and how flexible it is.
Eligibility & Access
Who qualifies and what you have to put on the line.
Speed & Service
How fast you get funded and how the lender treats you.
Company Verification
Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.
Best for: Owners in TD's East Coast footprint, from Maine to Florida, who want a small SBA Express line or term loan, or a large 7(a) loan of $350K or more for real estate or an acquisition.
Not for: Borrowers who want standing posted rates or an unsecured loan, or who need a small loan priced low; TD's SBA loans of $50K or less had a median starting rate of 10.25%.
Lender List verdict: TD Bank is a $342.8 billion national bank and SBA Preferred Lender that approved 2,289 SBA 7(a) loans worth $363.5 million in the 12 months to June 30, 2026, 94% of them SBA Express, mostly credit lines. Its loans above $350K priced well (median 7.59%), but small loans cost about 10%, every recent loan was secured, and TD posts no standing SBA rates beyond a fall 2026 line promo at WSJ Prime + 3.00%.
TD Bank at a glance
A TD Bank SBA loan can be a 7(a) loan of up to $5 million, an SBA Express line or term loan of up to $500,000, or a 504 loan.
| TD Bank | |
|---|---|
| Lender type | FDIC-insured national bank (cert 18409); SBA Preferred Lender |
| Founded | 1852 (FDIC establishment date) |
| HQ | Wilmington, DE (bank charter) |
| Parent/owner | TD Bank US Holding Company, part of The Toronto-Dominion Bank (Toronto) |
| Products | SBA 7(a), SBA Express, SBA 504, USDA |
| Amounts | SBA up to $5,000,000; USDA up to $25,000,000 (last 12 months: $10,000 to $5,000,000) |
| Cost | 10.0% median starting rate (last 12 months); 3.0% to 14.0% |
| Term | 10 years most common; up to 25 years |
| Funding speed | Express response usually within 48 hours; 7(a) closing time not published |
| Status | Active |
What is TD Bank?
TD Bank is the U.S. arm of Canada's Toronto-Dominion Bank, with $342.8 billion in assets and 1,051 offices at June 30, 2026, per the FDIC. Its charter is in Wilmington, Delaware, but its SBA lending runs up the East Coast: Florida, New York and New Jersey made up 62% of last year's loans.
TD calls itself the top SBA lender on the East Coast by loan count. It also sells conventional lines of up to $1 million, 1- to 5-year term loans and commercial mortgages.
How TD Bank's SBA loans work
TD Bank offers 7(a) loans of up to $5 million, SBA Express loans of up to $500,000, 504 loans for property and equipment, and rural USDA loans of up to $25 million. Requests of $250,000 or less can be filed online; larger ones go through a TD Business Banker or 1-855-278-8988.
- Terms: up to 25 years, fully amortizing, no balloon payment
- Down payment: 10% on 7(a) and 504 loans, versus 25% on TD's conventional loans
- Express decisions: TD says it usually responds within 48 hours
- Current offer: up to $2,000 toward appraisals on 7(a) and 504 applications received by October 31, 2026
TD Bank's SBA programs
TD Bank approved 2,289 SBA 7(a) loans totaling $363,452,500 between July 1, 2025 and June 30, 2026, 94% of them through SBA Express.
| SBA 7(a) metric | TD Bank |
|---|---|
| Last 12 months | 2,289 loans, $363.5M (average $158,782) |
| SBA Express | 2,156 loans, median $50,000; 2,000 were credit lines |
| Preferred Lender (PLP) | 124 loans, median $1,032,500; largest $5,000,000 |
| FY2024 / FY2025 | 3,996 loans, $569.7M / 3,424 loans, $495.2M |
| FY2026 through June | 1,492 loans, $218.5M |
| Reach | 18 states in the last 12 months, led by FL, NY, NJ and MA |
| Charge-offs | 1,037 of 17,740 loans approved since FY2020 |
The top borrower industries in the last 12 months were residential remodelers (118), plumbing/HVAC contractors (71), landscapers (68), local trucking (46) and restaurants (45). Volume is slowing: nine months of FY2026 produced under half of FY2025's count.
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).
TD Bank SBA loan rates and fees
TD Bank's SBA 7(a) loans over the last 12 months started at a median 10.0%, about Prime + 3.25% at the 6.75% Prime in force for most of that period; TD posts no standing SBA rates or spreads, though a promo for applications received Aug 1 to Oct 31, 2026 priced SBA-guaranteed lines at WSJ Prime + 3.00% with auto-pay. Size drives price: loans of $50,000 or less had a median 10.25%, loans of $50,001 to $250,000 10.0%, and loans above $350,000 7.59%, mostly fixed. SBA caps variable rates at Prime + 6.5% for loans up to $50,000, falling to Prime + 3% above $350,000 (10% with Prime at 7.00%).
- Charged: interest; the SBA upfront guaranty fee (2% of the guaranteed share up to $150,000, 3% from $150,001 to $700,000, more above); TD closing fees based on project size, which can be financed
- Not charged: prepayment fees on terms under 15 years; balloon payments; loan covenants on 7(a)
Worked example: a $350,000, 10-year 7(a) loan at TD's 10.0% median costs $4,625.28 a month, or $555,033.09 over 120 payments, including $205,033.09 of interest. The SBA guarantees 75% ($262,500), so the guaranty fee is $7,875; netted from proceeds, the APR is about 10.55%. At 7.5%, TD's median for loans of $250,001 to $350,000, the payment drops to $4,154.56.
TD Bank SBA loan requirements
TD Bank publishes no credit-score, revenue or time-in-business minimum for SBA loans; any small business owner can apply, subject to credit approval and SBA rules.
| Requirement | TD Bank minimum |
|---|---|
| SBA size standard | Business must qualify as small for its industry |
| Personal credit score | Lender does not publish |
| Time in business | None; 47 startups funded in the last 12 months |
| Equity injection | 10% down on 7(a) and 504 loans |
| Bank account | None required; auto-pay from TD Business Checking only for the Aug 1 to Oct 31, 2026 line promo |
| Collateral / guarantee | Collateral on all 2,289 recent loans; personal guarantee from 20%+ owners |
| Time to close | Express response usually within 48 hours; 7(a) and 504 not published |
Pros and cons
TD Bank is strong on scale, quick Express decisions and cheap large loans, and weak on secured-only lending and posted rates.
Pros
- Median 7.59% on 7(a) loans above $350,000, well under the 10% cap
- Express response usually within 48 hours; online applications up to $250,000
- Funds startups (47 last year) and franchises (41)
Cons
- No standing SBA rates, fees or credit minimums posted
- Small loans priced near 10%; median 10.25% at $50,000 or less
- SBA data marks every recent loan as collateralized
- 2024 federal guilty plea over anti-money-laundering failures
TD Bank alternatives on Lender List
For posted SBA rates or a lender outside TD's East Coast footprint, compare Lendistry, iBusiness Funding and Busey Bank.
- Lendistry — SBA 7(a) from $10,000 with posted rates from 8.25% on loans of $350K or less and a 620 credit floor
- iBusiness Funding — national SBA platform (not a lender) quoting 7(a) loans from Prime + 2.75% with a 640 credit floor
- Busey Bank — Midwest SBA Preferred Lender averaging 9.01% on FY2026 SBA 7(a) loans (largest $3.83M)
- Browse all SBA 7(a) loans or SBA Express loans on Lender List
Frequently asked questions about TD Bank
TD Bank's most-searched SBA questions cover rates, requirements and applying.
Is TD Bank a Good SBA Lender? Yes, for secured borrowers in its footprint. TD is an FDIC-insured bank founded in 1852 and an SBA Preferred Lender that made 2,289 SBA loans in a year. In October 2024 it pleaded guilty to federal anti-money-laundering charges and paid $1.89 billion; customer reviews are weak (Trustpilot 1.4/5, 344 reviews).
What Are TD Bank's SBA Loan Rates? TD posts no standing SBA rates; a promo for applications received Aug 1 to Oct 31, 2026 priced SBA-guaranteed lines at WSJ Prime + 3.00% with auto-pay. Its SBA 7(a) loans in the year to June 30, 2026 started at a median 10.0%, and 7.59% above $350,000.
What Are TD Bank's Business Loan Requirements? TD lists no minimum credit score, revenue or time in business. For SBA loans you must meet SBA size and eligibility rules, put 10% down on 7(a) and 504 loans, pledge collateral, and give a personal guarantee if you own 20% or more.
Can I Apply for a TD Bank Business Loan Online? Yes, for up to $250,000. TD's small business portal takes online applications at that size, including SBA Express requests. For 7(a), 504 or line requests above $250,000, you work with a TD Business Banker or call 1-855-278-8988. The phone line is staffed Monday to Friday, 8:30 a.m. to 5 p.m. ET.
How Long Does TD Bank Take to Close an SBA Loan? TD says it usually answers SBA Express requests within 48 hours but publishes no closing time for 7(a) or 504 loans, which often take several weeks or longer to fund. Requests of $250,000 or less can be started online through TD's small business portal.
Does TD Bank Lend to Startups? Yes. TD says any small business owner can apply, and 47 of its 2,289 SBA 7(a) loans in the 12 months to June 30, 2026 went to businesses that had not yet opened. Expect a 10% down payment, collateral and a personal guarantee.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
Best for: Owners in TD's East Coast footprint, from Maine to Florida, who want a small SBA Express line or term loan, or a large 7(a) loan of $350K or more for real estate or an acquisition.
Not for: Borrowers who want standing posted rates or an unsecured loan, or who need a small loan priced low; TD's SBA loans of $50K or less had a median starting rate of 10.25%.
Lender List verdict: TD Bank is a $342.8 billion national bank and SBA Preferred Lender that approved 2,289 SBA 7(a) loans worth $363.5 million in the 12 months to June 30, 2026, 94% of them SBA Express, mostly credit lines. Its loans above $350K priced well (median 7.59%), but small loans cost about 10%, every recent loan was secured, and TD posts no standing SBA rates beyond a fall 2026 line promo at WSJ Prime + 3.00%.
TD Bank at a glance
A TD Bank SBA loan can be a 7(a) loan of up to $5 million, an SBA Express line or term loan of up to $500,000, or a 504 loan.
| TD Bank | |
|---|---|
| Lender type | FDIC-insured national bank (cert 18409); SBA Preferred Lender |
| Founded | 1852 (FDIC establishment date) |
| HQ | Wilmington, DE (bank charter) |
| Parent/owner | TD Bank US Holding Company, part of The Toronto-Dominion Bank (Toronto) |
| Products | SBA 7(a), SBA Express, SBA 504, USDA |
| Amounts | SBA up to $5,000,000; USDA up to $25,000,000 (last 12 months: $10,000 to $5,000,000) |
| Cost | 10.0% median starting rate (last 12 months); 3.0% to 14.0% |
| Term | 10 years most common; up to 25 years |
| Funding speed | Express response usually within 48 hours; 7(a) closing time not published |
| Status | Active |
What is TD Bank?
TD Bank is the U.S. arm of Canada's Toronto-Dominion Bank, with $342.8 billion in assets and 1,051 offices at June 30, 2026, per the FDIC. Its charter is in Wilmington, Delaware, but its SBA lending runs up the East Coast: Florida, New York and New Jersey made up 62% of last year's loans.
TD calls itself the top SBA lender on the East Coast by loan count. It also sells conventional lines of up to $1 million, 1- to 5-year term loans and commercial mortgages.
How TD Bank's SBA loans work
TD Bank offers 7(a) loans of up to $5 million, SBA Express loans of up to $500,000, 504 loans for property and equipment, and rural USDA loans of up to $25 million. Requests of $250,000 or less can be filed online; larger ones go through a TD Business Banker or 1-855-278-8988.
- Terms: up to 25 years, fully amortizing, no balloon payment
- Down payment: 10% on 7(a) and 504 loans, versus 25% on TD's conventional loans
- Express decisions: TD says it usually responds within 48 hours
- Current offer: up to $2,000 toward appraisals on 7(a) and 504 applications received by October 31, 2026
TD Bank's SBA programs
TD Bank approved 2,289 SBA 7(a) loans totaling $363,452,500 between July 1, 2025 and June 30, 2026, 94% of them through SBA Express.
| SBA 7(a) metric | TD Bank |
|---|---|
| Last 12 months | 2,289 loans, $363.5M (average $158,782) |
| SBA Express | 2,156 loans, median $50,000; 2,000 were credit lines |
| Preferred Lender (PLP) | 124 loans, median $1,032,500; largest $5,000,000 |
| FY2024 / FY2025 | 3,996 loans, $569.7M / 3,424 loans, $495.2M |
| FY2026 through June | 1,492 loans, $218.5M |
| Reach | 18 states in the last 12 months, led by FL, NY, NJ and MA |
| Charge-offs | 1,037 of 17,740 loans approved since FY2020 |
The top borrower industries in the last 12 months were residential remodelers (118), plumbing/HVAC contractors (71), landscapers (68), local trucking (46) and restaurants (45). Volume is slowing: nine months of FY2026 produced under half of FY2025's count.
Source: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).
TD Bank SBA loan rates and fees
TD Bank's SBA 7(a) loans over the last 12 months started at a median 10.0%, about Prime + 3.25% at the 6.75% Prime in force for most of that period; TD posts no standing SBA rates or spreads, though a promo for applications received Aug 1 to Oct 31, 2026 priced SBA-guaranteed lines at WSJ Prime + 3.00% with auto-pay. Size drives price: loans of $50,000 or less had a median 10.25%, loans of $50,001 to $250,000 10.0%, and loans above $350,000 7.59%, mostly fixed. SBA caps variable rates at Prime + 6.5% for loans up to $50,000, falling to Prime + 3% above $350,000 (10% with Prime at 7.00%).
- Charged: interest; the SBA upfront guaranty fee (2% of the guaranteed share up to $150,000, 3% from $150,001 to $700,000, more above); TD closing fees based on project size, which can be financed
- Not charged: prepayment fees on terms under 15 years; balloon payments; loan covenants on 7(a)
Worked example: a $350,000, 10-year 7(a) loan at TD's 10.0% median costs $4,625.28 a month, or $555,033.09 over 120 payments, including $205,033.09 of interest. The SBA guarantees 75% ($262,500), so the guaranty fee is $7,875; netted from proceeds, the APR is about 10.55%. At 7.5%, TD's median for loans of $250,001 to $350,000, the payment drops to $4,154.56.
TD Bank SBA loan requirements
TD Bank publishes no credit-score, revenue or time-in-business minimum for SBA loans; any small business owner can apply, subject to credit approval and SBA rules.
| Requirement | TD Bank minimum |
|---|---|
| SBA size standard | Business must qualify as small for its industry |
| Personal credit score | Lender does not publish |
| Time in business | None; 47 startups funded in the last 12 months |
| Equity injection | 10% down on 7(a) and 504 loans |
| Bank account | None required; auto-pay from TD Business Checking only for the Aug 1 to Oct 31, 2026 line promo |
| Collateral / guarantee | Collateral on all 2,289 recent loans; personal guarantee from 20%+ owners |
| Time to close | Express response usually within 48 hours; 7(a) and 504 not published |
Pros and cons
TD Bank is strong on scale, quick Express decisions and cheap large loans, and weak on secured-only lending and posted rates.
Pros
- Median 7.59% on 7(a) loans above $350,000, well under the 10% cap
- Express response usually within 48 hours; online applications up to $250,000
- Funds startups (47 last year) and franchises (41)
Cons
- No standing SBA rates, fees or credit minimums posted
- Small loans priced near 10%; median 10.25% at $50,000 or less
- SBA data marks every recent loan as collateralized
- 2024 federal guilty plea over anti-money-laundering failures
TD Bank alternatives on Lender List
For posted SBA rates or a lender outside TD's East Coast footprint, compare Lendistry, iBusiness Funding and Busey Bank.
- Lendistry — SBA 7(a) from $10,000 with posted rates from 8.25% on loans of $350K or less and a 620 credit floor
- iBusiness Funding — national SBA platform (not a lender) quoting 7(a) loans from Prime + 2.75% with a 640 credit floor
- Busey Bank — Midwest SBA Preferred Lender averaging 9.01% on FY2026 SBA 7(a) loans (largest $3.83M)
- Browse all SBA 7(a) loans or SBA Express loans on Lender List
Frequently asked questions about TD Bank
TD Bank's most-searched SBA questions cover rates, requirements and applying.
Is TD Bank a Good SBA Lender? Yes, for secured borrowers in its footprint. TD is an FDIC-insured bank founded in 1852 and an SBA Preferred Lender that made 2,289 SBA loans in a year. In October 2024 it pleaded guilty to federal anti-money-laundering charges and paid $1.89 billion; customer reviews are weak (Trustpilot 1.4/5, 344 reviews).
What Are TD Bank's SBA Loan Rates? TD posts no standing SBA rates; a promo for applications received Aug 1 to Oct 31, 2026 priced SBA-guaranteed lines at WSJ Prime + 3.00% with auto-pay. Its SBA 7(a) loans in the year to June 30, 2026 started at a median 10.0%, and 7.59% above $350,000.
What Are TD Bank's Business Loan Requirements? TD lists no minimum credit score, revenue or time in business. For SBA loans you must meet SBA size and eligibility rules, put 10% down on 7(a) and 504 loans, pledge collateral, and give a personal guarantee if you own 20% or more.
Can I Apply for a TD Bank Business Loan Online? Yes, for up to $250,000. TD's small business portal takes online applications at that size, including SBA Express requests. For 7(a), 504 or line requests above $250,000, you work with a TD Business Banker or call 1-855-278-8988. The phone line is staffed Monday to Friday, 8:30 a.m. to 5 p.m. ET.
How Long Does TD Bank Take to Close an SBA Loan? TD says it usually answers SBA Express requests within 48 hours but publishes no closing time for 7(a) or 504 loans, which often take several weeks or longer to fund. Requests of $250,000 or less can be started online through TD's small business portal.
Does TD Bank Lend to Startups? Yes. TD says any small business owner can apply, and 47 of its 2,289 SBA 7(a) loans in the 12 months to June 30, 2026 went to businesses that had not yet opened. Expect a 10% down payment, collateral and a personal guarantee.
Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.
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