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Grow your business with a Canada Small Business Financing Line of Credit (CSBF LOC)
With a Canada Small Business Financing Line of Credit, TD Canada Trust and the Government of Canada work together
to help you finance the working capital needs of your business and fund day-to-day operating expenses.
Want to know more?
Here’s what we offer
- Line of credit of up to $150,0001 2
• This is in addition to the $1,000,000 Canada Small Business Financing Loan maximum
- Maximum term of five years, which can be renewed for another five years, with an option to convert to a term loan2
- Registration fee of 2% of the total authorized line of credit amount2
• You can pay the fee upfront or finance it using the line of credit, provided you do not exceed the maximum authorized line of credit limit
- TD Business Credit Protection4
• TD Business Credit Protection4 can help you pay toward the outstanding balance on your business credit if you experience a covered health event
Eligibility Requirements5 for a CSBF LOC
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Your business operates or is about to operate in Canada with assets held in Canada for the purpose of operating the business (includes not for profit, charitable and religious organizations that carry on a business)
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Your business1 annual gross revenue is less than $10 million in the year you are approved
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Your business offers its services or products to the public, and is not a farming business
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Eligible working capital costs must be incurred not more than 365 days before the line of credit is approved
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Personal guarantee(s) and business asset security are required3
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For more information and additional government requirements, visit the Industry Canada website
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