Bank alternatives

TD business loan alternatives: when the bank says no, or not yet.

TD Bank Group is one of Canada's largest banks, with a large branch network and extended branch hours in many locations.

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✓ Checking what you qualify for does not affect your credit score.

What can a business do when TD says no or not yet?

Short answer: Ask TD what it would need to see in your next six months of statements and whether your deposit history could support a small line. If the need cannot wait, a deposit-based advance can be reviewed on your bank statements in days, and TD can remain your long-term lender.

Key facts

TD traces its roots to Toronto banks of the 1850s
Extended branch hours in many locations
Offers Canada Small Business Financing Program loans
Credit decisions follow standardized large-bank criteria

About TD

TD Bank Group is one of Canada's largest banks, with a large branch network and extended branch hours in many locations. It offers small business accounts, credit cards, lines of credit, loans and Canada Small Business Financing Program loans.

Its branch presence makes in-person relationships accessible for owners who prefer face-to-face banking.

TD traces its roots to banks founded in Toronto in the 1850s and is now one of North America's largest banks, with a major US retail presence. Owners who value long branch hours and in-person service often bank with TD; its credit decisions still follow the standardized approach of a large institution.

Questions to ask your TD banker

What would TD need to see in my next six months of statements?
Can my existing TD deposit history support a small line?
Does TD offer government-backed financing for my equipment?

How bank business lending usually works

TD small business credit applications commonly start with an advisor and a review of your financial history.
Expect questions about revenue trends, profitability and how existing debt is serviced.
Collateral and personal guarantees are standard for small business loans.
Existing TD clients with a deposit history may find the process smoother than newcomers.
Government-backed loans can help finance equipment and leasehold improvements for eligible businesses.

Where owners run into friction

Businesses that need funds faster than a credit process allows.
Owners with credit challenges despite healthy revenue.
Businesses with mostly e-transfer or invoice revenue and thin financial statements.
Requests below what a bank considers worthwhile for a full credit review.

When deposit-based funding fits

When a TD application is pending or declined, a deposit-based review reads revenue directly from bank statements. It can fund a defined need in days, at a higher cost than bank credit.

Use it for short, specific purposes and keep working toward bank credit.

Using your bank and an advance together

A common pattern is to keep the TD operating account and card, use an advance for an urgent purchase or seasonal gap, and reapply to the bank once the financial record is stronger.

Source and date

Information about TD is based on its public website, www.td.com, as of October 2026. Product availability and criteria change. Merchant Fund Express is not affiliated with TD.

Where Canadian files usually start

Monthly revenueTypically from around $20,000 a month in deposits for Canadian files. The exact line varies by funder and by file.

Time in businessTypically about 12 months. Newer businesses can be reviewed, but the options narrow.

Account healthLimited low-balance or negative days. Funders read the last few months of bank statements for this.

CreditScores from 500 are considered. A score of 600 or higher opens more options and better offers.

DocumentsA signed application and recent business bank statements, typically the last four months.

Existing advancesFiles with an existing advance can be reviewed, including second position.

Common questions

Does TD offer CSBFP loans?

Many major banks participate. Check with TD for current offerings.

Can I apply for both?

Yes. Disclose any advance to your bank.

What if TD declined me?

Ask why, fix what you can and consider a smaller deposit-based advance for urgent needs.