TD Bank Business Loans Review

TD Bank Business Loans Review

Which Business Loans Does TD Bank Offer?

  • Lines of credit.
  • Term loans.
  • Commercial real estate loans.
  • Small Business Administration loans.
  • U.S. Department of Agriculture loans.

How Can TD Bank Loans Be Used?

TD Bank doesn’t publicly state which industries are ineligible for any of their business loans and financing.

How Do TD Bank Loans Work?

You can apply online if you’re asking for under $100,000 in financing. If you’re asking for more, you will have to go to a TD Bank branch. To apply, you will need to provide your address, tax ID number or Social Security number and driver’s license or other government-issued ID.

TD Bank loans can be approved within two business days if $250,000 or less. For more than $250,000, it takes three business days. TD Bank doesn’t disclose how quickly funds will be disbursed.

What Are TD Bank’s Terms, Fees and Conditions?

Lines of credit are available from $25,000 to $500,000. Term loans range from $10,000 to $1 million, not including SBA products, and repayment is from one to five years. Terms vary by loan product. TD Bank does not disclose its origination fees.

How Can You Qualify for a TD Bank Loan?

TD Bank does not disclose standards for minimum years in business, minimum credit score, minimum annual revenue or the availability of prequalification. Collateral requirements vary by product.

What Credit Score Do You Need?

TD Bank does not disclose credit score requirements.

Where Does TD Bank Operate?

TD Bank has branches in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and Washington D.C.

Is TD Bank Reputable?

TD Bank has been accredited with the Better Business Bureau since 2002 and has an A- rating. It rates a bad 1.3 out of 5 stars from over 1,400 reviews on Trustpilot.

How Is TD Bank’s Customer Service?

If you need to contact TD Bank, you can call 855-278-8988; representatives are available Monday through Friday from 8:30 a.m. to 5 p.m. Eastern Time.

What Are Some of TD Bank’s Online Features?

TD Bank’s application process and account management are online. However, if you are applying for a loan over $100,000, you must do so at a branch.

  • Businesses that want to choose from multiple loan options.
  • Businesses that are in one of the states TD Bank serves.

Source link

Leave a Comment

Your email address will not be published.