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You asked: Which kind of Small Banking loan is best for me: line of credit, term or commercial real estate loan

We matched that to: Which kind of Small Banking loan is best for me: line of credit, term or commercial real estate loan?

Your TD Bank Small Business Lending Officer or Store Manager will help you to determine which loan is best for you. The term of the loan should always be based on the purpose for which the loan is intended.

  • A general rule is, if you are in need of working capital, then a line of credit is best for you.
  • A loan used to purchase current assets, for example, is repaid at liquidation of those assets.
  • Term loans are generally used for the purchase of large ticket items, such as a vehicle, with the term matching the depreciation schedule of the item purchased.
  • A commercial real estate loan is secured by real estate.
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