- Interest Only Loan makes it easier for businesses to "go green"
TORONTO, July 29 /CNW/ - TD Canada Trust announced today the introduction
of its new Interest Only Term Loan for Small Business Banking (SBB) and
Agriculture customers. One of a number of products of its kind in the market,
the loan defers principal repayment for up to 12 months.
The Interest Only Term Loan is designed for small business and
agriculture customers who need to purchase equipment or machinery to help
increase productivity, or to reduce their environmental footprint. The loan
provides some much needed flexibility and cash flow relief while new equipment
is being installed, tested and debugged. By assisting customers with
modernization, it can also lead to greater energy efficiency and cost savings.
"The Interest Only Term Loan is the ideal solution for businesses who
want to upgrade or go green. It provides the financial flexibility and
breathing space they need until they can get their new equipment into
production," said Nick Stitt, VP Business Banking, TD Canada Trust.
The Interest Only Term Loan is for qualified customers who have been in
business for a minimum of two years, require interest only payments for up to
12 months, and qualify for loan amounts between $10,000 and $500,000.
To apply for the Interest Only Term Loan go to any TD Canada Trust branch
and for more information go to
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group is the seventh largest bank
in North America by branches and serves approximately 17 million customers in
four key businesses operating in a number of locations in key financial
centres around the globe: Canadian Personal and Commercial Banking, including
TD Canada Trust; Wealth Management, including TD Waterhouse and an investment
in TD Ameritrade; U.S. Personal and Commercial Banking through
TD Banknorth and Commerce; and Wholesale Banking, including TD Securities.
TD Bank Financial Group also ranks among the world's leading on-line financial
services firms, with more than 5.5 million on-line customers.
TD Bank Financial Group had CDN$503.6 billion in assets as of April 30, 2008.
The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges
under the symbol "TD", as well as on the Tokyo Stock Exchange.
For further information:
For further information: Kelly Hechler, Media Relations, TD Bank
Financial Group, (416) 982-2469, Kelly.firstname.lastname@example.org