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TD Canada Trust announces Interest Only Term Loans for Business customers
- 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 http://www.tdcanadatrust.com/smallbusiness/interestonly. 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: Kelly Hechler, Media Relations, TD Bank Financial Group, (416) 982-2469, Kelly.email@example.com
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