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Business Accelerator Loan Program (BALP)
Last Update: January 19, 2026
Canada
Guaranteed financing to support small business operating cash flow needs
Loans and Capital investments
At a glance
Funding available
Financing goals
No objectives are currently available
Eligible Funding
- Maximum amount : 500,000 $
- Minimum amount : 25,000 $
- Up to 1% of project cost
Timeline
- Unspecified
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- $ 10,000,000 maximum revenue
Organisation size
- All organization sizes
Audience
- Canadians
- Startups
Overview
The TD Business Accelerator Loan Program (BALP), supported by a BDC guarantee, provides loans of up to $500,000 to help Canadian businesses manage operating cash flow. Funding must be used exclusively for day-to-day operating cash flow needs tied to revenue from the sale of goods or services.
Activities funded
- Financing a Canadian business’s day-to-day operations by funding operating cash flow needs.
Eligibility
- The applicant must be a Canadian business that has been in continuous operations for at least 12 months.
- The business must have annual gross revenue under $10 million CAD in the year of application.
- The business must generate revenue from the sale of goods or services.
- The loan must be used exclusively to fund the business’s operating cash flow needs (day-to-day operations).
- The applicant must meet additional eligibility requirements and conditions set by TD/BDC.
Eligible expenses
- Operating cash flow needs for day-to-day business operations.
Eligible geographic areas
- Canada (Canadian businesses)
How to apply
1
Check BALP eligibility
- Confirm the business is Canadian and has operated continuously for 12 months
- Confirm annual gross revenue is under $10 million CAD in the application year
- Confirm revenue comes from selling goods or services
2
Confirm intended use of funds
- Confirm the loan will be used exclusively for operating cash flow needs
3
Review loan terms and fees
- Review the financing terms (loan $25,000–$500,000; amortization up to 6 years)
- Note floating interest rate options based on TD Prime Rate with no prepayment penalties
- Plan for personal guarantees and a one-time BDC guarantee fee of 1% of the loan amount
4
Contact TD to apply
- Contact a TD Account Manager to discuss business needs and additional eligibility conditions
- Alternatively, call TD to ask questions (1-866-222-3456)
Additional information
- The program is a financing option offered through TD and supported by a guarantee from the Business Development Bank of Canada (BDC).
- Floating interest rate options are available based on the TD Prime Rate, with no prepayment penalties.
- A one-time BDC guarantee fee of 1% of the loan amount applies.
- Personal guarantees are required.
Contacts
1-866-222-3456
Canada
Apply to this program
Frequently Asked Questions about the Business Accelerator Loan Program (BALP) Program
Here are answers to the most common questions about the Business Accelerator Loan Program (BALP). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Business Accelerator Loan Program (BALP)?
How much funding can be received?
What expenses are eligible under Business Accelerator Loan Program (BALP)?
What is the deadline to apply?
Is the Business Accelerator Loan Program (BALP) a grant, loan, or tax credit?
Who are the financial supporters of the Business Accelerator Loan Program (BALP)?
Who is eligible for the Business Accelerator Loan Program (BALP) program?
Who can I contact for more information about the Business Accelerator Loan Program (BALP)?
Where is the Business Accelerator Loan Program (BALP) available?
Are startups eligible for the Business Accelerator Loan Program (BALP) program?
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