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Commercial Borrowing

Canada's banking system has been recognized as the soundest in the world for eight years in a row (World Economic Forum, 2014).

The country's "Big Five" banks are operationally headquartered in Toronto. In all, there are 44 bank subsidiaries located in Toronto, providing businesses a variety of options when seeking out capital.

Toronto's main chartered banks offer a variety of methods for businesses of all sizes to access capital. Domestic banks, which account for 46.7% of Canada's new loans market, continued to lend aggressively in the second half of 2013, increasing loan disbursals to businesses by 7.3%. This followed a 7.9% increase in disbursals in the first half of 2012 (Biannual Survey of Suppliers of Business Financing).

In 2013, 30% of small and medium enterprises applied for new or additional financing, with 85% of all applicants across Canada receiving approval.
Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (CIBC)

Royal Bank

Royal Bank of Canada

  • Small Business - annual sales of less than $1 million, less than 10 employees.
  • Commercial - annual sales of more than $1 million, 10 or more employees.


  • Small Business - access to credit cards, lines of credit, business loans and leases and mortgages.
TD Canada Trust

TD Canada Trust

  • Small Business - Business Line of Credit, Interest Only Term Loan, Small Business Financing.
  • Financial Services - Operating Credit, Term Loans, Asset Based Lending (commercial financing based on accounts receivable and inventory used as collateral to provide companies with working capital.

Additional Banks