The specs
BluevineTD Bank Business Loan
Product typeLOCMulti-product
Amount range$10K – $250K$10K – $100K (TD Bank Small Business Loan / Express); $25K – $1M (term + LOC); $250K – $5M (SBA 7(a))
Cost (factor / APR)APR 6.2% – 27% (LOC)APR 7.5% – 14% (term + LOC, relationship-priced); SBA Prime + 2.25 – 2.75%
Speed to fund1 – 3 business days3 – 7 business days (Express ≤ $100K, existing customers); 7 – 14 business days (term + LOC); 30 – 60 days (SBA — TD is PLP)
Min time in business12 months24 months
Min monthly revenue$10,000$15,000+/mo typical for unsecured products
Min credit score625+680+
Products
- Line of credit
- Invoice factoring
- TD Small Business Loan
- Business term loans
- Business LOC
- SBA 7(a)
- SBA 504
- Equipment financing
- Commercial real estate
Verdicts by use case
- Established East Coast TD depositor with 24+ months TIB and 680+ FICO needing ≤ $100K — Winner: TD Bank Business Loan. As of 2026-06-28 TD Express at 8.5 – 12% APR closes in 3 – 7 business days for existing depositors — meaningfully cheaper than Bluevine. Bluevine LOC funds in 1 – 3 business days at 6.2 – 27% APR (realistic middle quotes 14 – 18%). For TD depositors in the core I-95 corridor footprint with preserved relationship history the bank channel is structurally cheaper despite the slight speed gap, and the gap is narrow enough that most merchants will prioritize the cost savings.
- Newer business between 12 and 24 months TIB — Winner: Bluevine. TD's 24+ months TIB floor is firm. Bluevine's 12+ months TIB floor is reachable for businesses in the 12 – 24 month window. For merchants in that band Bluevine is the only structural option in this pair, providing standing LOC capacity until the merchant can qualify for TD pricing at month 24.
- Revolving credit with consistent standing capacity above $100K — Winner: Bluevine. Bluevine LOC is a true revolving line — draw, repay, redraw without re-underwriting, up to $250K with consistent committed capacity at the approved limit. TD Express caps at $100K and is a fixed-amortization term loan, not a revolving line. TD's standard Business LOC scales to $1M but operates with periodic review. For genuinely flexible revolving capacity above $100K Bluevine's product shape is structurally cleaner.
- Out-of-footprint merchant (e.g. TX, CA, IL) needing fast small-ticket credit — Winner: Bluevine. TD's branch network is concentrated on the East Coast — out-of-footprint merchants operate through national correspondent channels at quotes near the upper end of the relationship-priced range, with timeline stretching to 10 – 14 business days. Bluevine is footprint-agnostic — fully digital approval and 1 – 3 business day funding regardless of state. For merchants outside the Maine-to-Florida East Coast corridor Bluevine is materially faster and similarly priced once TD's out-of-footprint pricing is factored in.
- SBA 7(a) deal in $250K – $1M range with patient timeline — Winner: TD Bank Business Loan. TD as a top-10 SBA 7(a) lender with PLP authority originates SBA loans up to $5M at Prime + 2.25 – 2.75% on a compressed 30 – 60 day timeline. By far the cheapest cost of capital available in this pair, and TD's PLP status materially reduces the timeline disadvantage vs Bluevine. Bluevine caps at $250K LOC and doesn't offer SBA paths or long-amortization term loans. For SBA-eligible deals in TD's East Coast footprint TD is structurally the only option in this pair.
The honest takeaway
Bluevine and TD Bank Business Loan solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.
Frequently asked questions
- I bank with TD in Philadelphia and have a Bluevine LOC — what's the optimal capital stack?
- Run both products in parallel and match each capital need to the structurally cheapest source. Practical setup if you qualify for both: TD Express or standard Business Term Loan for predictable larger one-shot capital needs at 8.5 – 12% APR (relationship-priced via your Philadelphia TD branch RM), Bluevine LOC retained for high-frequency revolving draws at 12 – 18% APR. The combined setup gives you: (1) cheapest fixed-amortization capital from TD when you can wait 5 – 9 days and amortize over 24 – 36 months, (2) instant revolving access through Bluevine for working-capital gaps, (3) SBA 7(a) path through TD for any expansion need over $250K, with TD's PLP authority compressing the SBA timeline to 30 – 60 days (faster than most regional banks). Walk into your Philadelphia TD branch in person and ask for the Small Business Banker — TD has invested in dedicated SMB banker roles at most flagship branches. The TD Express channel decision can come back same-day-meeting in some cases, which is operationally a meaningfully better experience than the Bluevine fully-digital flow for merchants who prefer in-person banking.
- TD's 2024 AML enforcement and U.S. asset cap — does it affect my SMB lending experience in 2026?
- Modestly, and worth understanding before applying. In October 2024 TD Bank settled U.S. anti-money-laundering enforcement actions and accepted a U.S. asset cap that constrains balance-sheet growth. Practical effects in 2026: (1) overall credit-box discipline tightened — borderline files that would have approved in 2023 sometimes get declined now, (2) some RMs have been redeployed to compliance functions, thinning coverage in some markets, (3) SBA 7(a) volume and PLP-authority SBA processing remain strong — TD's dedicated SBA team wasn't affected, (4) standard sub-$1M term + LOC origination remains competitive for qualifying borrowers. For qualifying borrowers in the core East Coast footprint TD is still structurally one of the strongest large-bank options. For Bluevine-eligible merchants who don't currently qualify for TD, the AML constraints are a reason to also evaluate alternatives like Truist (similar Southeast footprint, no AML cap) or M&T (Northeast, no AML cap) alongside TD when you do qualify.
- What's the realistic Bluevine-to-TD trajectory for East Coast merchants?
- Most merchants who qualify for Bluevine today can qualify for TD in 12 – 24 months by: (1) hitting the 24+ months TIB threshold (just operational time), (2) maintaining Bluevine LOC with on-time payments to build PAYDEX and commercial FICO (Bluevine reports both), (3) opening a TD Business Banking deposit relationship in the meantime and running real operating deposits through it (TD's longer branch hours make this operationally easier than competing banks), (4) keeping personal FICO at 700+ for margin above the 680 floor, and (5) ensuring business tax returns show consistent revenue growth. The East Coast footprint advantage: TD RMs in core branches retain meaningful relationship-pricing discretion, so the trajectory from a Bluevine-only stack to a TD primary + Bluevine secondary stack at month 24 cuts blended cost-of-capital by 400 – 700 bps for most qualifying merchants. The TD-specific bonus: TD's PLP-authority SBA channel becomes available at month 24, providing access to compressed-timeline SBA 7(a) loans up to $5M for expansion deals. Surface your TD deposit tenure explicitly in the loan application — it's the largest controllable input to relationship-priced quotes.