TD Bank truly believes in small businesses, and we continue to invest in how we deliver products and services to this key customer base. In 2019 alone, we expanded our small business specialists group to complement our store network; introduced a new web and mobile platform for small business banking; and launched online account opening for checking accounts. We understand the important role small businesses play in the economy, and we’re committed to helping them succeed by offering convenience and choice in banking.
True growth means spending funds to add employees who can take over some tasks such as bookkeeping or ordering supplies and help support the daily functions. This will allow the business owner to better focus on long-term strategy and driving profitable revenue growth.
We are seeing higher demand for lines of credit, which typically are used to finance short-term needs, such as buying or leasing equipment, purchasing a company vehicle or injecting cash into the business during a lean period, especially seasonal businesses.