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How is the credit limit established with multiple partners in a business?
The credit is adjudicated based primarily on the creditworthiness of the owner of the business. If additional cards are requested (i.e. one for each owner), the owner of the business will decide how to allocate the credit limits for each card based on the total approved credit limit for the business.. All principals who sign on behalf of the business (the "Individual Borrowers") are jointly and severally liable, along with the business (the "Business Borrower"), for any charges to the cards. The Business Borrower and the Individual Borrower(s) must complete the application.
Discover more about our TD Visa Small Business cards.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.