CIBC Revolving Line of Credit

CIBC's Revolving Line of Credit is designed to assist your business' short-term financing needs if you require $250,000 or more*. This Prime-based** solution provides your business with funds for its day-to-day operations.

A Revolving Line of Credit (previously known as borrowing via overdraft) is a variable-rate operating line of credit. It provides a credit facility on your CIBC Business Operating Account™ up to a pre-approved limit. Interest rates are based on Prime.

	Visit the nearest CIBC Branch or contact your CIBC business advisor.

Key benefits

Saves you money	Interest is paid only on the actual dollar amount borrowed Deposits made to your CIBC Business Operating Account are credited directly to the outstanding balance on your CIBC Revolving Line of Credit, thereby reducing the amount of interest you pay
Makes you money	Lets you take advantage of special opportunities, such as trade discounts or stocking up on inventory
Saves you time	Once the line of credit is approved, you don't have to contact your bank every time you need the funds Spend less time monitoring your daily cash flow
Convenient	Once the line of credit is approved and set up on your business operating account, funds are available immediately for withdrawal or transfer Access whatever amount you require (within the approved limit) Unlimited withdrawals - take out funds as often as you need to*** Unlimited repayments - pay back as much or as often as you wish*** You only have your CIBC Business Operating Account to reconcile

Is it for you?

CIBC Revolving Line of Credit could be for you if you:

• Offer credit terms to your customers
• Need assistance in meeting your day-to-day operating expenses
• Need quick, ongoing access to cash for unexpected business expenses

Information you need to know

• Variable rate of interest based on Prime and fluctuates as Prime changes
• Available in Canadian and U.S. funds

Trademarks and Disclaimers

*All CIBC Small Business Loans, Lines of credit and Small Business Revolving Lines of Credit applicants must meet CIBC's lending criteria. Subject to credit approval. Limits will be determined based on an assessment of the application. Some conditions and restrictions may apply.

**"Prime" means the variable reference rate of interest per year as declared by CIBC from time to time to be its base rate for Canadian dollar loans made by CIBC in Canada.

***Subject to applicable fees/charges.

™ Trademark of CIBC.

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