CIBC Small Business Home Power Credit™

If you have been in business for more than 2 years, have borrowing needs of $50,000 or more1 and are looking for competitive borrowing rates2, you could use your Canadian residential property as collateral to meet some or all of your business' borrowing needs. Speak to a CIBC business advisor about a CIBC Small Business Home Power Line of Credit™ or a CIBC Small Business Home Power Loan™ today.

Interested in a CIBC Business loan or line of credit?

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

1-800-465-2422 toll free

Key benefits

Is it for you?

A CIBC Small Business Home Power Credit could be for you if you:

• Presently have more than 20% equity in your home
• Have upcoming purchases or expenses planned for your business
• Want to save on borrowing costs for everyday purchases for your business

Information you need to know

• This product requires that you use one of CIBC's service providers (not available in Nunavut) to register a collateral mortgage or hypothec against a residential zone property
• Variable rate of interest based on CIBC Prime Rate and fluctuates as CIBC Prime Rate changes
• Residential property must be in Canada
• Available in Canadian and equivalent US funds3

Trademarks and Disclaimers

1 All applicants must meet CIBC's lending criteria. Subject to credit approval. Rates and limits will depend on assessment of application. Some conditions and restrictions apply. Personal guarantee and General Security Agreement are required from all principals who have 20% ownership interest or more.

2 The interest rate on Canadian dollar lines of credit will change whenever CIBC's Prime Rate changes. CIBC's Prime Rate is the variable rate of interest per year declared by CIBC from time to time to be its prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on U.S. dollar lines of credit will change whenever CIBC's U.S. Base Rate changes. CIBC's U.S. Base Rate is the variable rate of interest per year declared by CIBC from time to time to be its base rate for U.S. dollar loans made by CIBC in Canada.

3 U.S. dollar lines of credit are available to qualified customers in amounts up to the U.S. dollar equivalent of the approved Canadian dollar credit limit.

™ Registered trademark of CIBC