Asset-Based Lending

CIBC Asset-Based Lending has built a strong reputation as a leader in Canada because of our ability to combine a full range of banking solutions with proven asset-based lending capability, customized for companies in the Canadian marketplace - just like yours.

Asset-based lending can offer greater credit availability and flexibility for your business through customized loan arrangements secured by accounts receivable, inventory and fixed assets. CIBC Asset-Based Lending is committed to providing your company with the best overall financing solution, including limited or no financial covenants and the ability to commit to, fully underwrite and syndicate large transactions.

Asset-Based Lending could be right for your company if you:

Are a medium to large-sized business
Are involved in a seasonal or cyclical industry
Typically have lower operating margins
Require capital to finance sales growth, acquisition financing, restructuring, or turnaround financing
Are looking to raise capital in a less costly way than bringing in an equity partner
Want to take advantage of growth opportunities

Key Benefits

Improved liquidity

Higher advance rates for A/R and inventory than traditional cash flow financing
Offers the ability to smooth out gaps in your cash flow during business cycles and seasonal peaks
Benefits companies experiencing high growth, seasonal and/ or cyclical swings, high volume/ lower margins or a temporary decline in operating performance

Increased Flexibility

Minimal financial covenants (typically, no leverage covenants)
Greater ability to fund distributions or pursue acquisitions (based on liquidity)
Support during good times and bad for industries that are less attractive for traditional financing

Attractive Terms and Pricing

Typically, longer term than other forms of traditional financing
Competitive pricing with other forms of traditional pricing

Why CIBC asset-based lending?

Why work with us? When you work with us, you gain access to a seasoned relationship team of professionals with a track record of success, focused on building long-term partnerships with our clients. You also get a full-service business (including credit structuring, underwriting, monitoring and account management) all based in Canada, with dedicated local coverage.

Our team

Group Head

Geoff Golding
Market Vice-President
geoff.golding@cibc.comOpens your email app.
Ontario

Patrick Mercieca
Director
patrick.mercieca@cibc.com Opens your email app.
Quebec & Atlantic Canada

Paul Sawaya
Director
paul.sawaya@cibc.comOpens your email app.
Western Canada

Craig Werbicki
Director
craig.werbicki@cibc.comOpens your email app.

Contact Us

Call us

Tel: 1-888-947-7736Opens your phone app.
Quebec: 1-800-324-7542Opens your phone app.

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Asset-Based Lending