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Business Development Bank of Canada (BDC) Co-Lending Program

Borrow up to $12.5 million for your operational cash flow requirements. Delay principal payments for up to 12 months to provide your business more flexibility.

Learn more about the Business Development Bank of Canada (BDC) Co-Lending Program.

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Highly Affected Sectors Credit Availability Program (HASCAP)

The Government of Canada’s HASCAP program provides businesses facing ongoing impacts from COVID-19 with loans of up to $1 million over extended terms, with interest-only payments for the first 12 months.

To begin your application, contact your CIBC Advisor, or have us contact you at your convenience.

Request a call from a CIBC business expert.


Canada Emergency Wage Subsidy (CEWS)

Any business with a decline in revenue is eligible to apply for this program. The wage subsidy is proportional to the revenue drop your business has experienced, to a maximum of 65% of eligible wages, retroactive to March 15, 2020.

The Government of Canada is now accepting online applications for the CEWS programOpens a new window in your browser.. This program is available until June 2021.

Sign up for CRA direct deposit through CIBC Online Banking for Business Opens a new window in your browser. to ensure the fastest funding experience and avoid delays of physical cheques.

Learn more about how to set up CRA direct deposit for your business.

Canada Emergency Rent Subsidy (CERS)

Any business with a decline in revenue is eligible to apply for this program. The rent subsidy is proportional to the revenue drop your business has experienced, to a maximum of 65% of eligible rent and property expenses, retroactive to September 27, 2020.  Certain businesses may also qualify for additional lockdown support Opens in a new window..

The Government of Canada is now accepting online applications for the CERS program Opens in a new window.. This program is available until June 2021.

To ensure the fastest funding experience and avoid delays of physical cheques, sign up for CRA direct deposit through CIBC Online Banking for Business Opens in a new window..

Learn more about how to set up CRA direct deposit for your business.

Regional Relief and Recovery Fund (RRRF) 

Apply to the RRRF through your Regional Development Agency Opens in a new window.. Before applying, businesses must have already applied to other Government of Canada emergency credit relief measures.

The RRRF brings “relief” to more business owners (5 minute read)

Canada Emergency Business Account (CEBA)

CEBA is an interest-free loan to help cover operating costs if business revenues have been temporarily reduced due to the economic impacts of COVID-19. It offers a loan of up to $60,000 for eligible businesses that’s interest-free until December 31, 2022.

Learn moreabout CEBA.

Business Development Bank of Canada (BDC) Co-Lending Program

The Co-Lending Program offered by the BDC provides variable-rate term loans at market rates to eligible businesses. It’s available to Canadian businesses that operate in Canada and use CIBC as their primary bank.

Learn moreabout the BDC Co-Lending Program.

Export Development Canada (EDC) Business Credit Availability Program

Eligible domestic or export-oriented Canadian companies can get an EDC-guaranteed loan of up to $6.25 million. You can get this as a term loan or revolving line of credit to cover your operating and liquidity expenses.

Learn moreabout the EDC Business Credit Availability Program.

Canada Recovery Benefit (CRB)

Self-employed individuals can qualify for $1,000 for a 2-week period ($900 after taxes withheld). To be eligible, you must not have been employed or self-employed during the period you’re applying for; or you must have experienced a 50% reduction in your average weekly income compared to the previous year.

The Government of Canada is now accepting online applications for the CRB program Opens in a new window.. This program is available until September 2021.

To ensure the fastest funding experience and avoid delays of physical cheques, sign up for CRA direct deposit through CIBC Online BankingOpens in a new window..

Learn more about how to set up CRA direct deposit

Canada Recovery Sickness Benefit (CRSB)

Self-employed individuals can qualify for $500 for each 1-week period ($450 after taxes withheld). To be eligible, you must be unable to work at least 50% of your work week due to COVID-19 or other eligible reasons.

The Government of Canada is now accepting online applications for the CRSB program Opens in a new window.. This program is available until September 2021.

To ensure the fastest funding experience and avoid delays of physical cheques, sign up for CRA direct deposit through CIBC Online Banking Opens in a new window..

Learn more about how to set up CRA direct deposit

Canada Recovery Caregiving Benefit (CRCB)

Self-employed individuals can qualify for $500 for each 1-week period ($450 after taxes withheld). To be eligible, you must be unable to work at least 50% of your work week because you’re caring for your family members or children due to COVID-19 or other eligible reasons.

The Government of Canada is now accepting online applications for the CRCB program Opens in a new window.. This program is available until September 2021.

To ensure the fastest funding experience and avoid delays of physical cheques, sign up for CRA direct deposit through CIBC Online Banking Opens in a new window..

Learn more about how to set up CRA direct deposit

Accelerate your recovery 

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Answer four simple questions and match with the right programs and grants for your business.

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Banking for Black-owned businesses

Access expert advice, solutions and financing designed to help Black entrepreneurs, including loans of up to $250,000, through the Black Entrepreneurship Loan Fund.

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