What is the BDC Co-Lending Program?

Variable-rate term loans, at market rates, for qualified small and medium-sized enterprises

Loan amount up to $12.5 million, based on 2019 revenue threshold
Option to only pay the interest for the first 12 months after the initial advance

BDC loan at a glance


An option to only pay the interest for the first 12 months after the initial advance 



Eligibility

  • they are a Canadian-based commercial entity with the intent to generate revenue from the sale of goods or services, and that has business operations in Canada;
  • CIBC is their primary bank;
  • they have not benefited from or are in the process of benefiting from this Co-Lending Program at another bank or financial institution; and
  • they have been negatively impacted by COVID-19.

Who is not eligible to apply?

  • are a government organization or body (other than an Indigenous entity or body), or an entity in which a government organization or body (other than an Indigenous entity or body) owns 25% or more of the equity interests;
  • are a union or charitable, religious or fraternal organization or an entity in which any such organization owns 25% or more of the equity interests; 
  • are an entity in which 25% or more of the equity interests are held by any single current member of the Parliament of Canada or any single current member of the Senate of Canada other than a publicly traded company; or
  • promote violence, incite hatred or discriminate on the basis of race, national or ethnic origin, colour, religion, sex, age or mental or physical disability.

Ready to apply for a BDC loan? We’ll guide you through the process

How do I apply?

Before applying, make sure:

  • you’re the key principal of the business;
  • you’re registered for CIBC Online Banking® for Business with your CIBC Business Convenience Card; and
  • your business contact information, including phone number and email address, is up-to-date.

Register for CIBC Online Banking for Business with your CIBC Business Convenience CardOpens a new window in your browser.

As part of the application process, you’ll be asked to provide:

  • information for co-signatories and guarantors; 
  • personal income and business income;
  • other financial details, including your mortgage or monthly rent amount;
  • financial statements for the business for 2018 and 2019;
  • T1 General (4-page jacket) and Notice of Assessment for the last 2 years available for the co-signatories, guarantors and spouses, as applicable;
  • personal net worth documents, including investment statements, savings and account holdings at other financial institutions and mortgage statements; and
  • personal and business contact information, including phone number and email address.

Additional information may be requested in the application process. Check with your CIBC Advisor or Relationship Manager for more details.

Start now through CIBC Online Banking for BusinessOpens a new window in your browser.

You will receive an email requesting additional documents. An advisor will contact you to complete the application.

What happens after I apply?

After you apply, your application will be reviewed by our CIBC adjudication team, a credit agreement will be prepared for client signature and the funds will be advanced. 

Start your application now

Your business must apply through CIBC Online Banking for Business. If you do not have access to CIBC Online Banking for Business, you can register for online banking with your CIBC Business Convenience Card.

BDC FAQ

Loan details

Application details

Financial relief options

Banking remotely