Black Entrepreneurship Loan Fund

Supporting our partners

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Black Owned Toronto

We're proud to partner with Black Owned TO, a showcase of products and services offered by Black business owners in Toronto. Shop today and support local communities.

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The BlackNorth Initiative

Founded by Wes Hall and co-chaired by CIBC President and CEO, Victor G. Dodig, The BlackNorth Initiative is on a mission to end anti-Black systemic racism by utilizing a business-first mindset.

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Backing our words with actions

These include specific goals for the advancement of Black talent into executive roles and active involvement in leading change across the industry.

Learn more about how CIBC is taking measures to stand against racism. Opens in a new window.


As entrepreneurs focus on business recovery, CIBC is supporting initiatives to enable inclusive growth for businesses across Canada.

Learn more about how CIBC supports inclusion in entrepreneurship. Opens in a new window.

Success stories and advice

Success stories

Neale’s Sweet n’ Nice Ice Cream

More than 2,000 km away from the Trinidadian shop, Andrew and Rosemarie met someone who fondly remembered eating Neal’s Sweet N’ Nice Ice Cream as a child.

Learn more about Neale's Sweet n' Nice Ice Cream.

ADVICE

Business Plans 201: The dos and don’ts of writing a solid business plan

Read your business plan out loud. Ask yourself these questions: Does it sound effective? Does it have a tone of confidence?

Learn more about business plans 201.

ADVICE

How Futurpreneur and CIBC are empowering Gen Z and millennial entrepreneurs

Keep your people at the heart of your business and learn how to grow your company with new technology and digital trends.

Learn more about how Futurpreneur and CIBC are empowering Gen Z and millennial entrepreneurs.

Biz Hub

Explore more success stories and expert business advice.

Start your banking relationship with us today

Black Entrepreneurship Loan Fund

Get business loans of up to $250,000. 


This program will be a partnership between CIBC, the Government of Canada and Black-led businesses. Sign up for email updates and be among the first to know when the Black Entrepreneurship Loan Fund becomes available.

CIBC Everyday Business Operating Account®

Keep your business finances organized with our cost-effective account. Plus, save on fees when you bank electronically.


Monthly fee1

$0
or
$20 for self-service2 access
$25 for full-service3, 4 access

Pay no monthly fee when you have a minimum daily balance of $15,000.5


Transactions included6

30
(Includes Interac e-Transfer® transactions7)

CIBC Aventura® Visa* Card for Business

Keep your business and personal expenses separate and build your business credit history.


Exclusive offer

First 2 years' annual fee rebated8


Annual fee

$0 for the first two years (after rebate)8
$120 after that

CIBC Personal Line of Credit

Get flexible access to the funds you need for big ticket purchases or to consolidate higher interest debt.


Exclusive offer

0.50% off CIBC's approved rate9


Credit that is always available and easy to access with no security required


Lending range is $5,000 and up


You can pay off the amount you borrow in full or in part at any time.


Access funds fast with a quick and easy approval process.

CIBC Smart Plus™ Account

Simplify your banking with one full-service account.


Exclusive offer

No monthly fee for 24 months10


Unlimited transactions including unlimited Interac e-Transfer transactions11


A premium CIBC credit card with an annual fee rebate12


Unlimited ATM withdrawals in Canada, the U.S. and internationally13


CIBC Overdraft Protection14


After the 24 month offer ends:
The monthly fee is $29.95
Want to keep paying no monthly fee? Maintain a minimum balance of $6,000 in your account or $100,000 in eligible savings and investments during the month.15

CIBC Dividend Visa* Infinite Card

Start earning up to 4% cash back on your everyday purchases.16


Welcome offer

Get 10% cash back

For the first 4 statements on total purchases of up to $2,000.


Annual fee

$0 with a CIBC Smart Plus Account12
or
$0 for the first two years (after rebate)8, $120 after that


Interest rate
RDS%rate[2].VWDIV.Published(null,null,6,null)(#R#)% for purchases17
RDS%rate[2].VWDIV.Published(null,null,3,null)(#R#)% for cash17, 18
(21.99% for Quebec residents effective the first day of the 2021 April statement period)

These special offers are available by phone. Request a call to apply for these accounts. Opens in a new window.

Contact us