Get support for your business and community

Black Entrepreneur Program Loan

Loan amounts

For equipment and leasehold improvements

For working capital loans

For equipment and leasehold improvements

For working capital loans

First 12 months

After 12 months

Interest rate

There is no penalty for early repayment

Partnerships that unlock potential

The Canadian Black Chamber of Commerce (CBCC)

In partnership with CIBC, the CBCC offers support for black-owned businesses through mentoring, advocacy, promotion, training and development. You can also get help crafting a business plan or financial documents.

Learn about the CBCC  Opens in a new window.

Black Opportunity Fund (BOF)

The BOF aims to improve the social and economic well-being of Canada’s Black communities by funding Black-led businesses. Apply for non-repayable business loans of up to $2,000.

Learn about the BOF  Opens in a new window.

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 using a business-first mindset.

Learn about The BlackNorth Initiative Opens in a new window.

Stories for business owners like you

Chancie Romain

Video: How two friends started a dog-friendly café in Markham

Victoria and Chanice wanted to combine their passions: coffee and dogs. Our Black Entrepreneur Program made their ambitions a reality.

 Play video (1 minute) about how two friends started a dog-friendly café in Markham.

Building for Success: Tips from Lawyer and Entrepreneur Charles Osuji

"Running a law firm is no child’s play. You are both a lawyer and a business owner. Grow slowly. Focus on good customer service. Be kind to your staff."

 Read article (2 minutes) about running a successful law firm and business.

Investing more in the Black community to help entrepreneurs achieve their ambitions

Additional funding includes a $15 million loan program and other supports to create greater access to opportunities. 

Learn more about CIBC’s investments in the Black community. Opens in a new window.

At the outset of Black History Month, Victor G. Dodig, President and CEO, CIBC, spoke about CIBC’s commitment to driving progress through engagement and investment.

Learn more about how CIBC is engaging for a more equitable future. Opens in a new window.

Start your banking relationship with us today

Get exclusive business and personal banking offers to build your business on a solid financial foundation.

Keep your business finances organized with our cost-effective account. Access your account anywhere, anytime with CIBC Online and Mobile Banking. Only pay for the transactions you make.3

Exclusive offer 

Save on fees with a monthly account fee waiver for eligible accounts

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Earn points that don’t expire4, and combine your Aventura business and personal credit card points to reward yourself sooner.

Exclusive offer

First 2 years' annual fee rebated5

Learn more about the CIBC Aventura Visa Card for Business.

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

Exclusive offer

0.50% off the CIBC approved rate6

Learn more about the CIBC Personal Line of Credit.

Simplify your banking with one full-service account.

Exclusive offer

No monthly fee for 24 months7

Learn more about the CIBC Smart Plus Account.

Start earning up to 4% cash back on your everyday purchases.8

Bundle and save

Receive an ongoing annual fee rebate with your CIBC Smart Plus Account.9

Or get an annual fee rebate for the first 2 years.

Learn more about the CIBC Dividend Visa Infinite Card.

Skip the trip to the branch and bank online, any time. Access your account information, transfer funds and conveniently pay your employees and suppliers, so you can spend more time running your business.

Learn more about CIBC Online Banking for Business.

Business tips, guides and expert advice

Financial forecasting 101

Learn how to build a projection of the potential revenue, expenses and cash on hand that your business could expect over the coming year. 

 Read article (4 minutes) about financial forecasting.

How credit can impact your start-up

Understand the differences between personal credit and business credit and which you should choose for financing your business.

 Read article (6 minutes) about how credit can impact your start-up.

Tips for starting a business

Proper planning and checking off the right tasks on your to-do list can help you start strong when launching your new business.

 Read article (5 minutes) about starting a business.

Smart Advice for Business

Explore more success stories and expert business advice.

Frequently Asked Questions

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