Accessibility Quick Links
Get financing to grow your business at any stage
Enjoy personalized service
Our business banking experts can connect with you on your schedule and in your community.
Take advantage of expert advice
Explore practical how-to guides, financial tips and insights from business owners like you in the Biz Hub.
Borrow for your business needs
Apply for a business loan, line of credit and overdraft protection to help your business succeed.
Business lines of credit
Cover day-to-day operating expenses
Business overdraft
Protect your business from unexpected cash shortfalls
Ready to get started? We're here to help.
How can I apply?
Step 1
Book a meeting
Meet with one of our business advisors who will guide you through the application process and answer any questions. They can also help review your finances and give tailored advice based on your borrowing needs. Meet with us Opens in a new window..
Step 2
Get a decision
We'll verify your information and review your credit profile. If your application meets our borrowing criteria, you'll get approved for a specific borrowing amount, interest rate and repayment term.
Step 3
Receive funds
After you accept your offer and sign a few documents, you can start using your money directly from your business bank account. Get funds in as little as 2 days for most applications.1
What documents do I need?
When you book a meeting with your business advisor, they’ll request that you bring a few documents to support your credit application, such as:
- Financial statements for the last 2 years of business
- Recent business and personal tax returns
- A business plan, if your business is new or starting up
- Two pieces of valid photo ID
- Any other documents your advisor may request for due diligence
For a full list of recommended documents, review our business credit application document checklist (PDF, 160 KB) Opens in a new window..
Is my business eligible?
Your business may be eligible for financing if you can demonstrate any of the following:
- You have industry experience
- Your business is located and operates in Canada
- Your business generates positive cash flow, meaning your inflows have exceeded your outflows, for at least 12 to 24 months
- You have a good credit score
Tips for getting approved
You can increase your chances of your credit application getting approved in several ways:
- Prove your business can repay the debt
- Have a good credit score
- Show proof of valuable assets to secure funds
- Provide a list of guarantors who can pay back your debt in the event you can't
Looking for something else? We've got more borrowing options.
Agriculture loans and lines of credit
Manage operating costs, buy new equipment and grow your farm business. Choose from flexible loans or lines of credit tailored to your unique needs.2
Banking for Black-owned businesses
Apply for up to $250,0003 in financing and take advantage of exclusive banking offers to build your business on a solid foundation.
Franchise financing
Get the financial help you need to meet your franchise and personal goals. Talk to our experts and borrow up to $1 million.4
Biz Hub
How to talk about your business plan in that first meeting
Preparing for that first meeting with your CIBC business advisor is your opportunity to get excited and talk about your brand new business.
Read article (4 minutes) How to talk about your business plan in that first meeting.
Learning the language of business loans: A glossary
4 out of 10 business owners are unaware of the terminology that comes with lending. Let’s master the ABCs of business loans.
Read article (4 minutes) Learning the language of business loans: A glossary.
Are you applying for your first business loan? Here’s what to expect
It’s great when clients ask questions, even if they aren’t sure what to ask. The best thing to do is communicate.
Read article (6 minutes) Are you applying for your first business loan? Here’s what to expect.