CIBC Business Loans

Designed to help your business purchase fixed assets or help finance your company's long-term growth, CIBC Business Loans are available in any amount over $10,0001, with loan rates that are competitive and convenient.

Key benefits

Makes you money

  • Loans can be used to finance up to 100% of asset acquisition costs; this will free up your company's working capital, which can then be used as an additional investment in your business to increase profitability.

Smoothes out cash flow

  • Your loan can be amortized over a period of time to suit your cash flow, resulting in manageable payments. We will work with you to tailor the principal repayment schedule to meet your cash flow needs.2

Quick Approval

  • Once we receive your completed application and supporting documentation, you'll usually get a credit decision by the next business day.3

Saves you time

  • Once the loan is approved and set up, funds are available when you need them.

Flexible Options

  • Select a variable or fixed-rate loan or a combination of a loan and a line of credit. You can also choose a secured or unsecured option, with funds in either Canadian or U.S. dollars.4 A variable rate loan can be repaid at any time without penalty.

Is it for you?

CIBC Business Loans could be for you if you:

  • Need money to purchase equipment or fixed assets, or make improvements to capital assets
  • Want protection against short-term interest rate fluctuations
  • Want to make repayments in line with your business' seasonal cash flows

Information you need to know

  • You may qualify for a lower interest rate on your CIBC Business Loan by securing it with a principal residence, cash or cash equivalent or hypothec
  • The loan can be amortized over a maximum of 15 years5
  • Setup and Review fees may apply based on the total credit limit

Optional features

  • Option of either competitive fixed or variable interest rates
  • Repayment options for fixed rates include:
    • Blended principal and interest
    • Principal plus interest with principal payable monthly or quarterly
  • Prepayment of variable interest rate loans without prepayment penalties
  • Loan repayment set to match your cash flow needs, based on the useful life of the asset financed

Own the home you love sooner

An innovative mortgage for entrepreneurs now makes it easier.

Find out more

Interested in a CIBC Business loan or line of credit?

Visit the nearest CIBC Banking Centre or contact your CIBC business advisor.

1-800-465-2422 toll-free