1 All loan, line of credit and Small Business Overdraft applicants must meet CIBC lending criteria and are subject to credit approval. Rates and limits will be determined based on an assessment of application. Some conditions and restrictions apply. The interest rate on variable rate loans, lines of credit and Canadian dollar Small Business Overdraft will change whenever CIBC's Prime Rate changes. Personal guarantees may be required from all principals who have ownership in the business. A General Security Agreement may be required from the business.
2 Subject to CIBC approval.
3 Provided we have received a complete application and supporting documentation.
4 Depending on your credit rating, some options may not be available and/or some conditions may apply.
5 For 5-year term loans only. Terms of 1 to 4 years must have equal amortization.
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