1 All loan, line of credit and Small Business Overdraft applications must meet CIBC lending criteria. 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.
2 U.S. overdrafts are available to qualified customers in amounts up to the U.S. dollar equivalent of the approved CDN dollar credit limit. The interest rate on U.S. dollar variable rate overdrafts will change whenever CIBC's U.S. Base Rate changes. CIBC's U.S. Base Rate is the variable rate of interest per year declared by CIBC from time to time to be its base rate for U.S. dollar loans made by CIBC in the United States.
3 Depending on your credit rating, some options may not be available and/or some conditions may apply.
4 Provided we have received a complete application and supporting documentation.