Business line of credit

We'll help you stay one step ahead of your expenses. Whether you need to pay vendors or buy supplies, a business line of credit gives you ongoing access to funds.

Support your cash flow and meet your short-term business goals

Access revolving funds

Your line of credit can help you cover everyday business expenses. Borrow funds whenever you need them, up to your approved credit limit. Pay down your balance and access the same line of credit to cover expenses today or tomorrow.

Pay interest only on what you use

Interest is only charged on the amount you choose to borrow. Pay minimum monthly payments or pay off your whole balance at any time to save on interest.

Take advantage of business opportunities

Ongoing access to funds gives you the flexibility to get trade or inventory discounts and more.

Business lines of credit at a glance

Line of credit amount

Starting from $10,000¹

Currency

CAD or USD

Interest rate

Variable Learn more about variable interest rates. Opens a popup.

Flexible options

Secured or unsecured^{2 Learn more about secured and unsecured lines of credit. Opens a popup.}

How do I qualify for a business line of credit?

If you meet these requirements, you’ll improve your chances of getting approved:

You have industry experience
You have personal financial investments in your company
Your business generates positive revenue, meaning your inflows exceed your outflows, for at least 12 to 24 months
You have a good credit score
You have a detailed business plan

Fees and details

Ready to get a business line of credit? We'll guide you through the process

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. You’ll need to bring a few documents to your appointment. Learn about the documents you’ll need to support your application. Opens in a popup.

Meet with us Opens in a new window.

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 amount with a specific interest rate and repayment term.

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.³

For full details on what to bring to your meeting, review the business credit application document checklist (PDF, 160 KB)Opens a new window in your browser.

More great features

Use funds whenever you need them, without reapplying — you don't have to contact us every time.

Pay the monthly minimum payment or pay off the entire balance at any time to save on interest.

Access your line of credit by writing a cheque against your CIBC business account or through CIBC Online Banking®, CIBC Mobile Banking® or through ATM withdrawals.

Get a combination of borrowing products, such as a loan or overdraft protection, for more flexibility.

CIBC Smart Balance Alert™

Forgot about that payment? We’ll send you a text message so you can avoid a non-sufficient funds (NSF) fee and a declined payment.

Learn moreabout CIBC Smart Balance Alert.

Your business line of credit questions answered

What's the difference between a business line of credit and a loan or overdraft protection?

How can I apply?

How do I get a lower interest rate?

Smart Advice for Business

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Contact us

Connect with a business banking expert on your schedule.

Call for questions about sales and products
1-866-992-7223

Call for questions about everyday banking
1-800-465-2422

Contact our Business Client Advice Centre