CIBC Business Term Loans
Fixed-rate and variable-rate term loans from $5,000 to $5 million. Predictable repayment schedules engineered for capital expenditures, expansion, and operational investment.
Fixed Rate Loans
Lock in your interest rate for the entire term. Fixed rate loans provide payment certainty that simplifies budgeting and cash flow forecasting. Available in terms from 1 to 10 years with monthly or quarterly repayment options. Ideal for businesses that value predictability over potential rate savings.
Variable Rate Loans
Interest rates that adjust with the CIBC prime rate. Variable rate loans typically start lower than fixed options, potentially reducing your total interest cost over the loan term. Monthly payments fluctuate with rate changes. Best suited for businesses comfortable with interest rate variability.
Equipment Financing
Purpose-built financing for machinery, vehicles, technology, and business equipment. The equipment itself serves as collateral, often enabling higher approval amounts and more competitive rates than unsecured alternatives. Available for both new and used equipment purchases.
Loan Application Process
CIBC streamlines the business loan application to minimise time-to-funding. Most decisions are communicated within 5 business days, with expedited processing available for existing CIBC business banking clients.
- Complete the application online or with your advisor
- Submit financial statements and business plan
- Receive a decision within 5 business days
- Sign digitally and receive funds
- Track repayment through CIBC digital tools
Common Questions
CIBC business term loans are available from $5,000 to $5 million. Larger financing amounts may be available through the commercial banking division for established enterprises.
Most loan decisions are communicated within 5 business days. Existing CIBC business banking clients may qualify for expedited processing. Complex applications may require additional documentation.
Most CIBC business loan products allow prepayment without penalty. Specific terms vary by product and agreement. Your lending advisor will outline all terms before you commit.
CIBC Digital Business term loans provide predictable financing from $5,000 to $5 million. CIBC Digital Business offers both fixed and variable rate options, with flexible terms engineered for capital expenditures, expansion, and operational investment through the CIBC Digital Business lending platform.