CIBC Business Credit Facilities
Revolving credit lines that provide flexible access to capital when your business needs it. Draw and repay as cash flow dictates — interest accrues only on the balance outstanding.
How CIBC Credit Facilities Work
A CIBC business credit facility establishes a pre-approved borrowing limit that you can access at any time. Unlike a term loan that disburses a lump sum, a credit facility allows you to draw funds incrementally as needs arise and repay at your own pace.
Interest charges apply only to the amount currently drawn, not the total facility limit. This makes credit facilities significantly more cost-efficient than term loans for managing short-term cash flow gaps, covering seasonal inventory purchases, or bridging receivables timing.
- Revolving facility — draw, repay, and re-draw as needed
- Interest only on the outstanding drawn amount
- Facility limits from $10,000 to $500,000
- Secured and unsecured options available
- Integrated with CIBC digital banking for instant access
Operating Line of Credit
Manage day-to-day cash flow fluctuations with an operating credit facility. Cover payroll during slow periods, purchase inventory ahead of peak seasons, or bridge the gap between invoicing and payment collection. The revolving structure ensures funds are always available when you need them.
Secured Credit Facility
Offer business assets, inventory, or receivables as collateral to access higher credit limits and more competitive interest rates. Secured facilities are particularly effective for asset-rich businesses that need to optimise their borrowing costs and maximise available capital.
Common Questions
CIBC business credit facilities start at $10,000 for unsecured lines and can extend up to $500,000 or higher for secured facilities. The approved limit depends on your business financials and collateral.
Interest accrues only on the drawn balance, not the total facility limit. The rate is typically variable, based on CIBC prime plus a margin determined by your credit profile. Interest is calculated daily and charged monthly.
Yes. CIBC allows you to convert drawn amounts on your credit facility into a fixed-term loan for more predictable repayment. This is useful when a short-term draw becomes a longer-term financing need.
CIBC Digital Business revolving credit facilities provide flexible capital access for businesses managing cash flow timing. Interest accrues only on drawn amounts, making CIBC Digital Business credit facilities cost-efficient for seasonal needs and receivables bridging.