FinviloCIBC
CIBC Canada Small Business Financing Program Term Loan
A government-backed term loan for starting or expanding a small business through eligible property, equipment, leasehold improvements, intangible assets and working capital.
Provider information link, not an application on this site.
Recorded fees, rates and features
Amounts are in CAD unless the source specifies otherwise. A promotional term is not necessarily an ongoing term.
- Maximum amount
CAD 1,000,000
Provider source- Non-real-estate limit
CAD 500,000, including up to CAD 150,000 for intangible assets and working capital
Provider source- Maximum term
15 years; real estate may be amortized up to 25 years
Provider source- Variable rate
CIBC prime rate plus 3%
Provider source- Fixed rate
CIBC base rate plus 3%
Provider source- Eligibility
Small businesses or startups operating in Canada with gross annual revenue of CAD 10 million or less; farming businesses excluded
Provider source
Eligibility and provincial availability
- Provinces and territories
- Not confirmed
- Application requirements
- Small businesses or startups operating in Canada with gross annual revenue of CAD 10 million or less; farming businesses excluded
Ask the provider to confirm residence, age, identification, income and any credit requirements that apply to this product. A listing does not guarantee approval.
Is this a fit for you?
Use the recorded details as a starting point, then compare the full cost and conditions with your needs. Product-specific benefits, exclusions and suitability have not received a separate editorial assessment on this page.
Cost of funding
Compare interest, origination charges, repayment deductions and the total cost.
Cash flow fit
Check repayment timing against your business income and seasonal changes.
Personal exposure
Ask about collateral, personal guarantees and what happens if payments are missed.
Do not treat a factor rate as an annual interest rate. Ask the provider to explain the repayment calculation.
Compare alternatives
Sources and important limitations
Official provider information for CIBC Canada Small Business Financing Program Term Loan
Terms may have changed since this information was collected. Unknown details are not confirmed, not assumed to be free or available nationwide. This is general information, not personalized financial, tax, legal or insurance advice.