SBA loans

Our Small Business Administration (SBA) loan program can help provide the financing you need to start or expand your business.

Use an SBA loan to help grow your business

Insightful expert advice

Our SBA lending team is here to support you with any challenges your business may be facing. Plus, we're ranked among the top 10% of SBA lenders nationally. ¹

Flexible borrowing options

Our SBA loans give you favorable options to help your small business succeed, such as flexibility in equity investment, funds for operating costs and more.

Longer repayment terms

We want your business to excel. Get lower monthly payments to help you save or use capital for your business needs.

What's an SBA loan?

SBA loans are provided through participating lenders, such as CIBC, to provide flexible terms to small businesses across the country. To qualify for SBA loans, you must complete an SBA questionnaire, be of good character, and have good credit history. You must also show that you're able to repay the loan. and in some cases, have the required equity injection in your business.

Choose the right SBA loan for you

7(a) loans

A loan that's used for business acquisition, real estate purchases, equipment, expansion, inventory, leasehold improvements, debt refinance and working capital.

Features

Borrow up to $5 million
7-to 10-year term for most business purposes and up to a 25-year term for real estate
Competitive low interest rates

Eligibility

For-profit company based in the US
Demonstrate a business need for a loan
Not delinquent on any exist debt to the US government
Have a net worth of less than $15 million
Have an average net income of $5 million or less (after income tax) for the two years preceding your application

504 loans

A loan for for real estate or equipment where the bank lends 50% of the cost. The Certified Development Companies (CDC) covers up to 40% and the borrower contributes 10% in equities.

Features

Borrow up to $5 million in lending from the CDC
10-year term, 20-year term and 25-year term
Competitive low interest rates

Eligibility

For-profit company based in the US
Demonstrate a business need for a loan
Not delinquent on any exist debt to the US government
Have a net worth of less than $15 million
Have an average net income of $5 million or less (after income tax) for the two years preceding your application

SBA Express

A loan that's used for revolving lines of credit or term loans. It's a quick and easy way to receive government-guaranteed financing for your business.

Features

Borrow up to $500,000
Up to a 10-year term
Competitive low interest rates

Eligibility

For-profit company based in the US
Demonstrate a business need for a loan
Not delinquent on any exist debt to the US government
Have a net worth of less than $15 million
Have an average net income of $5 million or less (after income tax) for the two years preceding your application

Overview

A relationship-based checking account that provides incentives for business owners and executives who maintain business and personal checking accounts at CIBC.

Key features

Up to $25 of foreign-bank ATM fees refunded per monthly statement cycle ¹
Remote deposit capture available
Wire services available
Includes access to two executive personal checking accounts
ACH services available

Fees

No fee with $10,000 monthly or $25,000 combined daily balance for select business and personal accounts ², or $25 per month.

Our small business success stories

$4,700,000

7(a) loan used to buy out a partner and purchase real estate for a spice manufacturer in Illinois.

$950,000

7(a) loan used to buy equipment for a technology security services company in Ohio.

$456,000

7(a) loan used to acquire a home care business in Wisconsin.