Open
CIBC — Business overdraft
Flexible overdraft protection to manage short-term cash flow needs
Last Update: March 3, 2026
Funding available
$ 10,000
Timeline
- Open continuously
Location
Canada
Overview
CIBC’s Business overdraft provides access to up to $10,000 to help businesses manage occasional credit needs and unexpected cash shortfalls. Eligible activities include covering day-to-day business expenses and avoiding missed payments by using overdraft funds through cheques, online or mobile banking, or ATM withdrawals.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 10,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Finance and insurance
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Cover unexpected business expenses and short-term cash flow shortfalls using overdraft protection on a CIBC business account.
- Avoid missed payments (such as cheques and pre-authorized payments) by using overdraft funds when the business account balance reaches zero.
Eligibility
Who is eligible?
- Small and medium-sized enterprises (SMEs)
Processing and Agreement
- CIBC verifies your application information and reviews your credit profile.
- If your application meets CIBC’s borrowing criteria, CIBC approves you for a specific overdraft amount, interest rate, and repayment term.
- After approval, you accept the offer and sign the required documents.
- Once documents are signed, you can access the overdraft directly through your business bank account.
- For most applications, funds may be available in as little as 2 days.
Additional information
- Interest is charged only on the overdraft amount actually used (not on the full approved limit).
- Deposits made to the CIBC business account are credited against the overdraft balance, which can reduce interest costs.
- The overdraft can be used in CAD or USD (depending on approval).
- Funds may be available in as little as 2 days for most applications (after acceptance and signing required documents).
Contacts
Frequently Asked Questions about the CIBC — Business overdraft Program
What is the CIBC — Business overdraft?
CIBC’s Business overdraft provides access to up to $10,000 to help businesses manage occasional credit needs and unexpected cash shortfalls. Eligible activities include covering day-to-day business expenses and avoiding missed payments by using overdraft funds through cheques, online or mobile banking, or ATM withdrawals.
How much funding can be received?
CIBC — Business overdraft Funds up to $10,000 of admissible expenses.
Who is eligible for the CIBC — Business overdraft program?
To be eligible for the CIBC — Business overdraft program, you must:
Industry experience.
Positive revenue for 12–24 months.
Good credit score.
What expenses are eligible under CIBC — Business overdraft?
Cover unexpected business expenses and short-term cash flow shortfalls using overdraft protection on a CIBC business account.
Avoid missed payments (such as cheques and pre-authorized payments) by using overdraft funds when the business account balance reaches zero.
Who can I contact for more information about the CIBC — Business overdraft?
You can contact Canadian Imperial Bank of Commerce (CIBC) or by phone at 1-866-992-7223.
Where is the CIBC — Business overdraft available?
The CIBC — Business overdraft program is available across Canada.
Is the CIBC — Business overdraft a grant, loan, or tax credit?
CIBC — Business overdraft is a Loans and Capital investments