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CIBC — Business overdraft

Q: How much funding can be received?

CIBC — Business overdraft Funds up to 10000% of admissible expenses.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the CIBC — Business overdraft a grant, loan, or tax credit?

CIBC — Business overdraft is a Loans and Capital investments

Q: Who are the financial supporters of the CIBC — Business overdraft?

CIBC — Business overdraft is funded by Canadian Imperial Bank of Commerce (CIBC)

Q: 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.

Q: 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.

Q: Where is the CIBC — Business overdraft available?

The CIBC — Business overdraft program is available across Canada.

Last Update: February 5, 2026

Canada

Flexible overdraft protection to manage short-term cash flow needs

Loans and Capital investments

Canadian Imperial Bank of Commerce

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Other info

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At a glance

Funding available

Financing goals

No objectives are currently available

Eligible Funding

Maximum amount : 10,000 $

Timeline

Unspecified

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

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.

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

The business owner has relevant industry experience.
The owner has personal financial investments in the company.
The business has generated positive revenue (inflows exceed outflows) for at least 12 to 24 months.
The applicant has a good credit score.
The applicant has a detailed business plan.

Who is eligible?

Small and medium-sized enterprises (SMEs)

Selection criteria

Compliance with CIBC’s borrowing criteria, assessed based on the information provided and the credit profile.

How to apply

Review overdraft details

Review the business overdraft offering and key features
Confirm the overdraft basics (up to $10,000; CAD or USD; variable rate; secured or unsecured)

Check eligibility criteria

Check that you have industry experience
Confirm you have personal financial investments in the company
Ensure your business has had positive revenue for 12 to 24 months
Confirm you have a good credit score and a detailed business plan

Prepare supporting documents

Gather the documents required for your appointment
Use the business credit application document checklist (PDF) as a reference

Contact a business advisor

Contact the Business Client Advice Centre
Meet with a business advisor to review your finances and borrowing needs

Receive the credit decision

Have CIBC verify your information and review your credit profile
Receive an approval decision with a specific amount, interest rate and repayment term (if criteria are met)

Accept offer and access funds

Accept the offer and sign the required documents
Start using funds directly from your business bank account (as little as 2 days for most applications)

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

1-866-992-7223

Canada

Apply to this program

Frequently Asked Questions about the CIBC — Business overdraft Program

Here are answers to the most common questions about the CIBC — Business overdraft. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.