Small Business 101
Small business 101
How CIBC’s ‘one-team’ approach provides holistic support for your business
Learn how our advisors provide customized help with your banking, so you can stay focused on running your business.
Michelle Way
Oct. 31, 2022
4-minute read
At CIBC we believe that better relationships give way to better business.
From coast to coast, we strive to facilitate the relationship between our clients and their communities. We believe in a ‘one-team’ approach to holistically support your business. As many business owners begin their journey or recover from the ups and downs of the pandemic, CIBC is here to help.
So what makes us different at CIBC? Our team of highly skilled business advisors offer the specialization you need to help your business thrive. Our advisors do more than just offer you boilerplate advice. Instead, they get to know their clients, their business and goals in order to provide advice tailored to help them take the next step in their journeys.
How we meet you where you’re at
We’ve structured our team to ensure that business clients are matched with an advisor who specializes in their business life stage. This ensures that you get real help from an advisor knowledgeable about your specific business need, whether you’re starting up or continuing to grow.
Depending on what phase of development your business is at, you might be matched with one of these experts:
- Associate Business Advisor: Our Associate Business Advisors have the tools and solutions to help with your immediate business banking needs, whether you’re just starting your business and need to open your first business account, or you’re a few years into your journey and need your first line of credit or loan.
- Senior Business Advisor: As your business grows and your cash management and credit needs change, a Senior Business Advisor can help with tailored advice and business planning that supports your goals.
For instance, cash flow is vital to the health of any business and the number one concern that keeps business owners up at night. To assist with this crucial worry, our advisors have access to the CIBC Cash Flow Planning Tool. They’ll use the tool to analyze your financial statements and create scenarios to show the impact of changing cash flow drivers, such as an increase or decrease in sales, accounts receivable days, inventory days and payable days. Our advisors will also guide you with advice and solutions to help your business thrive and help you manage any cash shortfalls or surpluses.
Our Senior Business Advisors can also support your borrowing needs as they become more complex, guiding you to the right credit products to help your business grow.
- Business Planning Consultants: Our in-house experts, Business Planning Consultants, work with our Senior Business Advisors to make even the most complex cash management and lending matters easy. They’ll connect with you and an advisor to provide specialized advice and solutions to meet the needs of your business. Business Planning Consultants are subject matter experts in many areas related to business banking and they are here to help with advice for your deposits, cash management and credit needs.
Celebrating client success stories
Using CIBC’s one-team approach to banking, our dedicated team of advisors are able to seamlessly help make their client’s ambitions a reality. Check out the following client stories that demonstrate the kind of help clients can expect from their CIBC advisor:
“[Shayla Barker Klaczko] never let me think small, and she always gave me choices. Having people around you that understand what you’re doing and want to support you is everything. That’s what CIBC has done for me.”
Support from their CIBC Business Advisor, Manuel (Manny) Cordovilla also helped the team navigate rapid changes to cash flow, operational costs and government programs. “We’ve successfully maneuvered Garden Health through the COVID-19 pandemic with the help of people like Manny at CIBC,” Deanna shared. “As our advisor, Manny was always quick to reply, offering us helpful support, sharing opportunities to increase our visibility and encouraging us as small business owners.”
