Accessibility Quick Links
Black Entrepreneur Program Loan
Loan amounts
For equipment and leasehold improvements
For working capital loans
For equipment and leasehold improvements
For working capital loans
First 12 months
After 12 months
Interest rate
There is no penalty for early repayment
Partnerships that unlock potential
The Canadian Black Chamber of Commerce (CBCC)
In partnership with CIBC, the CBCC offers support for black-owned businesses through mentoring, advocacy, promotion, training and development. You can also get help crafting a business plan or financial documents.
Black Opportunity Fund (BOF)
The BOF aims to improve the social and economic well-being of Canada’s Black communities by funding Black-led businesses. Apply for non-repayable business loans of up to $2,000.
The BlackNorth Initiative
Founded by Wes Hall and co-chaired by CIBC President and CEO, Victor G. Dodig, The BlackNorth Initiative is on a mission to end anti-Black systemic racism by using a business-first mindset.
Learn about The BlackNorth Initiative Opens in a new window.
Stories for business owners like you
Honouring family with the help of the CIBC Black Entrepreneur Program
Jennifer Robertson and her Aunty Linda dreamt of opening a West Indian restaurant in Edmonton. After her aunt passed, Jennifer persevered in her honour.
Building for Success: Tips from Lawyer and Entrepreneur Charles Osuji
"Running a law firm is no child’s play. You are both a lawyer and a business owner. Grow slowly. Focus on good customer service. Be kind to your staff."
Read article (2 minutes) about running a successful law firm and business.
Investing more in the Black community to help entrepreneurs achieve their ambitions
Additional funding includes a $15 million loan program and other supports to create greater access to opportunities.
Learn more about CIBC’s investments in the Black community. Opens in a new window.
At the outset of Black History Month, Victor G. Dodig, President and CEO, CIBC, spoke about CIBC’s commitment to driving progress through engagement and investment.
Learn more about how CIBC is engaging for a more equitable future. Opens in a new window.
Start your banking relationship with us today
Get exclusive business and personal banking offers to build your business on a solid financial foundation.
Keep your business finances organized with our cost-effective account. Access your account anywhere, anytime with CIBC Online and Mobile Banking. Only pay for the transactions you make.3
Exclusive offer
Save on fees with a monthly account fee waiver for eligible accounts
Earn points that don’t expire4, and combine your Aventura business and personal credit card points to reward yourself sooner.
Exclusive offer
First 2 years' annual fee rebated5
Get flexible access to the funds you need for big ticket purchases or to consolidate higher interest debt.
Exclusive offer
0.50% off the CIBC approved rate6
Simplify your banking with one full-service account.
Exclusive offer
No monthly fee for 24 months7
Start earning up to 4% cash back on your everyday purchases.8
Bundle and save
Receive an ongoing annual fee rebate with your CIBC Smart Plus Account.9
Or get an annual fee rebate for the first 2 years.‡
Skip the trip to the branch and bank online, any time. Access your account information, transfer funds and conveniently pay your employees and suppliers, so you can spend more time running your business.
Business tips, guides and expert advice
Financial forecasting 101
Learn how to build a projection of the potential revenue, expenses and cash on hand that your business could expect over the coming year.
How credit can impact your start-up
Understand the differences between personal credit and business credit and which you should choose for financing your business.
Read article (6 minutes) about how credit can impact your start-up.
Tips for starting a business
Proper planning and checking off the right tasks on your to-do list can help you start strong when launching your new business.
Smart Advice for Business
Explore more success stories and expert business advice.
Frequently Asked Questions
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