All fees are subject to change by CIBC.
1 The setup fee is payable when the business signs the loan agreement. The business agrees to pay the setup fee or any other fees stated in the loan agreement or otherwise advised by us.
2 The business agrees to pay the renewal fee. You're charged the renewal fee not more than once every 12 months from the offer effective date.
3 The amendment fee is payable when the business signs the loan agreement. The business agrees to pay the amendment fee or any other fees stated in the loan agreement or otherwise advised my us.
4 Make the same monthly payments over a certain amortization period.
5 Make the same monthly principal payments while steadily decreasing interest payments. As the outstanding principal declines, so does the monthly interest amount.
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