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CIBC to offer fast online loans to small businesses

The Canadian Imperial Bank of Commerce has partnered with Thinking Capital to offer fast online loans to small business owners. With the initiative, applications for loans up to $ 300,000 will be made online and decisions will be provided within minutes and funds within days. CIBC business and corporate executive Jon Hountalas said the partnership is about leveraging innovation to broaden the options for existing business clients and attract new business and personal banking relationships to CIBC. According to the agreement, loans will be funded by Thinking Capital.

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