Fast Track Business Loans from $15,000 to $100,000 – CIBM makes getting the money you need for your business quick and easy. Fast Track Business loans include quick approvals, no fees, and attractive interest rates.
| Term Loans | Lines of Credit | |
|---|---|---|
| Typical Use | Financing of purchases including equipment, vehicles, etc., with short term payoffs | Short term working capital to finance items such as seasonal inventory increases & accounts receivable gaps |
| Terms | 3 or 5 Years | Revolving and must pay down to $0 for 30 days annualyy. If not, subject to payment in full or balance is termed out at maturity. |
| Approval Time | 3 days | 3 Days |
| Personal Guarantee | Yes | Yes |
| Annual Fee | No | No |
| Payments | Auto debited from a CIBM Bank account | Auto debited from a CIBM Bank account |
| Access to funds | Lump sum paid at closing | Contact your local CIBM Bank branch to transfer funds to your CIBM Bank account as needed |
| Items needed for application | Application, Personal Financial Statement, 2 years of tax returns, Agreement and Resolution Authorizing Signers | Application, Personal Financial Statement, 2 years of tax returns, Agreement and Resolution Authorizing Signers |