CIBC Bank USA
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by CIBC Bank USA
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621610 | Home Health Care Services | 560 | $249.5M | $446K | 21.3% |
| 722511 | Full-Service Restaurants | 112 | $48.9M | $437K | 4.3% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 80 | $31.6M | $395K | 3.0% |
| 238990 | All Other Specialty Trade Contractors | 80 | $75.6M | $945K | 3.0% |
| 811111 | General Automotive Repair | 72 | $39.1M | $543K | 2.7% |
| 561720 | Janitorial Services | 72 | $32.7M | $454K | 2.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 64 | $31.9M | $498K | 2.4% |
| 492110 | Couriers | 48 | $42.8M | $891K | 1.8% |
| 453910 | Pet and Pet Supplies Stores | 48 | $22.7M | $472K | 1.8% |
| 541410 | Interior Design Services | 48 | $41.8M | $870K | 1.8% |
Geographic Distribution
SBA lending activity for CIBC Bank USA by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 384 | $274.1M | 14.6% |
| California (CA) | 208 | $177.2M | 7.9% |
| North Carolina (NC) | 168 | $148.5M | 6.4% |
| Florida (FL) | 256 | $130.6M | 9.8% |
| Missouri (MO) | 152 | $111.1M | 5.8% |
| Texas (TX) | 168 | $98.6M | 6.4% |
| Ohio (OH) | 120 | $78.9M | 4.6% |
| Arizona (AZ) | 88 | $66.8M | 3.4% |
| New York (NY) | 112 | $63.6M | 4.3% |
| Nevada (NV) | 80 | $54.8M | 3.0% |
| Virginia (VA) | 80 | $53.2M | 3.0% |
| Connecticut (CT) | 56 | $51.8M | 2.1% |
| Colorado (CO) | 96 | $50.4M | 3.7% |
| Georgia (GA) | 104 | $46.7M | 4.0% |
| Michigan (MI) | 72 | $38.6M | 2.7% |
| Wisconsin (WI) | 56 | $35.0M | 2.1% |
| Pennsylvania (PA) | 56 | $31.3M | 2.1% |
| Kansas (KS) | 48 | $31.1M | 1.8% |
| Indiana (IN) | 48 | $22.8M | 1.8% |
| Tennessee (TN) | 32 | $18.6M | 1.2% |
| Minnesota (MN) | 16 | $18.6M | 0.6% |
| Wyoming (WY) | 16 | $11.8M | 0.6% |
| Alabama (AL) | 16 | $11.4M | 0.6% |
| Utah (UT) | 16 | $9.8M | 0.6% |
| South Carolina (SC) | 16 | $8.8M | 0.6% |
| Louisiana (LA) | 8 | $8.0M | 0.3% |
| Oregon (OR) | 24 | $7.2M | 0.9% |
| Nebraska (NE) | 16 | $7.1M | 0.6% |
| Oklahoma (OK) | 16 | $7.1M | 0.6% |
| Delaware (DE) | 16 | $5.7M | 0.6% |
| Hawaii (HI) | 8 | $5.7M | 0.3% |
| Maryland (MD) | 16 | $5.7M | 0.6% |
| Washington (WA) | 16 | $3.9M | 0.6% |
| New Jersey (NJ) | 16 | $3.2M | 0.6% |
| Kentucky (KY) | 16 | $2.6M | 0.6% |
| New Hampshire (NH) | 8 | $2.3M | 0.3% |
Why Choose CIBC Bank USA?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,624 SBA loans approved, totaling $1.70B in financing
- ✓Industry Expertise: Specialized focus on Home Health Care Services, Full-Service Restaurants, Drycleaning and Laundry Services (except Coin-Operated)
- ✓Competitive Terms: Average interest rate of 7.37% with flexible term lengths averaging 111 months
- ✓Loan Range: Loan sizes from $20K to $5.0M, with an average of $649K
- ✓Nationwide Reach: Active lending in 36 states, with strong presence in IL, FL, CA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about CIBC Bank USA SBA lending
What types of businesses does CIBC Bank USA typically finance?
CIBC Bank USA specializes in SBA 7(a) lending to specific industries including home health care services, full-service restaurants, drycleaning and laundry services (except coin-operated), all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are CIBC Bank USA's typical SBA loan terms?
CIBC Bank USA's SBA 7(a) loans typically feature an average interest rate of 7.37% and average term length of 111 months (approximately 9 years). Loan sizes range from $20K to $5.0M, with an average loan size of $649K.
Do I need a business valuation for a CIBC Bank USA SBA loan?
Yes, CIBC Bank USA typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does CIBC Bank USA compare to other SBA lenders?
CIBC Bank USA has originated 2,624 SBA loans totaling $1.70B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does CIBC Bank USA lend in?
CIBC Bank USA provides SBA 7(a) financing with particularly strong presence in IL, FL, CA, TX, NC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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