What You’ll Be Doing Based in Toronto and operating under a national mandate within CIBC’s Corporate Finance division, CIBC’s Asset-Based Lending group (“CIBC ABL”) provides clients with bespoke financing structures secured primarily by accounts receivable, inventory, and fixed assets. Operating individually or as the Agent in a larger syndicate, CIBC ABL executes loans for a wide variety of asset-heavy industries such as retailers, wholesalers, industrials, manufacturing, commodities, defense, and equipment rental. ABL loans typically have fewer covenants and higher advance rates than traditional financing due to close monitoring and control of collateral. This specialized lending is best suited for companies with higher working capital leverage due to rapid growth, cyclical swings, seasonal requirements, undergoing acquisitions or recapitalizations, or, in some instances, financial restructuring / distress. ABL loans provide greater flexibility than typical credit models for collateral rich companies, with revolving lines of credit ranging from $20MM to $500MM+ and covering both the mid-market and large corporate sectors. CIBC ABL is the most established

📌 Associate, Asset Based Lending, Corporate Finance (Toronto)
🏢 Canadian Imperial Bank of Commerce
📍 Toronto