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CIBC Innovation Banking launched in January of 2018 with CIBC's acquisition of the assets of Canadian specialty finance firm Wellington Financial. Wellington Financial was a privately held specialty finance firm providing term and amortizing loans up to $30 million and venture debt loans up to $10 million. For bootstrapped, angel-backed or venture-backed firms with negative or intermittent cash flow, CIBC can provide venture debt, term debt, Scientific Research and Experimental Development (SRED) financing and lines of credit. For more mature companies, CIBC can structure working capital, term debt, growth, and acquisition financing solutions for standalone and venture capital or private equity-backed firms, with loan syndication capabilities well in excess of $100 million. As a North American financial institution, CIBC has a market capitalization of over $50 billion.
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