Southwest Middlesex Obtains $7 Million CIBC Loan Facility
Municipality of Southwest MiddlesexCity · Glencoe, ON- Disclosed value
- $7,000,000 demand installment loan facility; $3,000,000 drawn subsequent to year-end
- From agendapacket
- Document date
- Nov 4, 2026
The 30-second brief
Southwest Middlesex obtained a $7 million demand installment loan facility from Canadian Imperial Bank of Commerce and drew $3 million after year-end. The facility is interest-only for 24 months from the first advance and then amortizes over 10 years.
Canadian Imperial Bank of Commerce holds this financial services contract with Municipality of Southwest Middlesex. Its other public contracts on record include work for Village of Fraser Lake and Township of Ignace.
Term as filed: Interest-only for 24 months from the date of the first advance, then repayable over 10 years.
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Contract details
- Contract type
- Financial Services
- Amount
- $7,000,000 demand installment loan facility; $3,000,000 drawn subsequent to year-end
- Document date
- November 4, 2026
- Term
- Interest-only for 24 months from the date of the first advance, then repayable over 10 years
- Source document
- Municipality of Southwest Middlesex AgendaPacket Regular Council Meeting 2026-11-04 (AgendaPacket)
Canadian Imperial Bank of Commerce's other public contracts
More Municipality of Southwest Middlesex contracts
Questions about this contract
Who was awarded the financial services contract by Municipality of Southwest Middlesex?
Canadian Imperial Bank of Commerce was awarded this financial services contract by Municipality of Southwest Middlesex, as recorded on November 4, 2026. The contract value is $7,000,000 demand installment loan facility; $3,000,000 drawn subsequent to year-end.
How much is the Canadian Imperial Bank of Commerce contract with Municipality of Southwest Middlesex worth?
The Canadian Imperial Bank of Commerce contract with Municipality of Southwest Middlesex is valued at $7,000,000 demand installment loan facility; $3,000,000 drawn subsequent to year-end, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Municipality of Southwest Middlesex AgendaPacket Regular Council Meeting 2026-11-04 (AgendaPacket), dated November 4, 2026 from Municipality of Southwest Middlesex. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Canadian Imperial Bank of Commerce hold?
Canadian Imperial Bank of Commerce may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Municipality of Southwest Middlesex currently buying?
Explore Municipality of Southwest Middlesex's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.