posted on July 5, 2023
A Confidential Information Memorandum (CIM) is a marketing document used to tell the company's story, history, current status, and future potential. Used to raise capital, it is most often used when raising equity or selling a business. Depending on the size of the loan, many lenders do not require this. However, it summarizes the business plan, financial history, and forecast, so it doesn't hurt to have one.