What are the features?
An opportunity to access financing where 85% of your small business loan is guaranteed by Government of Canada, so there’s less risk- Up to $500,000 footnote 1 in financing to buy equipment and vehicles, and/or make improvements on a leased property
- Up to $1,000,000 footnote 1 in financing to buy or improve commercial property (land and/or buildings)
- Purchases made within 365 days prior to loan approval are eligible for retroactive financing
- Floating and fixes rates available
- Amortizations up to 15 years
- Flexible repayment options that work for you – up to 6 month interest only the first year
Who’s it for?
- Start-ups and established for-profit businesses located in Canada with gross (or projected) revenues not exceeding $10 million
- Organizations not eligible include farming businesses, holding corporations and trusts
How do I apply?
Bring your business plan to your local BMO branch and speak with a BMO representative. There is a one-time 2% registration fee payable to the Government of Canada, which can be financed within the loan.
Loan Protection Options
Protect your business, family and employees with Commercial Loan Insurance Plan
Qualify for up to $1,000,000 footnote 1 in benefits
Get help with cash flow during uncertain times
Connect with us
Book an appointment
Choose the date, time and branch location.
Call us
Give us a call, 24 hours a day, 7 days a week.
Find a branch
And talk to us about your business
Footnote 1 details Subject to meeting Bank of Montreal's usual credit granting criteria.