The Bank of Montreal has been a player in the entrepreneurial game for many decades, and many Canadian businesses have them to thank for what they are today. Since they’re one of the country’s five largest banks, you’ll have the potential to access a sizable amount of business financing, whether it be through a loan, line of credit, or other related product. Have a look at their detailed website, which showcases their variety of business lending services. If you’d prefer to speak to an expert in person, you can also book an appointment and stop by any branch in their countrywide network.
Services & Products
Bank of Montreal (BMO) Offered Services
Business Loan
Loan Range
Up to $500,000
Interest Rate
–
Terms (Months)
Up to 15 years
Funding Time
May vary based on product type/financing amount
Funding Method
Direct deposit
Repayment Options
Flexible
Eligibility
Must operate a registered Canadian businessOther conditions may apply during approval process
Requirements & Documents
Presentable business planOther documents may be required when applying
Customer Experiences
What Customers Are Saying About Bank of Montreal (BMO)
G
Gianna
Rated 5 out of 5
Love BMO, do all my banking with them and even got my mortgage through them!
E
EC
Rated 1 out of 5
I had been banking with them for a few years but should have been banking elsewhere. Terrible and useless service!
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Spring Financial is an online consumer lending company that offers innovative financial and credit-building solutions designed to give Canadians the opportunity to build credit, save money and borrow responsibly.With many Canadians struggling with high-interest debt and limited financing options, Spring Financial strives to provide Canadians with affordable and accessible financial products that can help them achieve greater financial freedom. Among their growing suite of smart money solutions, Spring Financial offers $1,500 cash advances, personal loans up to $35,000, and a credit-building program that helps you build credit and save money.
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The MogoMini line of credit offers Canadian consumers a great personal loan alternative. Borrowers can access up to $5,000, spend what they need when they need it, make the automatic minimum payments, and finally control their own principal payments. This Mogo product is flexible and users can test drive their line of credit for 100 days to see if it’s the right fit. Access their easy online application via your MogoMoney dashboard and get pre-approved in 3 minutes with no impact on your credit.
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