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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Lines Of Credit

Access to financing allows you to take advantage of every business opportunity.

An operating line of credit provides flexibility to cover day-to-day operating requirements. You can borrow in either Canadian or U.S. funds, and you can choose between a floating and fixed rate of interest.

Operating Line Of Credit

If your borrowing needs exceed $50,000, this line of credit – which can be attached to any business deposit account – offers the convenience and easy access of an all-in-one account to finance your working capital needs 2. If your business transactions occasionally extend into the United States, you can borrow in U.S. dollars.


Convenient, accessible features:

  • Combines the operating loan, deposits and day-to-day banking services into one convenient operating account
  • Cheques can be drawn down on the operating loan
  • Automatic credit against outstanding loans when deposits made
  • Easy 24/7 access2 to funds via online or telephone banking and ATM machines
  • Keep track of cash flow with a convenient monthly statement
  • Interest rate fluctuates based on BMO®’s Prime Rate plus an increment
  • Available in U.S. Dollars, based on BMO’s U.S. Base Rate plus an increment
  • Fixed monthly facility fee
  • Enjoy greater security and peace of mind for you and your business by insuring your loan with the optional Commercial Loan Insurance Plan


1Subject to meeting Bank of Montreal’s usual credit granting criteria.
2Subject to interruptions in online systems or in power supply or any other factor or event beyond the control of Bank of Montreal.

Fixed-Rate Operating Loan

Whether you need financing for 30 days or 364, this convenient operating loan1 can provide the funds you need, while offering protection from short-term interest rate fluctuations.


Convenient, cost-effective features:

  • Available in 30-day to 364-day terms
  • A $50,000 minimum is required
  • Loans are on a demand basis and prepayments are not permitted
  • Principal is payable in full at the date of maturity
  • Enjoy greater security and peace of mind for you and your business by insuring your loan with the optional Commercial Loan Insurance Plan


1 Subject to meeting Bank of Montreal’s usual credit granting criteria.

Agri ReadiLine® Line Of Credit

Whether you need to buy feed, seed or other farm inputs, purchase equipment, install green power systems or simply cover daily expenses, this pre-arranged, mortgage-secured line of credit can provide the single, convenient financing solution you need.

2rate subject to change without notice at any time.
3rate applies to loans made by the Bank in Canada in U.S. dollars.
Questions? Ready to Apply?
Prime Rate %
US Base Rate2,3 %