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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Term Loans

Access to the financing you need to help your business continue to grow.

Whether you need to purchase equipment, acquire property, expand your facilities, acquire another business or consolidate your debts, BMO® offers a range of loan options to help you finance those expenditures — with flexible terms and payment options to suit your needs.

BMO Fixed-Rate Term Loan

If you need to purchase capital assets and are looking for a longer term loan with predictable payments and protection from rising interest rates, this loan option could be the ideal solution.

Features to meet your need for predictable, manageable payments

  • Terms of up to 5 years
  • Amortization periods of up to 15 years
  • Principal repayment options: monthly, quarterly, semi-annual and annual1
  • Principal plus interest or blended monthly payments (blends both principal and interest) are available and are fixed for the term selected
  • Enjoy greater security and peace of mind for you and your business by insuring your loan with the optional Commercial Loan Insurance Plan

Subject to meeting Bank of Montreal’s usual credit granting criteria.
1Prepayment only on an exception basis and is subject to an added charge during the period of the term selected.

BMO® Variable-Rate Loan

If you need to borrow to purchase capital assets and want to take advantage of lower rates when rates are falling, or fix the rate when it begins to rise, this loan option could be the ideal solution.

Convenient, flexible features

  • Amortization periods of up to 15 years
  • Principal repayment options: monthly, quarterly, semi-annual and annual
  • Prepayment of principal is permitted without penalty
  • 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
  • Switch to a Fixed-Rate Term Loan at any time
  • Enjoy greater security and peace of mind for you and your business by insuring your loan with the optional Commercial Loan Insurance Plan

Subject to meeting Bank of Montreal’s usual credit granting criteria.
1Prepayment only on an exception basis and is subject to an added charge during the period of the term selected.
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