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Lines of Credit
Access to financing allows you to take advantage of every business opportunity.
Whether you need to cover day-to-day operating requirements or pursue a unique business opportunity, a line of credit can provide you with the financing you need when you need it most.
Small Business Line of Credit/ Homeowner’s Line of Credit
Borrow only the amount you need – and at a competitive variable interest rate – with these simple, flexible and fast financing solutions.
Convenient, flexible features to keep you in control of costs
- For credit needs up to $250,000, one simple no-fee application
- Convenient access to between $5,000 to $100,000 for an unsecured line of credit1, and from $25,000 to $250,000 for a secured line of credit1
- Easy access to funds through a BMO® Debit Card for Business or by cheque
- Keep track of cash flow with a convenient monthly statement
- Switch to an Installment Option at any time
1Subject to meeting Bank of Montreal’s usual credit granting criteria.
Small Business Homeowner’s ReadiLine®
Small Business Homeowners ReadiLine fulfills a dual role as both a mortgage and line of credit. Whether you need to fund day-to-day operating requirements or access longer-term financing, you can use the equity in your home to access the necessary funds.
Convenient, flexible features to keep you in control of costs
- For credit needs up to $250,000, one simple no-fee application
- Easy access to funds through a BMO® Debit Card for Business or by cheque
- Keep track of cash flow with a convenient monthly statement
Commercial Line of Credit
When you need to cover day-to-day operating expenses, you’ll have the additional money you need through this convenient line of credit1.
Convenient, flexible features to put you in control
- Borrow up to your credit limit without having to reapply each time you need cash. As you repay, money is available to be borrowed again.
- Flexible credit limits of $5,000 to $100,000 (unsecured line of credit1), and $25,000 to $250,000 (secured line of credit1)
- Control costs with a very competitive interest rate
- Easy access to funds through your BMO® Debit Card for Business at any branch, by cheque or pre-authorized debits/credits
- Available to Canadians who have been operating a profitable business for at least two years (not-for-profits, holding companies and real estate developers/investors/operators are ineligible)
- Enjoy greater security and peace of mind for you and your business by insuring your loan with the optional Commercial Loan Insurance Plan
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.
3rate applies to loans made by the Bank in Canada in U.S. dollars.
