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Loans & Commercial Mortgages

 

A growing business needs access to funds to stay competitive and realize its full potential. Whatever the size and type of your business, we have borrowing solutions to help you succeed.

 



Not sure where to start?

 

Let us help you find what you need by telling us a bit about your business.

 

Number of years in business

 

Annual revenue

 

Number of employees

 

 

Where You’re At

Starting Out

 

Sounds like you’re getting your business started. We have products, tips and tools that can help you get your business off the ground.

 

 

Growing Your Business

 

Looking to grow your business? We can help you build on what you’ve established, with services and solutions designed to take your business to the next level.

 

Managing Your Business

 

We can help you run your business more efficiently with cash flow, payroll and payment solutions that will make your day-to-day operations easier.

 

Transitioning

 

We can help you get the most out of what you put into your business, with succession and retirement planning services to suit your needs.

 

 


Banking with Us

We have bank accounts and plans designed to suit the needs of your business. Find the best match for you.


Credit Cards

Looking to separate your business and personal expenses? Explore our selection of Business Credit Cards.


Business Borrowing

Whether you’re looking to expand or to simply improve your cash flow, we have loans and lines of credit that can help.


Commercial Borrowing

We offer flexible borrowing solutions designed to help larger businesses grow and operate more efficiently.


Accepting Payments

Enjoy access to innovative, industry-leading payment solutions that make it easier for your customers to pay you.


Payroll Services

We can help make payday easier, with payroll solutions that ensure your employees are paid and taxed accurately.


Paying Taxes

We can help you file and pay government taxes online, including payroll source deductions, corporate income tax, GST and PST.


Cash Management

Our extensive cash management solutions can help you efficiently manage your payables, receivables, liquidity and risk.


Corporate Cards

Looking to simplify, control and monitor employee spending? Explore our wide range of corporate card options.



Small Business Loans & Lines of Credit

 

Every business has different financing needs. A line of credit is a flexible and convenient borrowing option that offers the financing you need, up to an approved limit, when you need it – without having to reapply.

 

Our lines of credit are perfect for covering day-to-day operating costs or pursuing a unique and time-sensitive business opportunity. A loan, on the other hand, is best suited for one-time, larger expenses. Our small business and commercial loans come with a range of terms and payment options that give you the flexibility to successfully manage your business, and your money.


Small Business Lines of Credit for Ongoing or One-Time Financing Needs

 

 

Small Business
Line of Credit

 

  • A simple and flexible financing solution
  • Borrow what you need, when you need it1
  • Pay interest only on what you take out
  • Get easy access to funds
  • One-time, no-fee application

 

 

Homeowner’s
Line of Credit

 

  • A line of credit that uses your home as collateral
  • Borrow what you need, when you need it1
  • Interest only payment feature available
  • Get easy access to funds
  • One-time, no-fee application

 

 

Small Business
Homeowner's ReadiLine®

 

  • Use the equity in your home to bring down your cost to borrow1
  • Combines both a mortgage and a line of credit
  • One time no-fee application
  • Predictability with defined instalment payments (mortgage part)
  • Fund day-to-day expenses and access longer-term financing

 

 

Operating
Line of Credit

 

  • Perfect if you need to borrow $50,000 or more
  • An all-in-one operating account
  • Easy, 24/72 access to funds
  • Borrow in U.S. dollars, if you need to

 

 

Agri ReadiLine® Line of Credit

 

  • A mortgage-secured line of credit
  • Cover daily expenses or make major purchases
  • A single, convenient borrowing option

 

 

U.S. Dollar Line of Credit from BMO Harris Bank3

 

  • Access the funds you need directly from a bank in the United States
  • Ideal for short-term borrowing
  • Cover business expenses in U.S. dollars

 

 

Commercial Loan Insurance Plan

 

  • Protect your business with creditor insurance
  • Qualify for up to $1,000,000 in benefits1
  • Get help with cash flow during uncertain times
  • Receive compensation for lost business due to illness or death

 

Small Business Loans to Help you Start or Grow Your Business

 

 

Small Business Installment Loan

 

  • Access financing with control over interests rates
  • Protect your business cash flow
  • Simple, no-fee application (for loans up to $250,0001)

 

 

Installment Loan Plan (ILP)

 

  • Fixed rate, flexible, longer-term loan
  • Perfect if you need predictable, management payments
  • Limits available up to $500,0001
  • A range of repayment and amortization term payments

 

 

Fixed-Rate Term Loan

 

  • An ideal solution if you're buying capital assets
  • Terms up to 5 years
  • Amortization periods up to 15 years
  • Avoid interest rate fluctuations

 


 

Variable-Rate Term Loan

 

  • Save money when interest rates go down
  • Switch to a fixed rate at any time
  • Flexible repayment options
  • Choose your amortization period

 

 

Canada Small Business Financing Program

 

  • Finance capital expenditures with this federal government-guaranteed program
  • Receive up to 90% financing to a maximum of $500,0001 in aggregate financing
  • Terms of up to 10 years

 

U.S. Loans from BMO Harris Bank3

 

  • Reduce paperwork and get the funds in U.S. dollars you need faster
  • Ideal if you need to borrow up to $100,0003 or less
  • Access more than 280 locations in the United States
  • Plan ahead with a predictable repayment schedule

 

 

Commercial Loan Insurance Plan

 

  • Protect your business with creditor insurance
  • Qualify for up to $1,000,0001 in benefits
  • Get help with cash flow during uncertain times
  • Receive compensation for lost business due to illness or death

 


Other Things to Consider

 

When you apply for a loan or line of credit, there are some questions you should keep in mind, to help you choose the best borrowing solution for your business.

 

  • Do you want ongoing access to credit or finance a one-time purchase?
  • Do other partners or employees need access to credit?
  • Do you want a set repayment schedule?
  • Are you comfortable with variable interest rates, or do you need a fixed rate?
  • Can you comfortably carry the cost of repaying your loan or line of credit?

You may also want to consider opening a Business Bank Account with us.

 


Commercial Loans & Lines of Credit

 

Every business has different financing needs. A line of credit is a flexible and convenient borrowing option that offers the financing you need, when you need it – without having to reapply. Our commercial lines of credit are perfect for covering day-to-day operating costs or pursuing a unique and time-sensitive business opportunity.

A loan, on the other hand, is best suited for one-time, larger expenses. Our commercial loans come with a range of terms and payment options that give you the flexibility to successfully manage your business, and your money.


 

Commercial Lines of Credit for Ongoing or One-Time Financing Needs

 

 

 

Operating Line of Credit

 

  • Perfect if you need to borrow $50,000 or more
  • An all-in-one operating account
  • Easy, 24/72 access to funds
  • Borrow in U.S. dollars, if you need to

 

 

Farm Equipment ReadiLine®

 

  • Ideal for buying new or used farm equipment
  • Pre-arranged line of credit that’s separate from your general operating line

 

 

Agri ReadiLine Line of Credit

 

  • A mortgage-secured line of credit
  • Cover daily expenses or make major purchases
  • A single, convenient borrowing option

 

Commercial Loans that Could Help Take Your Business to the Next Level

 

 

Fixed-Rate Term Loan

 

  • An ideal solution if you’re buying capital assets
  • Terms up to 5 years
  • Amortization periods up to 15 years
  • Avoid interest rate fluctuations

 

 

Variable-Rate Term Loan

 

  • Save money when interest rates go down
  • Switch to a fixed rate at any time
  • Flexible repayment options
  • Choose your amortization period

 

 

Commercial Loan Insurance Plan

 

  • Protect your business with creditor insurance
  • Qualify for up to $1,000,0001 in benefits
  • Get help with cash flow during uncertain times
  • Receive compensation for lost business due to illness or death

 


Find what you were looking for?

 

If you need more information or have any questions, speak with one of our commercial experts to get the answers you’re looking for.

Learn about our cash management options.

 

Commercial Cash Management

 

 

Own an auto dealership? We have specialized borrowing solutions for you business.

 

Solutions for auto dealerships

Want an integrated solution?

 

Our Corporate Finance Division provides mid-sized companies with a single point of access to commercial products and customized solutions that can help take your business to the next level.

 


Commercial Mortgages

 

Whether you’re acquiring new premises, expanding your facilities or need to refinance or consolidate current debt, our selection of commercial mortgages come with a range of terms, amortization periods and repayment schedules to meet your needs.

 

 


 

Commercial Mortgage1

 

  • Wide range of fixed-rate terms available
  • Choose from 1, 2, 3, 4, 5, 7 and 10 year terms
  • Competitive low interest rates
  • Renew up to 75 days before the renewal date

 

 

Farm Mortgage

 

  • When you need to reorganize farm debt, purchase land or improve your property
  • Flexible payment options
  • Choice of terms
  • Competitive rates

 

 

Commercial Loan Insurance Plan

 

  • Protect your business with creditor insurance
  • Qualify for up to $1,000,0001 in benefits
  • Get help with cash flow during uncertain times
  • Receive compensation for lost business due to illness or death

 



®Registered trade-mark of Bank of Montreal

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

 

 

2 Subject to interruptions in online systems or in power supply or any other factor or event beyond the control of Bank of Montreal.

 

 

3 Harris Bank is a trade name used by BMO Harris Bank N.A. and its affiliates. BMO Harris Bank N.A. is a member of the FDIC. Products offered by Harris Bank are subject to their approval process.

 

 

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