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BMO for Black Entrepreneurs

We’re committed to supporting and championing the growth of Black-owned businesses. Learn more about our comprehensive programs, partnerships and educational resources designed to help you thrive.

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Expanding possibilities for Black-owned businesses

Better access to capital

Get better access to working capital with expanded criteria and competitive interest rates. footnote 1

Better access to education

We help you achieve real financial progress in your business through practical tools, webinars and coaching.

Better access to partnerships

Ask us how to take advantage of the business building support offered through our community partner,  Black Opportunity Fund.

Providing better access to working capital

Our program provides loans of up to $150,000 using specialized lending criteria footnote 1 for Black entrepreneurs across Canada.

Business loans can be used for:

  • Capital investments such as equipment, leasehold improvements, property improvement and office equipment
  • Working capital, including inventory, payroll, lease payments, accounts management, rent and overhead costs
  • Short-term accounts receivable financing

You are eligible to apply if:

  • Your business is >50% majority-owned by a Black Canadian
  • You have annual revenue <$10 million
  • You are a legal resident of Canada or a legal entity owned and controlled by a Canadian citizen or citizens
  • Your business is a for-profit organization

Ready to get started?

Email us at ZeroBarrierstoBusinessCA@bmo.com

Get educational resources for your business

    Access tools and templates to help your business succeed

    • This professional template is designed to help you develop a well-thought-out plan.

    • When seeking capital, there are various factors to consider. This guide outlines a wide variety of conventional and non-traditional financing sources and how they can work for you.

    • Establish your financial goals and track your progress for the next five years as your business grows.

    • Take the time to review your marketing plan to determine what is no longer viable or new possibilities to promote your business.

    • Download this guide to help you prepare a financial proposal that places you and your company in the best light possible as you seek to attract debt or equity capital.

    • Take control of your company’s cash flow using this professional template. Although your accountant can provide assistance, it’s important that you are familiar with the process.

    • Learn about how the system works, what your banker expects from you and how to maintain a banker-friendly relationship.

    • As a business owner, you face the difficult challenge of balancing the needs of your business with the needs of yourself and your family. Learn about the strategies and solutions that are appropriate to reduce the risk to business owners in achieving business goals.

      Read thought-provoking conversations from Black female business leaders

      Bold & Black is a monthly interview series conducted by entrepreneur and Canada’s Top 25 Women of Influence Honouree, Tanya Hayles. Tanya is the founder of Black Moms Connection, an online global village of almost 20,000 and a non-profit providing programs and financial tools through grant programs generously supported by BMO.

      Our partnerships

        Have questions? That’s what we’re here for.

        • Find a branch

          And talk to us about your business.

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        • Come talk to us

          Visit a branch to get expert insight and advice.

          Book an appointment
        • Email us

          Connect with a program specialist.