Banking for Professional Services
Whether you’re an attorney, accountant, architect, or engineer, we understand how market trends and economic factors impact your business. Our experienced bankers can help you select the best options to help you manage your cash flow, invoice clients, collect payments, or invest in technology upgrades for your business.
Check out our offers
Rate discount
If you’re looking to transition to more sustainable operations, receive a 0.50% rate discount on new qualifying BMO Greener Future Financing business term loans, business flex loans, owner-occupied commercial real estate mortgage loans, or investor-owned real estate loans.4
Plus, additional savings are available when you set up automatic payments from a BMO business checking account.3 Ask a BMO Business Relationship Manager how to apply.
We’re here to help you
Whether you’re trying to attract new clients or hire staff to meet with increased demand, we have you covered with a range of financial solutions to help you focus on your practice or firm.
We help you optimize your cash flow so you can plan for cyclical cash fluctuations.
Quickly and securely collect and deposit client payments with our payment solutions.
Discover our flexible funding options, so your business can get the support it needs
Streamline financial reporting with multi-user access, detailed transaction reporting and fraud protection.
Explore our personal finance solutions such as Wealth Management, Financial Planning and Bank at Work.
Our current offers
Annual Fee Waiver
The annual fee for the first year on a new business line of credit will be waived - a savings of $150.1
Relationship Rate Discount
Receive up to a 1.00% rate relationship discount.2
Automatic Payment Discount
Get a 0.25% interest rate discount when you establish automatic payments from a BMO business checking account at loan closing.3
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Professional Services F A Qs
We offer Business Lines of Credit, Business Credit Cards, Business Checking Accounts, Merchant Services, Payroll Services, Real Estate loans, SBA loans and Business Term and Flex loans. Plus, we offer financial solutions for you and your employees’ personal finances, such as financial planning, Wealth Management, and BMO Bank at Work, a financial wellness program designed to help businesses complement their employee benefit plan at no additional cost to foster employee retention and higher workforce productivity.
We offer invoicing solutions and ways for you to collect and deposit incoming payments promptly. This includes debit and credit card acceptance, electronic deposits, ACH debits, and accounting software integration to track receivables.
We offer Business Lines of Credit that give you flexibility to cover temporary, budgeted, and/or unexpected cash shortages. We also have solutions to help you bill and collect payments promptly.
We have Business Term loans and equipment leasing options to help you acquire the tools that augment and amplify your professional expertise.
You can speak with a BMO Business Banker to learn more about our financial solutions for businesses.
Visit our Business Tips and Insights page, where you can find articles, videos and tools that will help improve areas of concern within your business and keep your business running smoothly.
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Find a BMO Business Banker
Get personalized support for Professional Service businesses.
- Footnote 1 details Annual fee of $150 will be charged for the business line of credit beginning on the 12-month anniversary of the opening of the business line of credit. BMO customers who meet minimum deposit balance requirements at the time the business line of credit is approved may qualify for additional annual fee waivers.
- Footnote 2 details Relationship rate reduction availability is dependent on your customer deposit relationship with BMO at the time of credit approval.
- Footnote 3 details Automatic payment from a BMO business checking account is required to be established at loan closing in order to receive the 0.25% rate reduction.
- Footnote 4 details Eligible applicant for the BMO Greener Future Financing Program must submit a paper application form for a new qualifying business term loan, business flex loan, owner-occupied commercial real estate mortgage loan, and/or investor-owned real estate mortgage loan. For businesses with annual revenues of $10 million or less and total combined credit exposure at BMO including the current application request must be greater than $100,000 but cannot exceed $1,000,000, and must have a physical business presence (or in the instance where the business has no physical location, a mailing address for their headquarters) located in at least one of the following states: A Z, C A, C O, F L, I D, I L, I N, I A, K S, M I, M N, M O, N E, N V, N M, N D, O K, O R, S D, T X, U T, W A, W I, or W Y. Businesses located in M I or T X must be within 100 miles of a BMO full-service retail branch. Loans are subject to credit approval. Applicants approved for flex loan must have a BMO business checking account opened before loan closing. Loan funds must be used for environmentally responsible projects. See a BMO Business Relationship Manager for a complete list of eligible purposes. Applicants will be required to self-attest that the loan funds will be used for an eligible loan purpose that helps to reduce greenhouse gas emissions from business operations, mitigates the physical impacts of climate change or promotes sustainability in their business operations. Offer is subject to change.
- All offers are subject to change.
- Banking products are subject approval and are provided in the United States by BMO Bank N.A. Member F D I C. Equal Housing Lender