What is specialty lending?

Specialty lending is the broad term for financial activity outside of traditional banking and is connected to a specific asset, like a line of credit or business credit card.

Why would an entrepreneur get a working capital loan?

An entrepreneur would benefit from a working capital loan to help fund their short-term operational expenses and manage everyday costs. The loan can also be used for other business purposes, such as relocating or introducing new products.

What are examples of working capital loans?

A working capital loan is a short-term loan that funds everyday business operations and expenses, such as rent or payroll.

Why aren’t there specialty programs available to all minorities?

BMO conducted extensive research across our footprint and identified an increased need for micro-lending for up to $50,000 for the segments outlined above.

Specialty Lending Programs: Zero Barriers to Business

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