Companies like yours are key contributors to economic growth, innovation and job creation and are paving the way for tomorrow’s business owners. We’re committed to supporting and championing Black and Hispanic/Latino-owned businesses to help you accelerate growth in three ways:
Providing better access to working capital.
Our lending program1 allows Black and Hispanic/Latino owned businesses to get the financial support needed to succeed.
- Get a revolving business line of credit up to $50,000 that allows you to only pay interest on what you borrow.2
- Enjoy a 0.25% rate discount on your line of credit when you set up automatic payments from a BMO business or personal (if a sole proprietor) checking account.3
- Get improved access to funding with our specialized lending criteria.
Creating educational resources to inform better business decisions.
BMO has developed valuable tools, templates and webinars, available for free on bmo.com/blackandlatino, to help you at every business stage.
Partnering with organizations that support Black and Hispanic/Latino business owners.
Through meaningful partnerships, you can access organizations that provide coaching, mentoring and networking opportunities to help your business grow.
Our partners include area Chambers of Commerce, Community Development Financial Institutions and other specialized nonprofits.
