BMO Credit Line for Business

Amount:

$ 60,000.00

Type:

Loan

Description:

BMO’s Credit Line for Business is designed to offer a quick and flexible financing for just about any business need.

Comments on Funding:

Funding is a line of credit. Interest rates on a Credit Line for Business can vary from as low as BMO Prime +2% up to BMO Prime +11%.

Deadline:

Rolling deadline

Eligibility:

The applicant must be a Canadian business, including:
1. a Sole Proprietorship;
2. a General Partnership, Limited Partnership, and Limited Liability Partnership;
3. a Corporation.

Application Steps:

For details, applicants must call BMO at 1-877-262-5907.

Documentation Needed:

Applicants must submit:
1. Government-issued photo ID;
2. Recent T4/T4A slips or RL1 if a resident of Quebec, or T1 income tax return or Revenue Quebec TP1 with corresponding notice of assessment;
3. Trade Name Registration document if your business operates under a Registered Trade Name;

4. If a business is a General Partnership, Limited Partnership and Limited Liability Partnership, also bring one of the following:
a) Certificate of General Partnership
b) Declaration of a Partnership
c) Application for Registration of a Partnership
d) If required in your province or territory, a Partnership Agreement Application for Registration of a Partnership
5. If a business is a Corporation, also bring one of the following:
a) Articles of Incorporation;
b) Letters Patent / Company Charter;
c) Articles of Amendment;
d) Articles of Amalgamation;
e) Corporate Profile Report.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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