BMO Credit Line for Business
$ 60,000.00
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%.
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:
About the author
Maurice