BMO for Black Entrepreneurs
$ 150,000.00
Loan
Description:
The BMO for Black Entrepreneurs is designed for Black-owned businesses get better access to working capital with expanded criteria and competitive interest rates.
Comments on Funding:
Funding is a loan of up to $150,000.
Rolling deadline
Eligibility:
The applicant must:
1. have a business that is >50% majority-owned by a Black Canadian;
2. have annual revenue <$10 million;
3. be a legal resident of Canada or a legal entity owned and controlled by a Canadian citizen or citizens;
4. have a business that is a for-profit organization.
Application Steps:
Contact BMO via email at businessbankingprograms@bmo.com.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice