BMO for Black Entrepreneurs

Amount:

$ 150,000.00

Type:

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.

Deadline:

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:

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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