Through this expanded program, eligible businesses can apply for an additional interest free loan of
"We have been unwavering in our support of Canadian small businesses," said
BMO continues to support Canadian businesses financially affected by COVID with:
BDC Co-Lending Program for Small and Medium Businesses - EDC Loan Guarantee for
Small and Medium-Sized Enterprises Canada Emergency Wage Subsidy- Small business resource hub with specialized content and resources to help businesses navigate COVID-19 and better position themselves for future growth
In addition to supporting via government relief programs, the bank has also recently introduced a new, dedicated business banking team. The team is structured to ensure that small and emerging businesses in
Business banking clients are encouraged to visit BMO's dedicated COVID-19 small business support page for regular updates and to learn more about relief measures.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $949 billion as of October 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking,
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