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BMO comes with $1 billion to the table
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Bank of Montreal
In the past few months, businesses may have been falling over the past few months, but Bank of Montreal (BMO) has stepped up its game by making a minimum of $1 billion available to lend to small-sized enterprises and medium-sized enterprises (SME) across Canada.
Jennifer lee, Economist at BMO Capital Markets, According to data from the Bank of Canada, short-term business credit growth has been slowing throughout the recession, and in the past for months it has actually shrunk.
Lee has also noted that an economic recovery yields an enormous opportunity and the great majority of Canada’s small businesses will survive the latest recession and emerge stronger than ever.
BMO Senior Vice President of Commercial Banking also said that BMO wants to recognize the thousands of small businesses across the country that have gone through the recession, and done well.
Now that we are into recovery, many businesses will be looking to move forward with any expansion plans they may have or restock their inventory.
With this minimum billion dollar commitment and the expertise of BMO bankers, BMO can provide businesses with the capital and advice they need to help them succeed.
BMO is open for Canadian businesses throughout the business cycle.
You can find more articles related to the banking and financial industry at banknerd.ca.
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