October 15, 2009, Calgary – BMO Bank of Montreal announced it is making a minimum of $1 billion available to lend to small and medium-sized enterprises (SME) across Canada.
The new money earmarked for entrepreneurs reflects BMO's confidence in the resilience of Canada's small and medium-sized businesses.
"Our bank has been there for small business customers consistently – in good times and in challenging times," said Gail Cocker, BMO's senior vice-president, commercial banking.
BMO Bank of Montreal holds 20 per cent market share in Canadian business banking.
"Whether it's for money to invest or a better way to manage their cash flow, small and medium-sized business owners need a good banker – someone who listens, understands their unique needs and can advise them on the best solutions for their business," said Cocker.
BMO has responded with BMO Business Essentials – banking solutions for three key business segments that offer clear and customizable options for payroll, cash management, payments, credit and investment services.
"We'll sit down with you, listen to you, and work hard to provide you with the advice you need to succeed," promised Cocker.
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