BMO Expands Minority Small Business Lending to 22 States with Zero Barriers to Business Program
Specifically, BMO's Zero Barriers to Business includes:
- Specifically, BMO's Zero Barriers to Business includes:
Better access to capital: Business owners receive access to working capital with expanded credit criteria and competitive interest rates. - Since launching the program in late 2020, the bank has helped minority small businesses make real financial progress by:
Approving $80 million small business loans. - Graduating 45 clients from Zero Barriers to Business to qualify for traditional lending programs under standard lending criteria.
- To learn more about BMO's Zero Barriers to Business specialty lending programs, please visit https://www.bmo.com/en-us/main/business-banking/specialty-lending/ .