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Government Loan Programs (SBA)

As a preferred SBA (Small Business Administration) lender, BMO can process your government small business loan so you can get back to business. Explore our variety of SBA loan programs to support your business needs. Contact us today to get started.

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Features and benefits

  • Longer terms and amortizations

  • Flexible requirements

  • Variety of loan types

 

Programs

Terms

Limits

Potential Uses

SBA Loan

 7(a)

  • Commercial real estate up to 25 years
  • Working capital, equipment and business acquisitions up to 10 years
  • Up to $5 million
  • Business acquisition/ expansion
  • Purchase machinery and equipment
  • Working capital and inventory
  • Purchase land or buildings, construction, renovations

SBA Express

  • Revolving line of credit up to 7 years
  • Equipment up to 10 years
  • Commercial real estate up to 25 years
  • Up to $500,000
  • Business acquisition/ expansion
  • Purchase machinery and equipment
  • Working capital and inventory
  • Purchase land or buildings, construction, renovations

7(a) Small Loan

  • Commercial real estate up to 25 years
  • Working capital, equipment and business acquisitions up to 10 years
  • Up to $350,000
  • Business acquisition/ expansion
  • Purchase machinery and equipment
  • Working capital and inventory
  • Purchase land or buildings, construction, renovations

SBA 504

  • Equipment up to 10 years
  • Commercial real estate and construction up to 20 years
Typical structure:
  • 50% financing by BMO
  • 40% 504 debenture financing through a Certified Development Company (CDC)—Maximum of $5 million
  • 10% injection by the borrower (may be higher for special purpose real estate or start-up businesses)
  • Land/Building acquisition
  • Construction and renovations
  • Purchase machinery or equipment

SBA CAPLine

  • Lines of credit up to 10 years
  • Up to $5 million
  • Revolving working capital supported by accounts receivable and inventory
  • Contract financing
  • Seasonal working capital needs

SBA Export Working Capital

  • Up to 3 years
  • Up to $5 million
  • Working capital needs of exporters
  • May be used to support Stand-by Documentary Letters of Credit

International Trade Loans (for exporters only)

  • Commercial real estate up to 25 years
  • Permanent working capital and equipment up to 10 years
  • Up to $5 million
  • Purchase real estate and equipment
  • Refinance
  • Permanent working capital

 

Take the next step toward better business banking

  • Let us contact you

    We’ll reach out via phone or email, whichever you prefer.

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  • Call us

    Give us a call to apply or ask questions.

    1-888-340-2265
  • Visit us

    Meet with a BMO Business Banker to talk about how we can help your business.