BMO Bank of Montreal Commits an Additional $1 Billion for Lending to Small-
and Medium-Sized Enterprises

    
    Invites entrepreneurs to come to BMO for advice on the best options and
    clear choices for their financial needs
    

CALGARY , Oct. 13 /CNW/ - 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 Ms. Cocker .

This is especially true today. Canadian entrepreneurs need thoughtful advice, clear choices and the best banking options to help make their business more productive.

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.

BMO has developed the expertise, products and services to reflect the diverse range of business types in the marketplace, including:

    
    -   Business professionals
    -   Farming and dairy
    -   Franchising
    -   Insurance brokers
    -   Medical doctors and dentists
    

"We'll sit down with you, listen to you, and work hard to provide you with the advice you need to succeed," promised Ms. Cocker .

For further information: Media Contacts: Neil Matheson, Toronto, [email protected], [phone]; Ronald Monet, Montréal, [email protected], [phone]; Laurie Grant, Vancouver, [email protected], [phone]