Is This Right For You?

The Commercial Line of Credit is a variable-rate revolving credit facility that can be either secured or unsecured and features a very competitive interest rate. The CLOC provides control and convenience of access to your available credit. Available credit limits range from between $5,000 to $100,000 for an unsecured line of credit*, to between $25,000 to $250,000 for a secured line of credit.*

The Details

Businesses can access their CLOC by using:

• No-fee Line of Credit cheques.
• No-fee Commerical Line of Credit MasterCard^® in your business name, issued on your CLOC account.**
• Pre-authorized debits/credits.
• A FirstBank Card^® at any branch or BMO Bank of Montreal ABM.

Is There Anything Else I Need To Know?

• CLOC is available to Canadians who have been operating a profitable business for at least 2 years, as evidenced by realistic income statements.
• Non-residents, not for profit organizations, holding companies and real estate developers/investors/operators are ineligible for the CLOC.
• The BMO Bank of Montreal Commercial Loan Insurance Plan is available to qualified borrowers.***

The Next Step

Apply online, contact us at 1 877 262-5907
or visit your BMO Bank of Montreal branch.

* Bank of Montreal's usual credit granting criteria must be met.
** Subject to meeting MasterCard requirements.
*** Subject to meeting eligibility requirements. Some conditions and restrictions apply.