If your borrowing needs are greater than $50,000, you may wish to consider our OLOC that also offers convenience and easy access. This account satisfies essential banking needs, providing you with:

The Details

• An operating loan for credit needs ranging from $50,000 to $10,000,000*.
• Cheques that can be draw down on the operating loan.
• Automatic credit against outstanding loans when deposits are made.
• Comprehensive monthly statements.
• Optional 24-hour-a-day, 7-day-a-week access using Instabank® machines, telephones and personal computers.
• Fixed monthly fee to ensure you know in advance what you're paying for administrative charges or for serving the account.
• Interest rate is based on BMO Bank of Montreal Prime Rate plus an increment that ranges depending on the application.
• Less administration: as the Operating Line of Credit is an "authorized overdraft" it combines loans, deposits, and day-to-day banking services into one convenient operating account.

Is there anything else I need to know?

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.