The Wisconsin Small Business Association (SBA) has named BMO Harris Bank the SBA 504 Program Lender of the Year. BMO Harris Bank has been the recipient of this award for nine consecutive years.
The SBA 504 loan program was established to provide small businesses financial aid to invest in long-term, fixed assets such as equipment and real estate. Since the program is providing small business owners financing for a long period, it is able to generate more jobs and to support community development. It helps local businesses to expand and offer more products and services to their customers.
Daniela O’Leary-Gill, Head of Small Business, BMO Harris Bank, said, “Small businesses are the backbone of the economy, and through programs such as the SBA 504 program we are able to provide our customers with financing that will help their business succeed.” She explained that BMO Harris Bank’s SBA 504 loan program allows them to support business owners in Wisconsin, thus creating more jobs, enhancing the communities, and generating more revenue for our economy. The Bank is always working to find the best solution for the financing needs of entrepreneurs, and its 504 program has been a vital part of the solutions it offers.
BMO Harris Bank is involved in several SBA programs. Included in its programs is the SBA’s reengineered CAPLines program, which is designed to help small businesses meet their short-term and cyclical working capital needs.
About BMO Harris Bank
Established in 1882 as Harris Bank, and owned by BMO Financial Group since 1984, BMO Harris Bank has grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers. BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs. To learn more, visit the website: www.bmoharris.com.