BMO for LGBTQ+ Owned Businesses

BMO’s LGBTQ2+ Business Banking Program is a specialized banking initiative designed to support LGBTQ2+ entrepreneurs by providing access to inclusive financial services, tailored business solutions, and a supportive community network.
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Overview of the BMO for LGBTQ+ Owned Businesses program:

BMO (Bank of Montreal) offers a dedicated program for LGBTQ2+ owned businesses across North America, reflecting its long-standing commitment to diversity, equity, and financial inclusion. This initiative aims to bridge the funding and support gap that LGBTQ2+ entrepreneurs often face, offering tools, advice, and financial products that recognize and respond to the unique challenges faced by queer and trans business owners. The program is anchored in three main pillars: Access to Capital, Tailored Advice, and Community Partnerships. It provides inclusive banking products such as business loans, lines of credit, merchant services, and financial planning, all delivered with cultural competency and awareness of the LGBTQ2+ experience in entrepreneurship. BMO also offers a team of business banking professionals trained to understand the lived realities of LGBTQ2+ business owners. These specialists can provide insights into building credit, accessing government grants, and leveraging supplier diversity certifications. The bank partners with organizations like the Canadian Gay & Lesbian Chamber of Commerce (CGLCC) and NGLCC (National LGBT Chamber of Commerce) to further enhance support through mentorship, networking, and certification assistance. In addition to banking services, BMO supports LGBTQ2+ entrepreneurs through sponsorship of pitch competitions, educational webinars, and business growth programs that empower queer-led enterprises. This initiative is part of BMO’s broader goal to ensure economic equity for underrepresented communities and to remove barriers to full participation in the financial system.

Benefits of the BMO for LGBTQ+ Owned Businesses program:
  • Access to inclusive financial products: loans, lines of credit, and merchant services
  • Guidance from trained business banking specialists who understand LGBTQ2+ needs
  • Tailored financial advice to support business growth, credit building, and capital access
  • Partnerships with chambers of commerce to support certification, visibility, and supplier diversity
  • Connection to mentorship, networking events, and funding opportunities
  • Participation in LGBTQ2+ business pitch competitions and learning webinars
  • Enhanced support for underrepresented and marginalized entrepreneurs
Eligibility criteria of the BMO for LGBTQ+ Owned Businesses program:
  • To benefit from the program, applicants must:
  • Identify as LGBTQ2+ business owners or operate LGBTQ2+-owned businesses
  • Be operating a registered business in Canada or the U.S.
  • Have standard financial documentation (business plan, financial statements, etc.) when applying for financing
  • Be seeking business banking solutions or capital for growth, operations, or investment
  • Certification through the CGLCC or NGLCC is not mandatory, but BMO encourages entrepreneurs to pursue it to access additional supplier diversity and funding programs.
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