Your Banker

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Your Banker Your Business Partner
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BMO Financial Group

• Founded in 1817 as Bank of Montreal
• Canadas first bank provided Canadas first
• sound and plentiful currency
• Canadas central bank until 1935
• BMO Financial Group is a highly diversified
• financial services provider
• We offer clients a broad range of personal,
• commercial, corporate and institutional
• financial services across both Canada and
  the U.S. (Harris)
• BMO is one of the largest financial service
  providers in North America with over 47,000
  employees

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BMOs Commitment Support for Newcomers
First Canadian Bank to partner with ethnic
community in Canada to issue affinity credit
card First Canadian Bank to host a mega one-stop
Symposium for new Canadians in partnership with
government, business professional
organizations, and community associations First
Canadian bank to receive license to incorporate
in China with four branches Language Capability
provided in all channels
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BMO Multicultural Markets Team

• A dedicated Commercial Team to service GTA
  clients in different ethnic groups including
  Chinese, Koreans, South Asians, Portuguese and
  Russians.
• 7 Commercial Account Managers and 1 Cash
  Management Analyst
• Bridge gap between mainstream and ethnic cultural
  background and cater to unique banking service
  needs
• All industry capability including real estate
  financing, whole sale trade, retail and services
  industries etc.

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Multicultural Market In Canada

• 1/3 of population growth in Canada is attributed
  to immigrants (Chinese, Philippines India etc).
• Capital flow into real estate market due to ultra
  low interest rate and stability of realty market.
  Income properties are popular.
• Importers and distributors of ethnic food,
  garment and giftware etc is growing.
• Retailers, in particular grocery stores catering
  to ethnic population, are expanding
• Service industry in ethnic market e.g.
  contractors, accountant, lawyers also starting to
  flourish
• Ethnic non-profit organisations (religious
  organization, professional and business
  organizations) are forming fast

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Commercial Banking Services

• Business accounts and banking plans
• Investment and savings
• Cash management
• Commercial Loans

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Different Loans for Different Needs

• Operating Loan
• Term Loan
• Commercial Mortgage
• Canada Small Business Financing Loan (CSBFA)
• Corporate Master Card
• Industry Program/ Professional/Franchise

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Financing Application

• What are the bank looking for
• Purpose
• Track record of the management
• Historical financial performance or business plan
  based on reasonable assumptions
• Cash flow
• Owner/Principals Commitment
• Collateral

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Financing Application (contd)

• What is required information
• Financial Statement
• Accountant prepared forecast for new business
• Personal Net Worth Statement
• Purchase and Sales Agreement
• Accounts Receivables and Accounts Payables Age
  Listings
• Appraisal Report
• Invoices

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Financing Application (contd)

• How does bank evaluate
• Management
• Market
• Money
• Material

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BMO is Open for Business

• This year BMO Bank of Montreal has made an
  additional 10 billion available to businesses
  across Canada over the next three years
• Interest rates have never been more attractive
  we making available to business owners, so they
  can continue to grow
• We are ready to have in-depth conversations with
  our customers advise business owners on
  strategic spending and investment decisions

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Advices for Newcomer Entrepreneurs

• Information Networking
• www.bmo.com/business
• Fully Utilized Government and Community
  Organization Resources
• www.exportaccess.ca
• www.canadabusiness.ca
• Acquire Entrepreneurial Soft Skills in for
  Canadian market
• Build a Good Relationship with Bank
• Build Good Personal Credit in Canada

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Questions or Comments?
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• Thank you for attending our presentation!