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BMO Harris wins Gold at the 2021 North American Best in Biz Awards

December 6, 2021 | Customers

BMO Harris took the top spot in the 2021 Best in Biz Awards for our Black and Latinx Small Business Program. The program is part of BMO’s five-year, $5 billion BMO EMpower commitment aimed at inclusive economic recovery and expanded earlier this year to be available in all markets where BMO Harris operates branches.

This year’s awards saw intense competition among over 700 impressively strong entries from public and private companies of all sizes and spanning all geographic regions and industries in the U.S. and Canada – ranging from some of the best-known global brands to the most innovative start-ups and local companies.

The Black and Latinx Small Business team won Gold in the Small/Medium Business Product category for the program’s resilience, digital adaptability, remarkable growth numbers, exemplary dedication to customers and commitment to local communities.

Making an impact

  • Over USD$12 million in working capital has been put into the hands of over 300 small businesses owners in Illinois during the pilot
  • With BMO’s Business Banking Xpress (BBX) digital platform, customers can conveniently and easily apply online in just 15 minutes, saving business owners time to focus on what matters most – their business
  • The team has also delivered over 300 hours of educational webinars in collaboration with community partners to provide help and advice to hundreds of business owners

“It’s an honor to receive such a prestigious award – one that recognizes the power of BMO’s Purpose-driven program for Black and Latinx small business communities. The response to the program has been tremendous and I sincerely thank everyone who has led and supported the successful nation-wide rollout which started as a pilot a little over a year ago,” said Niamh Kristufek, Head of U.S. Business Banking at BMO Harris Bank, “I’m incredibly proud of what we have accomplished so far and continue to accomplish with this program. This is our Purpose in action. Congratulations to all!”

Learn more about our award-winning Black and Latinx Small Business Program.

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