If you’re looking for a reliable and trustworthy equipment finance company, look no further than BMO Harris Finance Company.
With over 150 years of experience in the financial industry, BMO Harris has a reputation for providing top-notch financing solutions to businesses of all sizes.
This article will explore everything you need to know about BMO Harris Finance Company, including their services, history, and customer reviews.
Who is BMO Harris Equipment Finance Company?
BMO Harris Finance Company is a subsidiary of BMO Harris Bank, a part of the BMO Financial Group, one of North America’s largest financial services providers.
BMO Harris Company specializes in providing equipment financing and leasing solutions to businesses of all sizes, from small to large corporations.
History of BMO Harris Equipment Finance Company
BMO Harris Finance Company has a long history dating back to 1867 when the Harris Bank was founded in Chicago. Over the years, the bank has grown and expanded its services, eventually becoming BMO Harris Bank in 2011.
In 2014, BMO Harris Company was established as a subsidiary of BMO Harris Bank to provide equipment financing solutions to businesses across the United States.
BMO Harris Equipment Finance Company Services
BMO Harris Company provides various equipment financing and leasing solutions to businesses across various industries. Their services include:
- Equipment leasing
- Equipment finance agreements
- Sale-leaseback financing
- Capital lease financing
- Operating lease financing
- Municipal leasing
Benefits of Choosing BMO Harris Equipment Finance Company
Choosing BMO Harris Company for your equipment financing needs comes with several benefits, including:
- Competitive rates and fees
- Flexible financing options
- Customized financing solutions tailored to your business needs
- Excellent customer service
- A wide range of equipment financing and leasing solutions
- Access to BMO Harris Bank’s financial expertise and resources
Eligibility Criteria for BMO Harris Equipment Finance Company
To be eligible for equipment financing from BMO Harris Company, your business must meet the following criteria:
- Your business must be located in the United States
- Your business must have a minimum of two years in operation
- Your business must have a minimum annual revenue of $1 million
- Your business must have good credit
Application Process for BMO Harris Equipment Finance Company
The application process for equipment financing from BMO Harris Company is straightforward. Here are the steps:
- Contact BMO Harris Finance Company to discuss your financing needs and determine if you meet their eligibility criteria.
- Fill out the application form provided by BMO Company.
- Provide the necessary documentation, including financial statements, tax returns, and equipment specifications.
- BMO will review your application and decide on financing.
- If approved, you’ll sign the financing agreement and receive the funds.
Customer Reviews of BMO Harris Equipment Finance Company
BMO Company has received positive customer reviews, with many praising their excellent customer service and competitive rates.
Some customers have also appreciated the flexibility and customized financing solutions.
However, some negative reviews mention slow approval processes and difficulty communicating with the company.
Frequently Asked Questions (FAQs)
What types of businesses can benefit from BMO Harris Equipment Finance Company equipment financing?
BMO Harris Finance Company provides financing solutions to businesses of all sizes, from small businesses to large corporations across various industries.
What documents are required to apply for financing from BMO Harris Finance Company?
The required documents may include financial statements, tax returns, and equipment specifications.
What are the eligibility criteria for financing from BMO Harris Finance Company?
Your business must have at least two years in operation, a minimum annual revenue of $1 million, and good credit.
What types of equipment financing solutions does BMO Harris Company offer?
BMO offers equipment leasing, equipment finance agreements, sale-leaseback financing, capital lease financing, operating lease financing, and municipal leasing.
What are the benefits of choosing BMO Company for equipment financing?
BMO Company offers competitive rates and fees, flexible financing options, customized financing solutions tailored to your business needs, excellent customer service, a wide range of equipment financing and leasing solutions, and access to BMO Harris Bank’s financial expertise and resources.
Conclusion
BMO Harris Company is reputable and reliable, with over 150 years of experience in the financial industry.
They offer a wide range of financing solutions tailored to the unique needs of businesses across various industries. Their competitive rates, flexible financing options, and excellent customer service make them popular for businesses looking to acquire essential equipment.
If you’re considering equipment financing, BMO Harris Company is worth considering.