BMO Harris making $2B in funds available for real estate, commercial loans, credit lines

BMO Harris Bank

BMO Harris BankBy Eric Jay Toll | Phoenix Business Journal

Expanding the Arizona economy takes capital, and BMO Harris Bank is making more than $2 billion in credit available to state businesses over the next three years.

A result of seeing positive signs in the economy, BMO is reacting to an internal report asserting that more than 60 percent of Arizona business owners and CEOs plan to make at least one investment growing business this year.

“Capital is necessary for creating new jobs, and (BMO Harris) is allocating significant resources to Arizona to help that opportunity along,” said Tim Bruckner, Arizona commercial banking manager. “We’re seeing signs of acceleration in the Arizona economy.”

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