Arkansas Trucking Association

You are here: Home News In Brief BMO, big trucking industry lender, launches hardship program

BMO, big trucking industry lender, launches hardship program

BMO Harris Bank, one of the largest lenders to the trucking industry, introduced a financial relief program for those impacted by COVID-19.  

Relief for small businesses and customers may include payment deferrals on credit cards, mortgages, home equity, auto, personal and small business loans for up to three months; fee waivers for checking and savings accounts; and removing some penalties. The bank has also paused foreclosure and repossession actions for consumers with COVID-19 related circumstances. 

For corporate clients, BMO is tailoring relief to each business. Aid may come in the form of payment deferrals on loans, lines of credit or access to additional working capital.

“As the largest financier of trucks and trailers in North America, we are addressing the specific issues of this critical part of the economy,” BMO said in the statement. “Our goal is to keep trucks on the road and commerce flowing.”

Contact Us

Arkansas Trucking Association
PO Box 3476 (72203)
1401 West Capitol Ave.
Suite 185
Little Rock, AR 72201

(501) 372-3462 | Phone
(501) 376-1810 | Fax

Our Mission

  • PROTECT the collective interests of trucking companies in the political and regulatory arenas.
  • PROMOTE the dynamics of trucking so that people have a better understanding of the link between America's primary freight delivery system and the standard of living they enjoy.
  • SERVE our members to help them to grow their business and their profits
You are here: Home News In Brief BMO, big trucking industry lender, launches hardship program