Best Canadian bank for trucking and owner operators?

As per the title.

I have a business credit line with BMO, with an associated credit card. 25k CAD credit limit. Always pay off my invoices in full. Never missed a payment, thank god. My personal credit score has been for a couple of months steady at 845, never dipping below 832. I carry no debt. Truck and cars are paid off and i am not paying any support to anybody. Incorporated and leased on to a carrier, under their dispatch and authority.

Reached back to BMO after a year with them under said conditions (chequing/savings/credit line for business) and after submitting my T2 and corp financial statements the credit limit increase (for another 25k CAD) request was denied; They stated the reason was the corporation profit and loss report and operating expenses as well as the current market conditions risky for lending to truck drivers. Unless those improve, i would have a hard time getting more credit with BMO even considering i have been a customer for 10 years. I am basically just trying to get prepared as best as i can for the future so i can better grow my business.

So for the owner operators out here.... what do you recommend and how do you go about it?

 

Thank you for answering. I haven't considered credit unions, but i will research that idea. I am Ontario, so ATB would not work for me.

I actually heard people mention TD and RBC as being "friendlier" for O/O's... I have a better feeling about TD, for whatever reason. Might be the green color. LOL seriously tho, going to give TD a call this week and inquire about it.

You are absolutely right. I would not be able to sleep at night, knowing i was in your predicament. But i actually know of a trucker (ex co-worker) that did the exact same.... Apparently BDC has an office in Toronto and/or surrounding areas. If TD doesn't pan out, i will look into them. Thank you.

Thanks for the tip!