Press Releases

National Bank launches a new solution for entrepreneurs ' BusinessFlex Solutions inc.

Montreal, 15 September 2004 -

When it comes to financing, SMEs want quick, reliable and quality service. That's why National Bank is launching BusinessFlex Solutions inc., a new banking solution designed with today's entrepreneurs in mind.

BusinessFlex Solutions is intended for businesses that require financing of less than $250,000 and are looking for easy and affordable innovative products. Entrepreneurs can obtain an operating loan of up to $100,000 quickly online, which means that they can settle their financing needs efficiently and save time. However, they still have the option of applying for financing in person by calling the managers at the BusinessFlex Centre.

A team of seasoned account managers specializing in different areas of business are available at the BusinessFlex Centre from 7:00 a.m. to 7:00 p.m., Monday through Friday, to advise entrepreneurs on financing or any other banking products that could help them manage their business.

“Our new solution for SMEs offers greater accessibility to competent resources through leading-edge technology and innovative products. It was designed to maintain the advantages of conventional financing while offering the efficiency of a remote banking service,” explained Tony Meti, Senior Vice-President – Commercial Banking and International. “We have made the credit application and approval procedure quicker and easier, to bring our service in line with the reality of today's entrepreneurs,” he added.

Some of the advantages of BusinessFlex Solutions are the automatic repayment of advances on the BusinessFlex Line of Credit and reduced annual fees. National Bank's Internet Banking Solutions also gives companies the flexibility to do their regular banking business whenever they want.

BusinessFlex Solutions is the latest in a line of products offered to National Bank commercial clients through our 472 branches and our commercial banking centres in all regions.

About the National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. The National Bank has assets of  $84 billion and, together with its subsidiaries, employs close to 17,000 people. The Bank's securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank's website at www.nbc.ca.

Information: (The telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives.)

Denis Dubé
Manager, Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644