Loans of Up to $50,000 to Canadian Women Entrepreneurs and Business Owners
The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, announced that Women’s Enterprise Organizations of Canada (WEOC) will be providing loans of up to $50,000 to women entrepreneurs and business owners this fall through the Women Entrepreneurship Loan Fund.
WEOC will deliver the Women Entrepreneurship Loan Fund through its regional loan fund partners. They will work with women entrepreneurs at every stage of the application process and deliver top-quality wrap-around business support, including helping applicants with the development of viable business plans and providing advisory services, training and loan aftercare.
“The Women Entrepreneurship Loan Fund supports women entrepreneurs by providing access to much-needed capital, as well as the wraparound business supports that we know ensure long-term success. Small and medium-sized enterprises are the backbone of the Canadian economy, and now is an excellent time to provide resources that facilitate the growth of women-owned businesses.” – Alison Kirkland, CEO, WEOC
The first step is connecting with the Loan Fund Partner in your region. Applicants can engage with these loan fund partners to start preparing their business plan for the application process. For entrepreneurs in BC, the loan fund partner is WeBC. Further information on the application process can be found here: https://weoc.ca/loan-program/