grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|openingDateJuly 09, 2024
  • grant_single|closingDateJuly 09, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Alberta Women Entrepreneurs (AWE)
grant_single|status
grant_card_status|closed

grant_single_labels|preview

Get a loan of up to $150,000 for your market-ready startup, business expansion or business purchases.

grant_single_labels|projects

Eligible projects or activities for this grant include business expansion projects and business purchases. These can have various eligible expenses associated with them.
  • Leasehold improvements
  • Equipment purchases
  • Operating capital
  • Advertising and marketing costs
  • Purchase of inventory
grant_single|admissibleProjectsExample

$90,000

Vancouver
Expand a digital marketing agency with new software and an expanded team

$120,000

Victoria
Purchase a second-hand bookstore and refurnish it to attract local readers

$100,000

Montreal
Purchase new medical equipment for a healthcare cooperative to improve patient care

grant_single_labels|admissibility

To be eligible for this grant, applicants must meet specific criteria related to business ownership, location, credit score, equity contribution, security on the loan, and residency status.
  • Be a 50.1% women-owned and led business
  • Business is registered and located in the province of Alberta
  • Have a minimum credit score of 650
  • Contribute a minimum or have contributed a minimum of 25% owner equity on total project costs
  • Contribute a minimum of 30% security on the loan. This amount differs depending on the size, risk, and purpose of the loan.
  • Be a Permanent Resident living in Alberta

grant_eligibility_criteria|who_can_apply

AWE offers loans specifically tailored for women-owned businesses in Alberta. Eligible companies for this grant must be women-owned businesses looking to expand and grow their operations.
  • Women-owned businesses in Alberta

grant_eligibility_criteria|who_cannot_apply

grant_eligibility_criteria|eligible_expenses

Loans can be used for business expansion projects and business purchases, including a variety of expenses.
  • Leasehold improvements
  • Equipment purchases
  • Operating capital
  • Advertising and marketing costs
  • Purchase of inventory

grant_eligibility_criteria|zone

The eligible geographic zone for this grant is Alberta, Canada. Businesses must be registered and located in the province of Alberta.
  • Businesses must be registered and located in the province of Alberta
  • Permanent Residents living in Alberta

grant_single_labels|criteria

There are evaluation and selection criteria for the AWE Growth Loan. The evaluation and selection criteria include:
  • Clarity of business goals and financial projections
  • Demonstrated need for capital to grow and expand the business
  • Viability of the business model
  • Fit of the business with AWE's mission and goals
  • Ability to repay the loan within the specified terms

grant_single_labels|register

  • Step 1: Submit our Ready for Financing Quiz below.
  • Step 2: If the quiz or Business Advisor determines that you are not ready for financing, we will send you some links to prepare. We offer specific programming for helping with Business Plans and Financial Projections.
  • Step 3: If you are ready, you will be sent the Loan Assessment link. If you have not met the requirements after submitting, you will receive an email that the assessment is incomplete. You will also receive resources to help you complete it. If your assessment is both eligible for funding and complete, you will receive an email with next steps.
  • Step 4: Complete and submit the online Loan Assessment. A government issued photo identification and proof of Canadian Citizenship or Permanent Residency will have to be provided. Instructions will be sent via email on how to pay the loan application fee.
  • Step 5: We will review your submission, complete our loan evaluation and present it to the Loan Committee. In the meantime, you will receive an email stating that your application is complete. If you are approved and you accept our loan offer, a loan administration fee will apply. You will be notified of the final decision.

grant_single_labels|otherInfo

Additional information regarding the grant includes specific financing conditions and types of eligible uses for the loans.
  • Loans can range from $10,000 to $150,000
  • Interest rate ranging from Prime +2% to Prime +4%
  • Flexible repayment options and terms of five years
  • No penalty for early repayment and no hidden fees
  • Loan administration fees are different for various loan programs
Apply to this program