DELIA

• Business Plan and 12-month cashflow forecast for start-ups in business <12 months.
• Financial Statements for the last two years for established businesses in business >12 months.
• Personal resumé(s) for start-ups.
• Applicants may be asked to provide scanned image file of documents confirming personal identity and that of any major shareholders/owners/principals, Articles of Incorporation/Business Registration, CRA account information (HST, Source Deductions), an electronic copy of business insurance policy, business performance metrics, Business Bank Account online sign in information (username and password), and other online business account sign in information.

Who is eligible?

• Women-owned and women-operated businesses in Canada.
• Business owners who are Permanent Residents of Canada, provided their PR status remains valid for the full duration of the DELIA loan amortization.
• Sole proprietorships owned by one individual.
• For-profit small Canadian businesses federally, provincially or territorially incorporated in Canada and controlled directly or indirectly by one or more resident persons.
• For-profit co-operative corporations incorporated under a federal, provincial or territorial co-operative Act, and social enterprises that earn revenue from the regular supply of personal property, goods and services and meet the profitability and equity criteria above.

Who is not eligible

• Not-for-profit organizations.
• Companies primarily engaged in holding or managing real estate or extracting resources.
• Companies primarily engaged in selling, marketing or providing gambling, pornography, alcohol, tobacco, weapons or illegal goods.

Eligible expenses

• Capital assets including machinery/equipment and leasehold/property improvements.
• Office and equipment rental.
• Salaries and benefits (excluding owner's salary).
• IT/Software license purchase.
• Professional services.
• Inventory/Supplies.
• Intellectual Property.
• Working Capital (e.g., payroll, lease payments, accounts management, rent, overhead costs).
• Digital, including website/E-commerce development.
• Marketing/advertising/business promotion.
• Employee training.
• Short term receivable financing (i.e., financing to service a contract).
• Business start up costs (legal fees, business incorporation fees, business plan preparation, etc.).

Ineligible Costs and Activities

• Capital expenditures on real property, goodwill, amortization costs, and purchase of assets for more than fair market value.
• Owner's salary and payment of bonuses.
• Refinancing existing debt.
• Purchase of stocks or shares and franchise fees.
• Research and development, management fees, dividend payout, and increase to shareholder or management committee compensation.

Eligible geographic areas

• Canada.

• Click Apply Now to access Nventure’s common application platform powered by Reviewr.
• Confirm the program or programs you are applying to during the application process.

• Applications are reviewed after submission through Nventure’s Reviewr portal.
• A DELIA representative contacts applicants with the final decision.
• If approved, Nventure issues a Letter of Offer and Loan Agreement.
• Funds are then disbursed by EFT to the business bank account.
• Nventure may carry out extended due diligence and no funding amount is guaranteed.

• The DELIA loan is administered by Nventure Business Development Corporation with support from ISED Canada.
• Nventure is a non-profit organization that has been providing support to entrepreneurs since 1985.
• The headquarters of Nventure is located at Venture13 in Cobourg, Ontario.
• Approval notifications are sent via email, and funds are disbursed via EFT to business bank accounts.
• Applicants should be prepared for the possibility of extended due diligence during application review.
• Confidentiality of application materials is maintained except with prior written consent.
• Completing the application will result in a credit enquiry that may affect the applicant's credit score.
• The interest rate for DELIA Loans varies between Prime +2% and Prime +4% and is determined by Nventure's proprietary fundability AI.
• Funding of up to $50,000 is available, with typical approvals around $15,000.
• Permanent Residents of Canada are eligible provided their status remains valid throughout the loan period.