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Source verified March 4, 2026
Evol — Conventional loans for women entrepreneurs
Loan fund for women entrepreneurs focused on sustainable development
Funding available
$ 20,000 - $ 50,000
Deadline
February 28, 2024
Opened November 15, 2023
Location
Canada
Who can apply
Companies majority-owned and led by individuals identifying as women
See full eligibility
Overview
The grant offers funding between $20,000 and $50,000 to businesses that are owned and led by at least one female-identifying person, focusing on enterprises that are socially and environmentally conscious and align with sustainable development values. Eligible activities include the acquisition of tangible and intangible assets, working capital, product development, commercialization of new products and services, and purchase or buyback of shares.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Reduce environmental footprint
- Access new markets
Eligible Funding
- Maximum amount : 50,000 $
- Minimum amount : 20,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Sole proprietorship
- Non-financial cooperative
- Social economy enterprise
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Women
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Acquisition of tangible and intangible assets for business growth.
- Development and commercialization of new products and services.
- Purchase or redemption of business shares as part of business succession or ownership transfer.
Official resources
Eligibility
Who is eligible?
- Companies majority-owned and led by individuals identifying as women
- Businesses in most sectors of activity (except those contrary to sustainable development values)
Who is not eligible
- Companies whose activities go against sustainable development values.
Eligible expenses
- Acquisition of tangible and intangible assets
- Working capital
- Product development expenses
- Commercialization of new products and services
- Purchase or buyback of shares
How to apply
- Step 1: Review Loan Program Details
- Consult the fund provider's website to understand program terms, eligible uses of funding, and evaluation criteria.
- Step 2: Prepare Required Documentation
- Assemble supporting documents demonstrating business ownership structure.
- Collect evidence that the enterprise aligns with social and environmental values.
- Prepare financial statements and a business plan if necessary.
- Step 3: Submit Loan Application
- Visit the designated loan application portal on the fund provider’s website.
- Complete the online application form, providing all requested information and uploading supporting documents.
- Step 4: Application Assessment and Follow-Up
- Await evaluation by the fund provider, which may include an analysis and follow-up process involving additional fees.
- Respond promptly to any requests for further information or clarification as required during the review.
- Step 5: Acceptance and Loan Agreement
- If approved, review and sign the loan agreement provided by the funder.
- Discuss any applicable amortization schedules, interest rates, or moratorium possibilities before finalization.
Additional information
- Interest rates are established based on the assessed risk level of the business.
- Fees for application analysis and ongoing file review apply.
- Applicants may benefit from a payment deferral at the start or during the loan term.
- A payment deferral option is available specifically in cases of parental leave.
Frequently Asked Questions about the Evol — Conventional loans for women entrepreneurs Program
What is the Evol — Conventional loans for women entrepreneurs?
The grant offers funding between $20,000 and $50,000 to businesses that are owned and led by at least one female-identifying person, focusing on enterprises that are socially and environmentally conscious and align with sustainable development values. Eligible activities include the acquisition of tangible and intangible assets, working capital, product development, commercialization of new products and services, and purchase or buyback of shares.
How much funding can be received?
Evol — Conventional loans for women entrepreneurs Funds up to $50,000 of admissible expenses.
What is the deadline to apply?
The application deadline for this grant program was February 28, 2024.
Who is eligible for the Evol — Conventional loans for women entrepreneurs program?
To be eligible for the Evol — Conventional loans for women entrepreneurs program, you must:
At least 50% owned and led by a person identifying as female
Must be aware of social and environmental issues and align with sustainable development values
Majority of business sectors are eligible
What expenses are eligible under Evol — Conventional loans for women entrepreneurs?
Acquisition of tangible and intangible assets for business growth.
Development and commercialization of new products and services.
Purchase or redemption of business shares as part of business succession or ownership transfer.
Where is the Evol — Conventional loans for women entrepreneurs available?
The Evol — Conventional loans for women entrepreneurs program is available across Canada.
Is the Evol — Conventional loans for women entrepreneurs a grant, loan, or tax credit?
Evol — Conventional loans for women entrepreneurs is a Loans and Capital investments