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Evol — Conventional loans for women entrepreneurs - Canada
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Evol — Conventional loans for women entrepreneurs

Loan fund for women entrepreneurs focused on sustainable development
Evol
Last Update: March 4, 2026
Funding available
$ 20,000 - $ 50,000
Timeline
  • Open Date : November 15, 2023
  • Closing date : February 28, 2024
Location
Canada

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 $
Timeline
  • Open Date : November 15, 2023
  • Closing date : February 28, 2024

Eligible candidates

Eligible Industries
  • All industries
Location
  • Canada
Legal structures
  • For-profit business
  • Sole proprietorship
  • Social economy enterprise
  • Non-financial cooperative
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.

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

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

Here are answers to the most common questions about the Evol — Conventional loans for women entrepreneurs. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

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

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