How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the WeBC — Business Loans for Women?

WeBC — Business Loans for Women is funded by WeBC

What are WeBC — Business Loans for Women's eligibility criterias?

The business must be at least 51% owned and controlled by a woman or 50% for wife-husband teams. The business must be registered and located in British Columbia. The owner must be a Canadian citizen or Permanent Resident residing in British Columbia.

WeBC — Business Loans for Women

grant_single|update January 24, 2025

BC, Canada

Loans for British Columbia women entrepreneurs

grant_single_labels|menu_summary

grant_single_labels|menu_preview

grant_single_labels|menu_terms_and_conditions

grant_single_labels|menu_projects

grant_single_labels|menu_admissibility

grant_single_labels|menu_criteria

grant_single_labels|menu_apply

grant_single_labels|menu_otherInfo

grant_single_labels|menu_contact

grant_single_labels_website|summary

grant_single|eligibleFinancing

grant_single|noCondition

grant_single|deadlines

grant_single|timelineUnspecified

grant_single|financingType

Loans and Capital investments

grant_single|eligibleIndustries

grant_single|allIndustries

grant_single|grantors

WeBC

grant_single|status

grant_card_status|open

grant_single_labels_website|preview

Get expert advice, as well as a loan of up to $150,000 for your market-ready start-up, expansion project, or business purchases, with flexible repayment options.

grant_single_labels_website|terms_and_conditions

WeBC offers business loans with modalities tailored to meet the unique needs of women entrepreneurs in British Columbia, focusing on providing accessible and flexible financing solutions.

Business loans up to $150,000, with the option for women applying for $50,000 or less to access the Equal Access to Capital (EAC) program, which offers unsecured loans.
Flexible repayment terms up to 5 years, accommodating various business models and cycles.
Competitive interest rates with the provision for interest-only payments for the first six months.
Lower security and equity requirements compared to many traditional lenders, thus enhancing access to capital for women-led businesses.
Partnership possibilities with other lenders for funding needs exceeding $150,000 to meet full borrowing requirements.
Wrap-around support services including complimentary business advisory, training, and mentoring for loan beneficiaries.

grant_single_labels_website|projects

The WeBC Business Loans for Women program is designed to support women entrepreneurs in British Columbia seeking to start, expand, or purchase a business. This program offers flexible financing solutions to help women overcome traditional lending barriers and foster business growth.

Funding for market-ready startups initiated by women entrepreneurs.
Business expansion projects for existing women-owned businesses.
Business purchases for women entrepreneurs acquiring existing businesses.
Acquisition of leaseholds and necessary business equipment.
Provision of operating capital for strengthening business operations.

grant_single|admissibleProjectsExample

$ 150,000

Start a new organic farm venture

$ 150,000

Expansion of a community theater

$ 150,000

Startup of an eco-friendly clothing line

$ 150,000

Expand technological infrastructure for a fintech startup

$ 150,000

Acquisition of a local bookstore

grant_single_labels_website|admissibility

Eligibility for this loan program requires adherence to specific criteria related to the applicant's business ownership, location, and personal attributes.

The applicant must be a woman who owns and controls at least 51% of a business registered and located in British Columbia, or 50% for wife-husband teams.
The applicant must be a Canadian citizen or Permanent Resident.
The applicant must reside in British Columbia.
The applicant must be over 19 years old.

grant_eligibility_criteria|who_can_apply

WeBC provides loans specifically for women who are starting, buying, or expanding a business in British Columbia (BC), Canada. Applicants must meet the following criteria:- A woman who owns and controls at least 51% of a business registered and located in BC, or 50% for wife-husband teams.- A Canadian citizen or Permanent Resident.- Residing in BC.- Over 19 years old.Additional submission requirements include a business plan, market research, cash flow forecast, and demonstrating business skills. WeBC focuses on supporting women entrepreneurs by offering loans up to $150,000 with flexible terms and wrap-around supports like advisory services and training.

grant_eligibility_criteria|who_cannot_apply

Certain projects and business types are not eligible for financing through the WeBC Business Loans for Women program. This is to ensure that funding is allocated to sustainable, viable, and appropriate business ventures.

Projects in the pre-start-up phase that require seed or early-stage capital.
Projects in research and development, beta testing, or prototype building stages.
Businesses where the owner lacks operational control over key business aspects, such as some franchises.
Businesses where the majority of gross revenues do not come from direct sales of products or services (e.g., multi-tiered marketing).
Businesses that operate on a non-profit basis.
Speculative investments.
Refinancing of existing debt from other lenders.
Projects requiring loans greater than $150,000 without confirmed secondary financing.

grant_eligibility_criteria|eligible_expenses

The WeBC Business Loans for Women cover expenses necessary for starting, expanding, or purchasing a business.

Leaseholds
Equipment
Operating capital

grant_eligibility_criteria|zone

This loan program is available to businesses located within a specific geographical area. It focuses exclusively on companies registered and operated within the province.

Businesses registered and located in British Columbia (BC).

grant_single_labels_website|criteria

There are evaluation and selection criteria for this grant. The program assesses the viability, leadership, and skills of the applicant, matching funds, and the overall potential impact of the business on the economy.

Viability of the business idea
Leadership qualities and skills of the applicant
Matching funds availability
Potential impact of the business on the economy

grant_single_labels_website|apply

Participate in a Business Loan Info Session

Register for a free, phone-in Business Loan Info Session held weekly on Tuesdays at noon (PT).
Attend the session to receive information on lending criteria and the application process as well as a resource package.
Ask your questions during the session to clarify any aspect of the loan process.

Compile Required Documentation

Prepare a comprehensive business plan including market research, and a cash flow forecast for the next two years.
Gather credit history details to be assessed alongside the business plan.
Identify assets that can be used as security for the loan, or discuss options for unsecured loans if applicable.
Prepare documentation to demonstrate personal equity investment in the business.

Consult with a Business Advisor

Contact a Business Advisor (e.g., Kelly Masson) to discuss loan programs suitable for your business needs.
Work with the advisor to review your eligibility and strengthen your application where necessary.
Seek additional resources or clarification needed for completing your application.

Submit Your Application

Email your completed application to the designated contact (e.g., Kelly Masson) when ready.
Ensure all required documents from the Loan Application Checklist are included.

Await Assessment and Decision

Expect approximately four weeks for the assessment and final lending decision once all documents are submitted.
Stay in touch with your Business Advisor for updates on your application status.

grant_single_labels_website|otherInfo

Here are additional relevant details for this program:

WeBC provides complimentary wrap-around supports alongside its loans, including business advisory services, training, and mentoring.
Applicants applying for loans of $50,000 or less may qualify for the Equal Access to Capital (EAC) program, which does not require specific security.
The program offers flexible repayment options and terms of up to 5 years, with competitive interest rates and up to six months of interest-only payments.
For funding needs beyond $150,000, WeBC can partner with other lenders to accommodate full borrowing requirements.
Applicants are encouraged to check their credit rating before applying, as the credit history will be weighed against the strength of the business plan.
WeBC offers resources for business plan development, such as guidelines, workbooks, and workshops to enhance business skills.
Free phone-in Business Loan Info Sessions are available to provide information about lending criteria and the application process.
The program allows for unsecured loans if sufficient security is unavailable, albeit with a higher interest rate.
The loan assessment process takes approximately four weeks upon receiving all required information.