WeBC — Business Loans for Youth
BC, Canada
Loans for young women entrepreneurs in British Columbia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
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|preview
If you are a woman between the ages of 19 and 39, you could access a loan of up to $70,000 with flexible repayment options, as well as free, ongoing business advice from your personal business advisor.
grant_single_labels|projects
The following projects or activities are eligible for this grant:
- Starting, buying, or expanding a business in British Columbia
- Businesses owned and controlled by women between the ages of 19 and 39
grant_single|admissibleProjectsExample
$70,000
Vancouver
Launch a coffee shop with unique local blends and sustainable practices
$70,000
Kelowna
Start a fitness studio focusing on holistic wellness and community engagement
$70,000
Victoria
Acquire a florist shop and integrate modern eco-friendly production methods
$70,000
Burnaby
Create a children's clothing line focusing on eco-friendly materials
$70,000
Richmond
Expand an organic skincare product line focusing on sustainable sourcing
$70,000
Surrey
Expand a digital marketing agency to focus on local small businesses
grant_single_labels|admissibility
- Between the ages of 19 and 39
- A woman (or women) who owns and controls at least 51% of a business that is registered and located in British Columbia
- A Canadian citizen or permanent resident
- Residing in British Columbia
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant:
- New businesses started by women entrepreneurs between the ages of 19 and 39.
- Existing businesses where at least 51% ownership and control is by women in British Columbia.
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for the grant:
- Projects in the pre-start-up phase requiring seed or early-stage capital
- Businesses where the owner lacks operational control
- Projects with majority revenues from multi-tiered marketing
- Speculative investments
- Refinancing existing debt
- Loans exceeding $70,000 without additional funding secured
grant_eligibility_criteria|eligible_expenses
- Start-up costs for a new business
- Acquisition of business assets
- Working capital for operational expenses
- Marketing and promotional expenses
- Purchase of inventory or equipment
- Business development and training costs
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria include:
- Strength, realism, and viability of the business idea
- Strategy to carry out the business plan
- Ownership and operation of the business by women at least 51%
- Possession of necessary skills and experience to execute the plan
grant_single_labels|register
- Step 1: Attend a Business Loans Information session.
- Review lending criteria.
- Receive information on how to apply.
- Get resource package.
- Step 2: Submit all items on the Loan Application Checklist.
- Step 3: Participate in a weekly phone-in info session about the loans program for eligibility determination.
grant_single_labels|contact
1-800-643-7014
Apply to this program
