
Women's Enterprise Centre of Manitoba — Loans
- Open continuously
Overview
Loans up to $150,000 for start-up, expansion and purchase of existing businesses.
At a glance
Funding available
- Launch or market a product/service
- Maximum amount : 150,000 $
- Open continuously
Eligible candidates
- Retail trade
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
- Accommodation and food services
- Other services (except public administration)
- Public administration
- Manitoba
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Women
Next Steps
Activities funded
This financing program supports a variety of business-related expenses to foster entrepreneurial growth among women in Manitoba. Eligible activities focus on business initiation, expansion, and equipment acquisition.
- Leasehold improvements for business premises.
- Advertising and marketing costs to promote business services or products.
- Purchase of an existing business to continue or enhance its operations.
- Purchase of inventory to stock supplies necessary for business operations.
- Purchase of equipment to support business activity.
- Funding for one-time or part-time projects evaluated individually.
Eligibility
Who is eligible?
This loan program is specifically for women or businesses that are at least 51% owned and controlled by women who are actively involved in its operation and management. Eligible applicants must be Canadian citizens or landed immigrants and must be operating or about to operate in Manitoba. Applications from partnerships between females and males are encouraged, provided the woman meets the ownership and management criteria.Who is not eligible
This loan excludes certain uses for the borrowed funds and, by extension, companies or activities primarily revolving around those uses. Restrictions are in place to ensure that loans are utilized for sustainable business growth and development.
- Companies intending to use funds for the purchase of goodwill.
- Businesses aiming to utilize funds for owners' draw or salaries.
- Entities planning to invest in real estate for speculative purposes.
- Organizations seeking financial consolidations, debt refinancing, or bailouts.
- Businesses involved in illegal or immoral activities.
Eligible expenses
The Women’s Enterprise Centre of Manitoba offers loans for businesses with an emphasis on supporting female entrepreneurs. These loans can be used for a variety of business-related expenses, excluding certain financial activities.
- Leasehold improvements for business premises.
- Advertising and marketing costs to promote the business.
- Purchase of an existing business to expand or start operations.
- Purchase of inventory necessary for business activities.
- Acquisition of equipment required for the business's operations.
- Funding for one-time or part-time projects, evaluated on a case-by-case basis.
Eligible geographic areas
This grant is open to businesses operating within Manitoba, Canada, based on the location eligibility criteria set by the Women’s Enterprise Centre of Manitoba.
- Businesses operating in Manitoba.