Women Entrepreneurs Saskatchewan — Financing
SK, Canada
Loans for Saskatchewan women entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Expert Advice
Partnering and Collaboration
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Women Entrepreneurs Saskatchewan (WESK)
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grant_card_status|open
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Get a loan of up to $150,000 to help finance up to 80% of your business project.
grant_single_labels|projects
Eligible activities may include the purchase of tangible and/or intangible assets, working capital for inventory or accounts receivable, start-up costs, or even the purchase of an existing business.
- Purchase of tangible assets
- Purchase of intangible assets
- Working capital for inventory or accounts receivable
- Start-up costs
- Purchase of an existing business
grant_single|admissibleProjectsExample
$120,000
Toronto
Starting a non-profit bakery that employs marginalized communities
$120,000
Ottawa
Launching a social enterprise to support local artisans
$120,000
Halifax
Opening a new fitness studio offering innovative wellness programs
$72,000
Vancouver
Expanding inventory for a growing local bookstore
$144,000
Montreal
Purchase and renovation of a heritage café
$120,000
Calgary
Acquiring advanced software tools for a tech start-up
grant_single_labels|admissibility
- Be a WESK member.
- Be a woman, or an operation owned and controlled by a woman, or women.
- Be a Canadian citizen or landed immigrant (permanent resident), or a legal entity owned and controlled by a Canadian citizen(s) or landed immigrant(s).
- Be a registered business in Saskatchewan (or have the name reserved).
- Be operating or about to operate in Saskatchewan.
- Be a Saskatchewan resident, 18 years of age or older.
- Have sufficient security.
- Provide 20% owner’s contribution.
grant_eligibility_criteria|who_can_apply
Eligible types of companies for the WESK Financing grant include businesses owned and controlled by women, Canadian citizens or landed immigrants, registered in Saskatchewan, and operating in the province.
- Businesses owned and controlled by women
- Canadian citizens or landed immigrants
- Registered businesses in Saskatchewan
- Businesses operating or about to operate in Saskatchewan
- Saskatchewan residents, 18 years of age or older
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for the WESK Financing grant:
- Companies not owned or controlled by women
- Non-Canadian citizens or legal entities not owned or controlled by Canadian citizens
grant_eligibility_criteria|eligible_expenses
Eligible expenses for WESK grants may include the purchase of tangible and intangible assets, working capital for inventory or accounts receivable, start-up costs, or the purchase of an existing business.
- Purchase of tangible and intangible assets
- Working capital for inventory or accounts receivable
- Start-up costs
- Purchase of an existing business
grant_single_labels|criteria
There are evaluation and selection criteria for the WESK Financing grant.
- Be a WESK member and meet eligibility requirements listed above.
- Provide a detailed loan application and necessary financial information.
- Demonstrate a viable business plan and ownership structure.
- Show evidence of security and owner's contribution.
- Business must be registered and operating in Saskatchewan.
grant_single_labels|register
- Step 1: Confirm WESK Membership
- Once you have purchased the Trailblazer Membership, fill out the form in your member dashboard to request a business advisor.
- Step 2: Meet with Your Business Advisor
- Your Business Advisor can explain the loan process and help you prepare your loan documents.
- Step 3: Submit Your Loan Documents
- Prepare all necessary documents and ensure you meet all eligibility requirements before submitting them directly to your business advisor.
grant_single_labels|contact
info@wesk.ca
Apply to this program
Financing for Women Entrepreneurs in Saskatchewan
Financing for women entrepreneurs in Saskatchewan can be challenging, but WESK offers a solution through its financing program. With loans of up to $150,000, competitive interest rates, flexible terms, and various benefits, WESK aims to support women-owned businesses in establishing and growing successfully.
WESK, the Women Entrepreneurs of Saskatchewan, provides loans to its members to help them grow and sustain their businesses. Through the WESK Financing program, women entrepreneurs can access up to $150,000 in loans, with the potential for additional financing through partnerships. The program has supported numerous businesses, created jobs, and contributed to the economic growth of the region.
One of the key benefits of the WESK loan program is the competitive interest rates, fixed at Prime + 3%. Additionally, reduced payments to get started, flexible repayment terms ranging from 1 to 7 years, and no payout fees make it a favorable financing option for women entrepreneurs. The WESK GOALS program offers business advising, access to experts, special events, and training opportunities to help members succeed.
Eligibility requirements for the WESK loan program include being a WESK member, a woman or operating a business owned and controlled by women, and being a Canadian citizen or resident with sufficient security and owner's contribution. The application process involves preparing business details, financial information, and meeting with a business advisor to submit the required documents for review.
WESK loans support various business activities such as purchasing assets, working capital for inventory, start-up costs, and acquisition of existing businesses. The loan terms can vary from 1 to 7 years, with the option for longer repayment terms in special cases. Women entrepreneurs in Saskatchewan can benefit from the WESK loan program to expand their businesses and contribute to the economic growth of the region.
