
Women Entrepreneurship Loan Fund
Canada
Loans for women entrepreneurs
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateJune 28, 2022
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Innovation, Science and Economic Development Canada (ISED)
- Government of Canada
- Innovation Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Receive a microloan of up to $50,000 to start or grow your business if you are a woman entrepreneur, particularly if you are a start-up, from an underrepresented group or a sole proprietorship.
grant_single_labels|projects
This grant facilitates financial support for women entrepreneurs, particularly focusing on start-ups, underrepresented groups, or sole proprietorships needing microloans. The funding effort aims to overcome capital access barriers for these groups.
- Provision of loans of up to $50,000 to women entrepreneurs for starting or growing their businesses.
- Support for initiatives led by underrepresented groups aiming to access capital.
- Financial assistance to sole proprietorships managed by women to facilitate business development.
grant_single|admissibleProjectsExample
$ 50,000
Creating a tech startup focusing on AI solutions for small businesses
$ 50,000
Establishing a local farm-to-table restaurant
$ 50,000
Starting a mobile hair salon for low-income women
$ 50,000
Opening a new bakery specializing in gluten-free products
$ 50,000
Launching an eco-friendly clothing brand
$ 50,000
Launching an online platform for Indigenous art
grant_single_labels|admissibility
Eligibility for the Women Entrepreneurship Loan Fund is determined by specific criteria targeted at women entrepreneurs who face challenges in accessing financing.
- The applicant must be a woman entrepreneur.
- The loans are particularly aimed at start-ups, underrepresented groups, or sole proprietorships that have difficulty in accessing financing.
grant_eligibility_criteria|who_can_apply
This program targets women entrepreneurs in Canada, particularly those who are starting new ventures, belong to underrepresented groups, or operate sole proprietorships. The aim is to facilitate access to financing for women who traditionally face barriers in securing capital for business growth. Loans are available up to $50,000 to support these businesses.
grant_eligibility_criteria|eligible_expenses
This fund aims to provide financial support to women entrepreneurs in Canada, particularly for start-up businesses and underrepresented groups. The loans are intended to help overcome the financial barriers women face in business development.
- Funding for start-up businesses led by women entrepreneurs.
- Support for underrepresented groups of women in entrepreneurship.
- Loans to sole proprietorships operated by women.
grant_eligibility_criteria|zone
This grant is available to women entrepreneurs across various provinces and territories in Canada through selected delivery organizations. The eligible areas are specified to facilitate access to regional resources and funding opportunities.
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario (North and South)
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
grant_single_labels|criteria
There are evaluation and selection criteria for the Women Entrepreneurship Loan Fund. The criteria include:
- Demonstrated need for financing
- Viability of the business
- Ability to repay the loan
- Eligibility requirements of the delivery organizations
grant_single_labels|apply
Apply to this program
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