grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|openingDate June 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|terms_and_conditions

  • Loans of up to $50,000 available to female entrepreneurs, notably for start-up businesses or sole proprietorships.

grant_single_labels|projects

  • Starting or growing a business led by a woman entrepreneur.
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

  • The application must be submitted by a female entrepreneur.
  • The loan specifically targets start-up businesses or sole proprietorships for which access to credit is more difficult.
  • The application must be submitted to one of the selected funding organizations (for example: Women’s Enterprise Organizations of Canada, NACCA, Nventure, Coralus, Evol).

grant_eligibility_criteria|who_can_apply

  • Women-led businesses or female sole proprietorships.
  • Start-up businesses founded by women.
  • Businesses owned by women entrepreneurs facing difficulties in accessing credit.
  • Indigenous women-owned businesses (through partner Indigenous financial institutions).

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

  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Northwest Territories
  • Nova Scotia
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon

grant_single_labels|apply

1
Identify Appropriate Organization
  • Visit the websites of the selected delivery organizations: WEOC, NACCA, Northumberland, Coralus, and Evol.
  • Determine which organization best suits the needs of your business based on their specific focus and regional service providers.
2
Review Eligibility and Application Requirements
  • Check the specific eligibility criteria and application requirements of the chosen delivery organization.
  • Review any provincial or territorial service provider specifics if applicable to your location.
3
Prepare Application Documents
  • Compile necessary documents such as business plans, financial statements, and personal identification.
  • If applicable, prepare a statement on how the loan will be used to start or grow your business.
4
Complete the Application
  • Fill out the application form provided by the chosen delivery organization on their website.
  • Ensure all information is accurately provided and that the form is fully completed.
5
Submit Your Application
  • Submit the application electronically through the delivery organization’s portal or follow their specified submission method.
  • Apply within specified deadlines as applicable to ensure consideration.
6
Confirmation and Follow-up
  • Receive confirmation of application submission, which may vary by organization.
  • Monitor email or contact from the organization for any follow-up action required.

grant_single_labels|otherInfo

Here is additional relevant information for this grant:
  • The total funding available for the program is 55 million dollars.
  • The program is part of a larger initiative, the Strategy for Women in Entrepreneurship (SFE).
  • The fund specifically targets microloans with a maximum loan of $50,000.

grant_single_labels|documents

Women Entrepreneurship Loan Fund

Apply to this program

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