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)
  • Innovation Canada
  • Government of 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

The Women Entrepreneurship Loan Fund is available to companies located in Canada, as specified by the participating organizations. Eligible geographical areas include all provinces and territories across Canada.
  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Northwest Territories
  • Nova Scotia
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon
grant_single|admissibleProjectsExample

$50,000

Montreal
Starting a mobile hair salon for low-income women

$50,000

Toronto
Opening a new bakery specializing in gluten-free products

$50,000

Halifax
Launching an eco-friendly clothing brand

$50,000

Calgary
Establishing a local farm-to-table restaurant

$50,000

Ottawa
Creating a tech startup focusing on AI solutions for small businesses

$50,000

Vancouver
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

There are specific geographic areas mentioned for this grant. The delivery organizations and service providers are divided by province or territory.
  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Northwest Territories
  • Nova Scotia
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon
  • Show All

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|register

Here are the steps to submit an application for this grant:
  • Step 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.
  • Step 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.
  • Step 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.
  • Step 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.
  • Step 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.
  • Step 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|documents

Women Entrepreneurship Loan Fund

Apply to this program