The Women’s Enterprise Organizations of Canada (WEOC) will be providing loans of up to $50,000. These loans are available to women entrepreneurs and business owners this fall through the Women Entrepreneurship Loan Fund. These loans will be particularly helpful to start-ups, underrepresented groups, or sole proprietorships which have trouble accessing capital.
“The Women Entrepreneurship Loan Fund supports women entrepreneurs by providing access to much-needed capital, as well as the wraparound business supports that we know ensure long-term success. Small and medium-sized enterprises are the backbone of the Canadian economy, and now is an excellent time to provide resources that facilitate the growth of women-owned businesses.”– Alison Kirkland, CEO, Women’s Enterprise Organizations of Canada
Before applying for a loan, applicants will need to work with a Loan Fund Partner to develop a business plan. They will need to describe the viability and feasibility of their business. For entrepreneurs in BC, the loan fund partner is WeBC. More information on the loan application process can be found here: https://weoc.ca/loan-program/
About the Women’s Enterprise Organizations of Canada
Women’s Enterprise Organizations of Canada (WEOC) is an association of organizations that work directly with women entrepreneurs. WEOC members support women entrepreneurs through a variety of services and initiatives, including business training, advising, financing, and mentorship. WEOC supports its members by providing learning and networking opportunities, sharing best practices, and curating a variety of resources so members have the tools needed to support their clients.
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