Women Entrepreneurship Loan Fund

OTTAWA: Gerald Soroka Member of Parliament for Yellowhead wishes to advise the call for applications to deliver the Women Entrepreneurship Loan Fund.

The call for applications invites not-for-profit business support organizations with significant experience in the management and delivery of loans to apply to deliver the loan fund. Applicants will need to demonstrate their ability to assess business plans, fulfill and underwrite loans, and reach groups that have traditionally experienced greater difficulty in accessing financing, such as start-ups or individuals from under-represented communities.

Applicants will also be evaluated on the scope of their proposal in helping ensure that the loan fund has national reach, as well as their ability to provide additional wraparound services such as training or mentoring.

Once implemented, the loan fund will provide loans of up to $50,000 to women-led businesses in all sectors of the economy, including incorporated businesses, sole proprietorships, and for-profit co-operatives and social enterprises.

Information can be found at: https://www.ic.gc.ca/eic/site/107.nsf/eng/00016.html