NACCA | Women Entrepreneurship Loan Fund

The Women Entrepreneurship Loan Fund will help ensure that more women entrepreneurs have the tools and financing they need to succeed. The Government of Canada has selected several delivery organizations to provide loans to women entrepreneurs.

While progress has been made since the launch of the Women Entrepreneurship Strategy (WES) in 2018, access to capital, particularly in smaller amounts, remains a significant barrier for many women entrepreneurs seeking to start or grow their businesses. To help address this barrier, the Government of Canada allocated $55 million in Budget 2021 for the creation of a new national microloans fund. This new program is providing loans of up to $50,000 to women entrepreneurs, particularly for start-ups, underrepresented groups or sole proprietorships which may experience more difficulty in accessing financing.

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