Do I Qualify for a Business Loan?

Women’s Enterprise Centre offers two types of business loans for BC women:

  1. Primary Lending Program for loans up to $150,000
  2. Specialty Loans, including:
    • Joint Youth Loans, for unsecured loans up to $65,000 for women under 35 (available in partnership with Futurpreneur Canada)
    • Equal Access to Capital Lending Program, for unsecured loans up to $50,000 if you have a credit score over 650

Basic Eligibility Requirements

All applicants must be:

  • A woman who owns and controls at least 51% of a business that is registered and located in British Columbia
  • A Canadian citizen or Permanent Resident
  • Residing in British Columbia
  • Over 19 years old

You Will Need the Following

(And We Can Help!)

1. A strong and workable business idea and a comprehensive business plan
2. Management knowledge and experience
3. A cash/equity contribution
4. Security
5. A good credit history
Picture of Heather Davis

Heather Davis
Stellar Gem Services, Kelowna
WEC Loan Client

Ineligible Projects

If a project falls into one of the categories below, it is not eligible for Women’s Enterprise Centre financing:

  • Projects in the pre-start-up phase for which seed or early-stage capital is required
  • Any business in which the owner does not have operational control over important aspects of the business (this may include some franchises)
  • Any business for which the majority of gross revenues do not come from direct sales of the business’s products or services (i.e. Multi-tiered marketing projects)
  • Any projects that support businesses that do not operate on a for-profit basis
  • Any investment that can be considered speculative
  • Refinancing of existing debt from another lender
  • Loans greater than $150,000
  • Loans for which the secondary financing necessary to the project over and above $150,000 is not confirmed

Ready to Take the Next Step?

Register for our FREE Business Loan Info Session

Still have questions? Check out our Business Loan FAQs or call us at 1.800.643.7014.

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