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WeBC
Loans for young women entrepreneurs in British Columbia
Helps women aged 19 to 39 get loans up to $70,000 for their business. Offers flexible repayment and free advice from a business advisor.
An unsecured joint loan of up to $70,000, partnered with Futurpreneur Canada. The program offers WeBC matching Futurpreneur’s interest rates, flexible repayment options including up to six months interest-only, a one-time 1% loan administration fee (before disbursal), and no penalty for early repayment. Loans are bundled with complimentary professional support, including free, ongoing business advice from a personal Business Advisor, mentorship, and free business skills training and workshops.
Business Size: small
Region: British Columbia
Demographics: youth, women-owned
Other Criteria: Applicants must be between the ages of 19 and 39, A woman (or women) who owns and controls at least 51% of a business, Business must be registered and located in British Columbia, A Canadian citizen or permanent resident, Residing in British Columbia, A comprehensive Business Plan is required, Market research confirming demand for product/service is required, Monthly cash flow forecast for the next two years of operation is required, Historic financial statements of the business (for purchase) may be required, Copy of proposed purchase agreement may be required, Must show personal equity investment in the business (minimum 10% of the loan amount), Must have the skills to operate and manage a business successfully (gainable through work experience, education, volunteer positions, or other personal background), Must have knowledge of operational aspects of the business and industry, financial management, marketing, and sales, Business idea must be strong, realistic, and workable, Strategy to carry out the business plan must be viable, Must attend a mandatory free Business Loan Info Session
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This program is available to small businesses located in British Columbia.
This program offers funding up to $70,000.
This program accepts applications on a rolling basis.
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