News

Federal government is providing $30 million in loans to women entrepreneurs

September 7, 2022

568

federal-government-is-providing-30-million-in-loans-to-women-entrepreneursCJ

The Government of Canada recently announced that the Women’s Enterprise Organization of Canada (WEOC) will provide loans of up to $50,000 to women entrepreneurs and business owners this fall through the Women’s Entrepreneurship Loan Fund.

The fund, which will disburse nearly $30 million in loans, is already supporting women across the country, with the majority of recipients being underrepresented women. Anker’s strength and the country’s financial security.

“Women are smart, creative, motivated and they already know how to be successful,” said the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development. “What they need is opportunity, open doors and raised hands. This is exactly what our government provides through the Women’s Entrepreneurship Loan Fund. By removing systemic barriers to access to finance, we are once again leveraging the leverage to empower women entrepreneurs to reach their full potential, create local jobs and drive economic growth.”

WEOC will provide loading funds through its regional loan fund partners and is committed to working with women entrepreneurs at every stage of the application process and beyond.

“The Women’s Entrepreneurship Loan Fund empowers women entrepreneurs by providing much-needed funding and comprehensive business support that we know will ensure long-term success,” said WEOC CEO Alison Kirkland. “SMEs The backbone of Canada’s economy, now is an excellent time to devote resources to supporting the growth of women-owned businesses.”

For more information on WEOC’s Loan Fund Program, click here.