To help remove barriers facing women entrepreneurs, Western Economic
Diversification Canada established the Women's Enterprise Initiative (WEI). This
non-profit initiative has offices in each of the four western provinces and
provides business information and services (including business loans), advisory
services and training options aimed at women business owners.
To access the WEI Loan Program, you must be:
- A legal entity 50% or more owned and controlled by a woman or women.
- Operating or about to operate in one of the four western provinces.
- Be able to submit a business plan that outlines a viable business (WEI will
counsel you on how to develop a business plan).
- Seeking debt financing up to a maximum of $100,000.
- Seeking financing for start-up, expansion or the purchase of an existing
business.
Staff at each of the WEI locations can also help you access traditional bank
financing through the relationships WD and our WEI partners have established
with several financial institutions.
How can my company apply?
Each province has established its own lending criteria and loan program
details. For more information, contact the WEI office in your province.
What other services may I be eligible for through Western Economic
Diversification Canada?
Small and medium-sized businesses in most rural and urban centres can easily
access WD's and a range of other business services through WD's Business Service Network.
With over 100 points of service in urban and rural communities across the
West, the Business Service Network is made up of several integrated
organizations that provide entrepreneurs with what they need to establish a
business or make it grow.
Our Western Canada business service network partners work in their local
communities to ensure western Canadians have direct access to information and
advice on a wide range of financing alternatives. They will help you determine
your eligibility for those that best suit your needs. Services they offer range
from marketing information and funding options, to counseling and support. For
information on the services our network provides and the network member nearest
you, visit http://www.wd.gc.ca/pos/default_e.asp.