WEOC National Loan Fund

WeBC is proud to be the BC Loan Fund Partner for this national program!

WeBC is proud to be the BC Loan Fund Partner for the national $34 million WEOC National Loan Program for women and non-binary entrepreneurs as they start, scale, grow and maintain their business.

For women entrepreneurs in BC, the first step to accessing funds is to connect with us at WeBC!


WEOC National Loan Fund Details

  • Loans are available to all industries/sectors
  • Maximum loan amount is $50,000
  • Term loans of up to 5 years
  • Maximum interest rate is Prime + 4%
  • Maximum loan administration fee: 1% or up to $500 per loan, if approved
  • Loans issued by WEOC to eligible borrowers are not grants, contributions or forgivable loans
  • Loan can be repaid at anytime without penalty
  • WEOC handles all loan administration including loan application funding decision, loan documentation, payment and collections
  • No minimum equity requirement but equity strengthens the viability of the business
  • Security is not required but can be offered and may strengthen the application
woman business owner in workshop

Eligibility Requirements

All applicants must:

  • Be over 50% woman-owned
  • Have less than $2 million in gross annual revenues
  • Be owned by a Canadian citizen or be a legal entity owned and controlled by a Canadian citizen
  • Have a business plan, including cash flow forecasts for a minimum of two years
  • Individuals submitting loan applications must be:
    • At least 19 years of age
    • A Canadian citizen or Permanent Resident
    • Residing in Canada

Eligible expenses

  • Capital assets (including machinery/equipment, leasehold/property improvements)
  • Office and equipment rental
  • Salaries and benefits (excluding owner’s salary)
  • IT/Software license purchase
  • Professional services
  • Inventory/Supplies
  • Intellectual Property
  • Working Capital (e.g. payroll, lease payments, accounts management, rent, overhead costs)
  • Digital (including website/E-commerce development)
  • Marketing/advertising/business promotion
  • Employee training
  • Short term receivable financing (i.e. financing to service a contract)
  • Business start-up costs (legal fees, business incorporation fees, business plan preparation, etc.)

For a list of ineligible expenses, please visit the WEOC website >>>

How it works

  1. Applicants in BC will work with a WeBC Business Advisor to prepare application documents, including a business plan and 24 months of financial projections.
  2. Once the documents are ready, the Business Advisor will connect the client with the WEOC loan application portal.
  3. WEOC delivers the loan application funding decision, loan documentation and payment.
  4. Loan clients can access free wrap-around supports throughout their loan, including advisory services, training and mentoring from WeBC!

More questions?

How to Apply

The WEOC National Loan Program is not yet open for applications. It is scheduled to open in mid- to late-Fall 2022.

In the meantime, you can participate in one of our bi-weekly Business Loan Info Sessions to learn more about the program and ask your questions. If you need funding sooner, you may qualify for the WeBC Loan Program and can learn about both options in the info session.

Sessions are held every second Tuesday at noon (PT). During this session, the facilitator will:

  • Review lending criteria for the WeBC and WEOC loan programs
  • Answer your questions
  • Advise you on how to apply
  • Provide you with a resource package

Ready to take the next step? Register for our free business loan info session

Register Free

The WEOC National Loan Program is possible with funding provided by the Government of Canada through the Women’s Entrepreneurship Strategy.