About WeWork Loans

Working capital loans provide short-term funds to cover day-to-day operations such as inventory, payroll (not owners draw) or rent. Working capital may also be required in the early stages of a business or in times of financial challenges. These loans can help manage unexpected costs or revenue fluctuations. They’re accessible to entrepreneurs who may not meet the requirements of a traditional loan due to factors such as low credit score, lack of collateral, or limited work history.

About WeMicro Loans

WeMicro Loans can be used for business costs to startup, expand or purchase an existing business. These business costs may include equipment, leasehold improvements, fixtures, marketing and advertising, or computers and software.

Both WeWork and WeMicro Loans

WeWork and WeMicro loans are available from the Manitoba Women’s Enterprise Centre Inc., operating as WeMB. Loan applications are evaluated not only on the business concept but also the assets that you are contributing to the project, your credit, personal character, competencies, and commitment.

Female/male partnerships are encouraged to apply, provided the woman owns at least 51% of the business and is actively involved in its operation and management.

• WeWork and WeMicro loans are available in any amount between $5,000 - $25,000. Clients with existing loans may apply for additional funds, but the total amount owing cannot exceed $150,000.
• No monthly fees
• No costs or penalties for early repayment
• Terms up to three years
• Applicants can be sole proprietors, partnerships or corporations
   

Once you've determined your eligibility, you'll need to gather some things before applying.