WEOC Loans

Women’s Enterprise Organizations of Canada (WEOC) supports a diverse membership of organizations that directly impact the growth and success of Canadian women entrepreneurs. WEOC members support entrepreneurs through a variety of initiatives, including business training, advising, financing, and mentorship.

WeMB is the Manitoba National Loan Fund Partner of WEOC.

WEOC National Loan Fund Details:

• 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
• 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
• Loan can be repaid at any time without penalty

For more information on WEOC National Loans, please visit weoc.ca, or contact a WeMB Business Advisor.