Women’s Enterprise Centre of Manitoba Loan

Overview of the Women’s Enterprise Centre of Manitoba Loan program:

The Women’s Enterprise Centre of Manitoba Loan is a funding opportunity given to women in the field of business who plans to start or expand their own business enterprise. With the maximum loan amount of $150,000.00, eligible applicants may used this funding for the purpose of improving business operations such as to cover the needs for advertising and marketing, as well as for the procurement of equipment and other logistical needs.

Benefits of the Women’s Enterprise Centre of Manitoba Loan program:

• Loans are available in any amount with a maximum loan amounting to $150,000.00 per eligible applicants. Loans can be used for a variety of expenses, such as those that may not be covered by other lending institutions including:
  • Leasehold improvements
  • Advertising and marketing costs
  • Purchase of an existing business
  • Purchase of inventory
  • Purchase of equipment

Eligibility criteria of the Women’s Enterprise Centre of Manitoba Loan program:

• You do not need to be existing Womens Enterprise Centre of Manitoba clients but you will need to provide or demonstrate the following:
  • A minimum of three years of profitable operation. This must be verified through professionally prepared financial statements from an accountant.
  • One year of projected monthly cash flow and profit/loss statements. Additional projections may be requested if the expansion is a long-term project.
  • A business case that provides an overview of the existing business, particulars of the expansion, and a viability analysis.
  • Complete loan application and personal statement of affairs documents. A normal credit investigation will be completed.
  • Detailed listing of aged accounts receivable, accounts payable, and inventory may also be requested.