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What We Offer > FINANCING

Vancity Women Entrepreneurs Program

WeBC and Vancity have partnered to offer women more access to the funds they need, more networking opportunities with like-minded people, and more advice from experienced mentors with the Women Entrepreneurs Program.

Program features

The Women Entrepreneurs Program provides financing from Vancity with wrap-around support from WeBC. As a Program client, you get free access to practical business training and mentoring services from WeBC to help you grow the skills that are pivotal to your business success.

Option 1: Startup

(For new businesses)

  • Variable rate line of credit
  • Access up to $25,000
  • Get a preferred lending rate of prime +3% ¹ 
  • Simplified approval process with immediate credit decisions
  • Personalized Financial Advice Plan with a Wealth Planner
  • Complimentary mentorship, support and advice through WeBC

Option 2: Growth loan

(For businesses that have been operating for at least 12 months)

  • Variable rate term loan or line of credit
  • Access up to $250,000 2 
  • Get a preferred lending rate of prime +2.5% ³ on a term loan, or prime +3 on a line of credit 4
  • Maximum term of 60 months
  • Simplified approval process
  • Personalized Financial Advice Plan with a Wealth Planner
  • Complimentary mentorship, support and advice through WeBC

Program details

WeBC support services included

 

We’ve got your back:

  1. Connect with other business owners in WeBC’s Peer Group and One-to-One Mentoring programs.
  2. Access and explore WeBC’s resource library and connect with Business Advisors who will help you achieve your goals no matter what stage your business is at.
  3. Receive ongoing support to develop your skills, manage risk, and plan for the future.
  4. Make connections with a supportive community of women entrepreneurs.

All applicants must be:

 

  1. A woman who owns and controls at least 51% of a business that is registered and located in BC
  2. A Canadian citizen or Permanent Resident
  3. Over 19 years old
  4. Located in the Lower Mainland, Fraser Valley (up to and including Hope), Victoria, or Sea to Sky region.

Ready to take the next step?

If you have any questions about the program, or would like to start your application, please visit the Vancity website.

START YOUR APPLICATION

“My Mentor’s support and encouragement, especially when considering accumulating company debt, helped give me the confidence to invest and expand our business. I’m thrilled with the growth we’ve had.”

“Not only am I getting a loan that allows me to take more risks, but I’m also getting these programs out of it for free. This is a smart decision to be part of this and keep taking advantage of all their free programming.”

1 The Annual Percentage Rate (APR) is based on the loan requiring a monthly interest payment based on the outstanding balance where the APR is set at Vancity Prime +3% per annum. No application fee and the monthly administration fee is waived for 12 months.
2 As per Vancity normal lending guidelines and qualification criteria.
3 The APR is based on a $5,000 loan with monthly payments starting after 6 months and paid through a 5-year term. APR assumes no fees apply.
4 The Annual Percentage Rate (APR) is based on the loan requiring a monthly interest payment based on the outstanding balance where the APR is set at Vancity Prime +3% per annum. No application fee and the monthly administration fee is waived for 6 months.
Rates subject to change without notice.
Vancity Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by Vancity. The interest rate on your loan will change whenever Vancity Prime varies.