Small business loans for women entrepreneurs

Personal

Business

Why us

Join us

For women entrepreneurs.

Featured member

Tayybeh employs Syrian newcomer women, many of whom are now notable chefs in the city’s culinary scene.

Borrow

Up to $250,000

Best part

Get funding, plus networking opportunities and advice from experienced mentors.

Book an appointment

Why our startup loans stand out.

Inclusive approval

Women, and anyone who identifies as a woman or non-binary individual can qualify as a startup based on their credit score.

Advice and support

Get ongoing support to develop skills, manage risk and plan for the future through WeBC’s resources, business advisors, mentorship and community.

You'll also have access to tailored Advice Plans from our advisors who can look after your whole financial picture.

Financial flexibility

Borrow funds as a term loan or line of credit — whatever is best for you — with no application fee. Get instant approval and same-day funding depending on your credit score.

Loan details.

	Line of credit	Term loan
Loan size	Up to $25,000¹ for new businesses Up to $250,000³ in total lending for businesses that have generated revenue for at least 12 months	Up to $250,000² in total lending For businesses that have generated revenue for at least 12 months
Interest charged	Vancity Prime^± plus 3%³	Vancity Prime^± plus 2.5%²
Repayment period	Monthly interest payments, principle can be paid at your own pace	5 years

Line of credit

Term loan

Loan size

Up to $25,000¹
for new businesses

Up to $250,000³ in total lending
for businesses that have generated revenue for at least 12 months

Up to $250,000² in total lending
For businesses that have generated revenue for at least 12 months

Interest charged

Vancity Prime^± plus 3%³

Vancity Prime^± plus 2.5%²

Repayment period

Monthly interest payments, principle can be paid at your own pace

5 years

A term loan is repaid over a specific period of time by making payments on both the principal and interest. A line of credit (also known as an operating loan) requires the loan-holder to repay only the interest on the outstanding loan balance each month. A line of credit is limited to a maximum of 25% of the total approved amount. Applying for these loans is free while the monthly administrative fee for startups is waived for 12 months, and 6 months for growing businesses.

Get inspired.

How will you use your small business or startup loan? Here are a few ideas to get you started:

Working capital

New production and services

Business expenses

New tools or equipment

Leased office space

Research and development that leads to commercialization

Pre-commercial and commercial product development

Market development

Eligibility.

You plan to operate the business in Metro Vancouver, the Fraser Valley Regional District, Greater Victoria, or the Sea-to-Sky Corridor

You meet one of the following criteria:

At least one business owner is enrolled in or recently graduated from a self-employment or pre-entrepreneurial training program
Your business plan has been reviewed by a coach, mentor or a third-party business advisor like WeBC
You have one or two years of sales history

Book an appointment

Let’s get to know your business.

We want your business to be successful and have a positive impact on our community. If this loan sounds right for you, we’ll work with you to understand your business potential and explore financial solutions to meet your needs.

Start with a plan.

A business plan helps us understand your goals and how you’ll achieve them. Not sure what goes in a plan? Check out our Small Business Startup Foundations learning modules.

Select a time to meet.

Meet with us online or over the phone to discuss what you're looking for.

Book an appointment

Meet with us.

We'll talk through the details, answer your questions and gather any additional information.

Featured member: Tayybeh

Vancity is committed to supporting newcomers to Canada by offering the financial tools they need to thrive. Tayybeh, a women-led catering and food processing company began as an initiative to support Syrian women who had been uprooted from their home country to begin new lives in Canada. After a few months of hosting pop up dinners across the Lower Mainland, Tayybeh officially launched as a social enterprise to provide steady employment for Syrian newcomer women and create opportunities for community building and social integration.

Meet other members making change

Startup loans

For women entrepreneurs.

Why our startup loans stand out.

Inclusive approval

Advice and support

Financial flexibility

Loan details.

Get inspired.

Eligibility.

Let’s get to know your business.

Start with a plan.

Select a time to meet.

Meet with us.

Tools to build your business.

Business credit cards with reward points.

One-stop-shop for business solutions.

Business banking that comes to you.

Point-of-sale and payment technology.

Deposit drop boxes, accessible 24/7.

Featured member: Tayybeh