AWE Growth Loan

By mmuise
Description:

AWE provides repayable loans of up to $150,000 to women-owned businesses in Alberta.


Comments on Funding:

Funding takes the form of repayable loans ranging from $10,000 to $150,000

Loan terms and fees:
1. Competitive interest rate ranging from Prime +2% to Prime +4%.
2. Flexible repayment options and terms of five years.
3. There’s no penalty for early repayment and no hidden fees.
4. The loan administration fee is 1% of the amount loaned to a maximum of $500.
5. AWE requires that the applicant will contribute a minimum, or have contributed a minimum, of 25% owner equity on the total project costs.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be a 50.1% women-owned and led business;
  • be business registered and located in the province of Alberta;
  • have a minimum credit score of 650;
  • contribute a minimum or have contributed a minimum of 25% owner equity on total project costs;
  • contribute a minimum of 30% security on the loan. This amount differs depending on the size, risk, and purpose of the loan.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise