May 20, 2022
Reference to the CFA’s Advocacy Update from May 12, 2022
Alberta is investing $6 million in grant funding for business loans aimed at supporting and empowering women entrepreneurs by providing them with more access to capital. The loan program provides low interest business loans and business advisory supports to women entrepreneurs.
Loans accessed through this grant will be administered by Alberta Women Entrepreneurs and Community Futures Network of Alberta. Each organization will receive $3 million in grant funding through the Women’s Economic Recovery – Capital Growth Initiative.
Both Alberta Women Entrepreneurs and Community Futures Network of Alberta will help women entrepreneurs by providing access to funds, as well as business supports like specialized training, advising and mentorship. Under the initiative, up to $75,000 will be available in unsecured conditionally repayable loans. Eligible costs include operating capital, equipment, leasehold improvements, inventory, non-owner salaries and professional fees.
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