WeBC — Business Loans for Youth

📋 Eligible Entities - Women business owners aged 19–39 years old - Canadian residents (British Columbia-based businesses) - Entrepreneurs at any stage: startup, early-stage, or established small business - Self-employed individuals and sole proprietors - Incorporated businesses where the applicant is the principal owner/operator ### 💰 Funding Details - Loan Amount: Up to $70,000 - Repayment Structure: Flexible repayment options (terms customized based on business cash flow and circumstances) - Interest Rate: Not specified in program description; clarify with WeBC directly - Matching Requirements: No matching contribution required - Repayability: Loan-based (must be repaid); not a grant - Additional Support: Free, ongoing business advisory services included throughout loan term ### 🛠️ Approved Expenses The program description does not specify approved expense categories. Typical business loan uses may include: - Equipment and machinery purchases - Working capital and inventory - Technology and software adoption - Facility improvements or lease deposits - Marketing and business development - Staffing and payroll (startup phase) Recommendation: Contact WeBC directly to confirm eligible vs. ineligible expense categories before applying. ### ⚠️ Conditions & Milestones - Age Requirement: Applicant must be between 19–39 years old at time of application - Personal Business Advisor: Access to free, ongoing advisory support is mandatory/included - Loan Repayment: Must meet agreed-upon repayment schedule - Business Viability: Lender will assess business plan, financial projections, and creditworthiness - Timeline: Not specified; contact WeBC for application processing timelines - Additional Conditions: Subject to standard lending criteria and credit assessment