WESK lends you more than an ear.
Financial support for entrepreneurs can be hard to find — particularly for women. That’s why we established the WESK Financing Fund.
Since 1995, we’ve provided $35.5 million to grow member businesses — and helped create 1,446 jobs and counting!
Could your business be next?
Apply for WESK Financing
To be eligible, you must:
- be or become a WESK member for the term of the loan
- operate or be about to operate a woman-owned or majority female-owned (51%) business in Saskatchewan
- be able to contribute 20% in equity toward the project
- meet with a WESK Business Advisor to complete/review your business plan
- fill out a loan application, provide a personal financial statement and pay the $500 application fee
First Step: Apply! Apply! Apply!
- Sign-up for a WESK Membership
- Click “Account” and log in to our Member Dashboard
- Select “Business Advising” and fill out the Request for Business Advising form
- A WESK Business Advisor will contact you within 5 business days to set up an appointment
While you’re logged in, be sure to update your member profile to be listed in the MyWESK Member Directory
Next Steps: Meet your WESK Business Advisor!
- Review your business plan together (No plan? No worries. We can help!)
- Once your business plan is ready, your WESK Business Advisor will transfer all documents to our Loans Review Committee
- You will meet with the Committee to complete the loans application
- The Committee will review your application and business plan
Loans up to $250,000 now available!
Need capital to start or grow your business?
Women’s Enterprise Organizations of Canada (WEOC) has signed a pioneering partnership with the Business Development Bank of Canada (BDC) to better support women entrepreneurs – WESK members included! You could qualify for startup financing up to $200,000 and growth and expansion financing up to $250,000.
Stop in and see us or email email@example.com for details.
“Women entrepreneurs are one of Canada’s greatest resources. This partnership will give our members fantastic opportunities to help attain their business dreams” – Sandra Altner, Chair of WEOC
Frequently Asked Questions
Do I have to put my own money into the business?
Yes! The more you’ve personally invested, the more committed you are to making your business work, and the more likely other investors or lenders are to support you. A general rule of thumb is 20% of your project cost. You may be able to get financing through a bank loan, government loan or grant, personal investors, or even from friends and family.
How long does it take to get a loan from WESK?
It depends if you’ve completed your business plan. The more prepared you are, the quicker the process. Your first step is to meet with a WESK Business Advisor, who will help you complete your plan. Once all your documentation is received, the review and decision process usually takes about two weeks.
If the loan is denied, may I appeal?
Yes. Within 15 business days of the date of the decline letter, please provide, in writing to the CEO, sound business reasons why your application should be reconsidered and include any new information not previously shared.
The CEO will review your original application, assessment, appeal letter, and gather any additional input from you and/or staff as needed. If the CEO feels there are sufficient grounds for the appeal, the CEO will forward the material to two individuals independent from the loans process. From here, a final decision on the appeal will be made within two weeks.
The CEO will then contact you to explain the decision, which is binding.
Are there any grants available to women starting a business?
WESK offers loans of up to $150,000 ($250K through our partners), but no grants. There has been a great decline in the number of grants available over the past 10 years. Most are federally funded and target specific industries, regions or groups (visible minorities etc.).