The DELIA Micro Loan Program, offered by NCFDC, is a flexible microloan initiative aimed at supporting Canadian women entrepreneurs. It provides accessible funding for launching, growing, or stabilizing a business. The program operates as a revolving loan fund and is widely available to eligible applicants. DELIA stands for Develop, Educate, Lead, Innovate, and Accelerate.
Approved applicants can access a two-year loan of up to $15,000. Interest rates range from Prime +2% to Prime +4%, depending on the applicant’s risk rating. There are no fees for early repayment. However, a 1% Loan Administration Fee is applied to the principal and is deducted from the loan amount at the time of disbursement.
To qualify, applicants must:
Loan funds can be used for:
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