Women Entrepreneurs Saskatchewan — All Access Expert Advice

Type
EXPERT ADVICE
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is a fantastic opportunity for your business. It offers up to $1,000,000 in financing, with an additional $150,000 available for software or operating costs. These funds can be used for a variety of purposes, including operating expenses, restorations, new equipment, and software. This flexibility allows you to address your business's unique needs effectively.

Key benefits of this program include:

  • Government-backed financing, providing security and reliability.
  • Flexible repayment options with terms up to 15 years, allowing you to manage your cash flow better.
  • Easy qualification process, ensuring you can access the funds without unnecessary hurdles.

By being approved for this program, you can significantly enhance your business operations, invest in growth opportunities, and ensure long-term stability. This program is designed to support businesses like yours, making it easier to achieve your goals.

Financing Details

Financing Details:

  • Type of Financing: Loan
  • Repayment Term:
    • Flexible repayment options available, including floating rate with principal plus interest payments, floating rate with blended payments, and fixed rate with principal plus interest payments.
    • Amortization period of up to 15 years for loan repayment.
  • Interest Rates:
    • Interest rates vary based on the chosen repayment option.
  • Eligible Expenses:
    • Eligible expenses include purchases made within the past 365 days before loan approval for financing.
  • Use of Funds:
    • Borrow up to $1,000,000 with specific allocations for equipment, leasehold improvements, intangible assets, and working capital.
  • Fees:
    • Document preparation fee of $175.
    • Application fee of $100.
    • One-time Federal Government registration fee of 2% of the loan amount.
    • 1.25% Administration Fee included in the interest rate.

Qualifications

  • Must be a business owner seeking advice in marketing, legal, accounting, or bookkeeping.
  • Business must be located in Saskatchewan.
  • Must be looking to grow or scale up the business.

  • Disqualifications:
  • None specified.

Description

This program offers one-on-one advice from experts in marketing, legal, accounting, and bookkeeping. These experts can help you grow or scale up your business.

You can use this advice to:

  • Develop effective marketing strategies
  • Navigate legal challenges
  • Manage your finances better
  • Improve your bookkeeping practices

The benefits are clear. With tailored advice, you can make informed decisions, avoid costly mistakes, and focus on what you do best—running your business. This support can lead to increased efficiency, better financial health, and ultimately, more success for your business.

Program Steps

  1. Gather Required Documentation:

    • Business Plan
    • Financial Statements (last two years)
    • Proof of Business Registration
    • Identification Documents (e.g., driver's license, passport)
    • Any other relevant documents specific to your business
  2. Complete the Application Form:

    • Visit the official program website
    • Download or fill out the application form online
    • Provide all requested information accurately
  3. Prepare a Detailed Proposal:

    • Outline how the funds will be used
    • Include cost estimates or quotes for any planned expenses
    • Explain the expected impact on your business
  4. Submit the Application:

    • Attach all required documentation and your detailed proposal
    • Submit the application through the designated portal or email address provided on the program website
  5. Follow Up:

    • Monitor your email or designated communication channel for any updates or requests for additional information
    • Respond promptly to any inquiries from the program administrators
  6. Review and Sign Agreement:

    • If approved, review the terms and conditions of the funding agreement
    • Sign and return the agreement as instructed
  7. Receive Funds:

    • Upon final approval and agreement, the funds will be disbursed to your business account
    • Use the funds as outlined in your proposal
  8. Report on Fund Usage:

    • Keep detailed records of how the funds are used
    • Submit any required reports or documentation as specified by the program guidelines
Visit Program Website