Comments on Funding:
Funding will take the form of loans of up to $15,000.
Applicants can request up to $50,000 for a DELIA Microloan. The amount approved will be based on NCFDC’s analysis of applicant’s request. Approved amounts are typically $15,000.
Not-for-profit organizations are not eligible for loans.
must submit their application online. At first, they will be taken to a rapid pre-screening portal to ensure they meet basic eligibility requirements (this portion does not effect their credit score) before proceeding to the fintech-driven lending platform powered by CORL (which will generate a credit enquiry). The credit application portion normally takes no longer than 30 minutes and sometimes as little as 10 minutes if applicants have all of their information ready.
will be instantly informed of their application status and a DELIA representative will contact them to finalize the lending process and disburse funds to successful applicants.
Applicants should have handy for their online application the following:
Other Things to Note:
- DELIA’s pilot project in 2019-2020 backed 42 companies with $675,000 in targeted microloans.
- Its goal is to ensure that by 2024, DELIA stands as a revolving and evergreen microloan fund for all Canadian Women entrepreneurs for start up, stabilization and expansion.