• This program is currently closed.



Type of Program:



DELIA is an automated lending platform for women-owned and women-led innovation-driven enterprises located anywhere in Southern Ontario.

Comments on Funding:

Funding will take the form of loans of up to $15,000.
For approved DELIA loan recipients, additional lending solutions may be available in-house or by referral for amounts up to $250,000 or more.

Loan terms and conditions:

  • interest rates starting at 0% and no more than Prime plus 2%;
  • 12-24 month terms;
  • no prepayment penalty;
  • non-dilutive;
  • deferred payments in response to COVID-19;
  •  loan administration fee of 1.5%.

When It Ends:



Not specified


Academic institutions must:

  • be women-owned and women-led (a woman is, or women are, driving the direction of the business (for a minimum of one year) as Founder, Co-Founder, CEO, C-Suite Executive (e.g. CTO, CFO, COO, etc.), Owner-Operator, Principal, etc.; and/or the business is owned by a woman or women (combined) that have majority ownership (a minimum of 51% equity stake));
  • be innovative, for-profit corporations (as well as sole proprietorships) in the following sectors prioritized by the Government of Canada:
  • Advanced Manufacturing;
  • Agri-Food;
  • Health/Bio-sciences;
  • Clean Technology;
  • Digital Industries;
  • Resources of the Future (forestry, water, etc.).
  • be located anywhere in Southern Ontario;

Innovative ventures are typically engaged in bringing valuable new products and processes to market that fill a gap or address a need in a way that is fundamentally different from the existing competition, representing a technological leap forward. 

Applications Steps:


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 20 minutes and sometimes as little as 5 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.

Documentation Needed:

Applicants should have handy for their online application the following:

  • scanned image file of your Passport or Driver’s License for identification;
  • Articles of Incorporation/Business Registration;
  • Business Bank Account online sign in information (username and password);
  • other online account sign in information (e.g. QuickBooks Online);
  • business performance metrics (e.g. income, expenses, gross margin calculation, etc.);
  • other documentation you may wish to include, such as a business plan (a concise document outlining major planning assumptions)

Other Things to Note:

Delia is a recently completed program that financed 52 women-owned and led businesses across Southern Ontario by developing an innovative new fintech product.

About the author 


Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.


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