The Government of Canada is advancing gender equality and women’s economic empowerment.
Today, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, announced that Evol is providing loans of up to $50,000 to women entrepreneurs and business owners through the Women Entrepreneurship Loan Fund. The Minister was joined by Emmanuella Lambropoulos, Member of Parliament for Saint-Laurent, and Sevrine Labelle, Chief Executive Officer of Evol.
Minister Ng highlighted that, since its launch, the Women Entrepreneurship Loan Fund has been supporting women entrepreneurs across the country by distributing $55 million in loans to those starting up and growing their businesses, with a majority of the recipients being under-represented women. With Evol set to distribute $7 million in loans, the Government of Canada is ensuring that even more women can access capital to start or grow their businesses.
Evol will be an important partner in delivering the Women Entrepreneurship Loan Fund in collaboration with its regional loan fund partners. They will work with women entrepreneurs at every stage of the application process and deliver top-quality wrap-around business support, including helping applicants with the development of viable business plans and providing advisory services, training and loan aftercare.