Frequently asked questions

What is the Scotiabank Women Initiative?

It is a signature program that breaks down economic barriers for women through unbiased access to capital, specialized education, and holistic advisory services and mentorship.

How do interested businesses participate? Do they have to be Scotiabank customers?

SWI serves Scotiabank SME, Corporate an Commercial clients who operate woman-led or woman-owned business.

Definitions

Woman-owned: minimum shareholding of 20% and active in the business
Woman-led: having an executive/decision maker who is active in the business and/or a Director (as per business registration).

How does the Scotiabank Women Initiative support women-owned and led businesses access financial solutions?

We have committed $3-billion over three (3) years with additional benefits such as special loan rate of 8%*, with application, and commitment fees discounted by 50%.