Special Loan Fund
As part of the Scotiabank Women Initiative, business owners have access to a loan fund of $3bn. The fund will be available over three years offering special rates to woman-owned and woman-led businesses.
Key features*
Loan amount
SME Clients: access loans of up to $50 million within the three-year fund cycle
Corporate and Commercial Clients: access loans of up to $350 million
Rate
Special rate of 8%*
Special
50% reduction of Commitment and Application Fees
Eligibility Criteria
Applicants must be women-owned */or women-led* business
Company
Sole Trader
Partnerships
Incorporated companies, corporations or co-operatives
All entrepreneurs creating value and driving economic growth
Operational
Woman owned: minimum shareholding of 20% with a woman who is 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).
In operation for a minimum of 3 years.
Financial
Must have good credit history.
Rates applicable until December 31, 2025
*Conditions apply.