DELIA

A national women entrepreneurship loan fund powered by Nventure.

Investing in Women

DELIA is an alternative lending solution for women-owned and women-operated ventures in Canada.

With the support of the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and Innovation, Science and Economic Development Canada (ISED Canada), DELIA provides $15,000 loans (and up to $50,000) to qualifying women-owned enterprises for business start up, stabilization, and expansion.

DELIA represents Nventure’s evergreen commitment to gender equity in access to capital in Canada. Apply now to advance your venture and your vision.

  • Microloans in the $15,000 range (up to $50,000).

    • Prioritizing diverse, intersectional and under-served Women entrepreneurs

    • Interest rate: Prime +2% to Prime +4% risk-rated

    • Standard 2-year term (3 and 4-year term for larger loans)

    • Secured by GSA and personal guarantee, insurance assignment, no collateralization

    • No pre-payment charges

    • Concurrent mentoring, training and development opportunities for select microloan recipients (1:1 advisory sessions, workshops, etc.).

    • If the application is approved, a Loan Administration Fee of 1% of the principal will apply (to be deducted from the advance).

  • Please click here to read our detailed DELIA application guide, including eligibility and suitability requirements.

  • Please have the following documents ready to upload.

    Start-ups (in business <12 months):

    • Business Plan

    • 12-month cashflow forecast

    In addition, applicants will be asked to provide:

    • Personal resumé(s)

    Established Businesses (in business >12 months):

    • Financial Statements for last two years (in-house or accountant prepared).

    In addition, applicants will be asked to provide:

    • Scanned image file of documents confirming your personal identity and that of any major shareholders/owners/principals

    • Articles of Incorporation/Business Registration

    • Business Bank Account online sign in information (username and password)

    • Other online business account sign in information (e.g. cloud-based accounting software, payments, e-commerce services, etc.)

    • Business performance metrics (e.g. income, expenses, gross margin calculation, etc.)

  • Competitive Rates

    As alt-social finance, DELIA offers flexible low-cost solutions for women-owned businesses across Canada.

  • No Prepayment Penalty

    Is your business bankable? Simply pay off your DELIA loan at any time without incurring any additional charges.

  • Concurrent Support

    Our team is with you on your entrepreneurial journey offering advisory services, industry connectivity and helping to identify follow-on funding opportunities.

 

Connect with the DELIA Team