Acquisition and Growth

Administrator: Evol

Source of Funds: Provincial Government, Canada

No Deadline

 

About

EVOL offers this loan to businesses with diversified, inclusive ownership that are undertaking growth, acquisition or transfer projects. Entrepreneurs applying for a loan must be from a community that is under-represented in entrepreneurship (women, racialized people, immigrants, First Nations, Inuit, LGBTQ2+ community and people with disabilities) and own at least 25% of the shares and votes or provide a business plan to ensure that threshold is met in the future. Interest rates are calculated based on the level of risk and there is a moratorium possibility in the case of parental leave.