Total Pool - $40,000.00
The Venture for Enterprising Women Loan Program (VEW) consists of funds provided to the Business Development Centre as an endowment from a non-profit entity titled Venture for Enterprising Women. This organization was started in mid-1990 by Rosel Schewel and several other local women who wished to assist others in becoming self-supporting by starting their own business. For several years, this organization utilized the BDC’s training program for their clients. When the VEW organization closed its doors in 1998, they offered the Centre their cash assets to establish a loan pool fund to serve businesses in Region 2000 who have women owners with a percentage of ownership of at least 51%. The maximum loan amount under this program is $40,000.00. The interest rate on the funds referenced above is prime plus three percent (3.00%) with a floor of eight percent (8.00%). There is a non-refundable application fee of $150.00. There is a one percent (1.00%) origination fee if the request is approve