How to Apply for a DELIA Micro-Loan

A comprehensive guide for women entrepreneurs

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Are you a woman entrepreneur looking for financial assistance to grow your business? Look no further than the DELIA Micro-Loan program. The DELIA Micro-Loan program is a government-funded initiative aimed at helping women entrepreneurs grow their businesses. With DELIA, you can receive up to $15,000 in unsecured loans to help you achieve your business goals.

This overview provides information to help you to apply for the DELIA Micro-Loan program and take your business to the next level.

How to Apply

To apply for the DELIA Micro-Loan program, you need to complete the following steps:

  1. Determine Your Eligibility: The program is open to Canadian women entrepreneurs starting or growing a business. You must be at least 18 years old, have a credit score of at least 600, and be a permanent resident or Canadian citizen.
  2. Prepare Your Business Plan: You need a solid business plan outlining your business goals, strategies, and financial projections. The business plan should demonstrate the viability of your business and how the loan will help you achieve your goals.
  3. Gather Your Financial Documents: You need to provide financial statements, tax returns, and other relevant documents that demonstrate the financial health of your business. You also need to provide a personal guarantee and business insurance.
  4. Apply Online: You can apply through the DELIA Micro-Loan program website - First, you need to create an account and complete the application form. You also need to submit your business plan and financial documents.
  5. Await a Response: Once you submit your application, you will receive a response within ten business days. If your application is successful, you will receive the loan funds in your bank account.

Loan Features

Thanks to its array of features, the DELIA Micro-Loan program is an excellent funding option for women entrepreneurs. Firstly, the loan needs to be secured, which means you don't need to provide collateral. Instead, the loan is secured by a general security agreement, placing a blanket lien on the assets of your business. Additionally, the loan has a flexible repayment term of up to two years, and you can pay off the loan at any time with no prepayment penalty. The interest rate is also competitive, ranging from prime plus two to four percent. Most importantly, there are no restrictions on using the loan funds as long as it supports your business goals.

Mentorship Opportunities

The DELIA Micro-Loan program also offers mentorship opportunities to women entrepreneurs. The program partners with professional organizations across Canada to mentor and support women entrepreneurs. These organizations offer expertise in digital transformation, supply chain management, tax and accounting, cybersecurity, HR management, organizational strategies, and more. The mentorship opportunities can help you improve your business operations and leadership skills.


The DELIA Micro-Loan program is an excellent option for women entrepreneurs seeking financial support to grow their businesses. With low-interest rates, flexible repayment terms, and no prepayment penalties, the DELIA Micro-Loan is designed to help entrepreneurs build their credit and get the funding they need to succeed. So, don't hesitate to explore this option and take the first step towards financial empowerment and business success.