Loan
Provincial
Active
Evol — Conventional Loan for Inclusive Entrepreneurs
Evol (formerly Femmessor)
Loan Range
$20,000–$450,000 (conventional business loan; minimum 5% down...
Rolling — no deadline
Difficulty
Moderate
Payment
Loan
Trend
Growing
First-Timers
Friendly ✓
Financing share
Varies
Evol — Conventional Loan for Inclusive Entrepreneurs provides up to $20,000–$450,000 (conventional business loan; minimum 5% down payment; maximum 8-year amortization). Quebec loan program of $20,000–$450,000 for businesses with at least one leader from an underrepresented group (women, racialized people, immigrants, LGBTQ2S+, people with disabilities, First Nations/Inuit) holding 25%+ shares in a strategic role. Applications are accepted on an ongoing basis.
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Eligibility & Details
What this program funds and who can apply
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Program Description
Quebec loan program of $20,000–$450,000 for businesses with at least one leader from an underrepresented group (women, racialized people, immigrants, LGBTQ2S+, people with disabilities, First Nations/Inuit) holding 25%+ shares in a strategic role. Includes mentoring and requires a 5% minimum down payment. Maximum 8-year amortization.
Eligibility Requirements
- Legally constituted business registered on Quebec's Enterprise Register (REQ) with head office and main activities in Quebec
- At least one owner from an underrepresented group (women, racialized people, immigrants, LGBTQ2S+ community members, people with disabilities, First Nations or Inuit community members) holding at least 25% of shares/votes in a strategic leadership position
- All leaders must be Canadian citizens, permanent residents, or holders of an eligible work permit
- Business must demonstrate intention to contribute to at least one UN Sustainable Development Goal
- Minimum 5% down payment of total project value required
- Applicable to startup, growth, acquisition, and succession projects
Provinces
Industries
Business Stage
Quick Assessment
Difficulty
Moderate
Competition
Low
First-Timer
Friendly
Funding Details
- Amount
- $20,000–$450,000 (conventional business loan; minimum 5% down payment; maximum 8-year amortization)
- Type
- Loan
- Level
- Provincial
- Deadline
- Rolling — no deadline
Program Scorecard
Competition, effort, and approval at a glance
Competition
Low
Deadline
Ongoing
Approval
Varies
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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What's in this Playbook
Everything you need to secure Evol — Conventional Loan for Inclusive Ent...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 7 rejection pitfalls reviewers flag — so you catch them first
- 7-document checklist with what each reviewer is actually checking
- 6-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 4-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what lenders look for
$19 covers this one program. $39/mo covers every program, plus the workspace that walks you through each application.
How to qualify
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipEvol's interest rate improves each year based on your sustainability commitment — meaning businesses that can demonstrate structured progress toward their chosen SDG goal get a lower rate as the loan matures.
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See what trips up most applicants for this program — and how to avoid it.
Rejection Pitfalls 7
- Business does not have at least one underrepresented-group owner holding 25%+ shares in a strategic role
+6 more pitfalls
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See the most common reasons applications get rejected — before you submit yours.
Success Profile
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See what successful applicants for this program actually look like.
Evaluation Criteria
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See exactly what lenders look for — so you know where to focus.
Don’t lose this one to a preventable rejection
7 reasons applications get rejected, what approved applicants look like, and exactly what lenders look for
Financing advisors quote $2,000–$5,000 per program. Premium covers all 850+ for $39/mo.
Application Playbook
Step-by-step process, required documents, and expenses
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6 steps
7 docs
Application Steps
1
Determine your project and loan type Identify whether you need a startup, growth, or acquisition/succession loan. Visit evol.ca or call 1-844-523-7767 to discuss fit and confirm you meet the demographic ownership criterion.
Required Documents 7
✓ Business plan or project summary
✓ 2-year projected financial statements
Eligible Expenses 6
Ineligible Expenses 4
Deadline Notes
Ineligible Organizations
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
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4 partners
Compatible Programs
Canada Small Business Financing Program (CSBFP)
Quebec Women Entrepreneurship Strategy programs (Economic Development Canada)
Futurpreneur Canada
Investissement Québec ESSOR programs
Combined Funding Potential
See your total funding potential
Clawback Risk
None Risk
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See which programs combine with this one — and how much more you could get.
How Evol — Conventional Loan for Inclusive Ent... Compares
Side-by-side with similar programs
Free
| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| Evol — Conventional Loan for Inclusiv... | $20,000–$450,000 | Moderate | Loan | Rolling — no deadline |
| Canada Small Business Financing Program | Up to $1.15 million | Easy | Mixed (Advance + Reimb.) | Ongoing |
| Futurpreneur Canada Startup Program | Up to $75,000 | Moderate | Loan | Ongoing |
| Quebec R&D Tax Credit (CRIC — Researc... | 20-30% tax credit (CRIC) | Hard | Tax Credit Offset | Ongoing |
| Investissement Québec — Project Finan... | Varies | Hard | Mixed (Advance + Reimb.) | Ongoing |
Related Programs
Other programs you might be eligible for
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Frequently Asked Questions
Quick answers to the questions founders most often ask about Evol — Conventional Loan for Inclusive Ent...
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Who qualifies as an 'underrepresented group' owner?
Women, racialized people, immigrants, LGBTQ2S+ community members, people with disabilities, and First Nations or Inuit community members. At least one owner meeting this description must hold 25%+ of shares in a strategic role.
Is this a grant or a loan?
A loan — fully repayable with interest. Evol is a mission-driven lender, not a grant program. The advantage over a bank is more flexible criteria for underrepresented entrepreneurs, plus mentoring support throughout the loan term.
What is the minimum down payment?
5% of the total project value. For a $100,000 project, you must contribute at least $5,000 in personal equity before Evol will lend.
How does the sustainability-linked interest rate work?
Your interest rate starts at a base rate plus a risk premium. Each year, on the loan's anniversary, Evol reviews your progress toward your chosen UN Sustainable Development Goal. Demonstrating structured progress can lower your rate.
Can a man apply if a woman co-owns the business?
Yes. The requirement is that at least one underrepresented-group member holds 25%+ of shares in a strategic position. The business can have multiple owners of any background.
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Full Playbook: Evol — Conventional Loan for Inclusive Ent...
6 steps · 7 docs · reviewer insights