WeMB — WeWork Loans
Get $5,000 to $25,000 to grow your Manitoba business. This is a repayable loan with a 1% admin fee deducted from proceeds and variable interest rates starting at Prime + 2%.
“WeMB offers loans for a variety of business needs in any amount between $5,000 - $150,000.”
From the official program page
Before you spend a dollar
Approval must come BEFORE spending; funds are disbursed only after approval and submission of a void cheque and insurance proof.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You are a woman who owns at least 51% of a business operating in Manitoba.
- You need funds for working capital like payroll or specific startup costs like equipment.
- You have a complete business plan and up-to-date personal and business taxes.
Probably not the right fit if
- You do not own at least 51% of the business or are not a woman.
- Your business is not operating or planning to operate in Manitoba.
- You need funds for owner draws or personal expenses rather than business growth.
How much you'd realistically get
Between $5,000 and $25,000 per loan, with a total outstanding debt cap of $150,000 with WeMB.
What may be supported
- Inventory purchases
- Employee payroll (excluding owner's draw)
- Rent payments
- Equipment purchases
- Leasehold improvements
- Marketing and advertising
- Computers and software
What's excluded or restricted
- Owner's draw (for WeWork loans).
- Loans exceeding $25,000 for this specific product tier (though total WeMB debt can go to $150,000).
- Businesses not operating or about to operate in Manitoba (unless case-by-case approval for out-of-province owners).
- Businesses not owned/controlled by a self-identifying woman (unless case-by-case approval for <51% ownership).
How applying works
Effort: moderateYou must prepare a ~10 page Micro Business Plan and financial projections, plus gather tax notices, ID, and incorporation documents.
- 01Determine eligibility and gather required documents including tax notices and ID.
- 02Submit a Micro Business Plan and financial projections for review by a WeMB Business Advisor.
- 03Complete and sign the Loan Application and Personal Statement of Affairs form.
- 04Provide current resume, government-issued photo ID, recent pay stub, Notice of Assessment, and Articles of Incorporation.
- 05Apply via the online portal or contact WeMB directly.
- 06Upon approval, provide a void cheque and proof of business insurance naming WeMB as loss payable.
Who to ask: info@wemb.ca or call 204-988-1860
Before you apply
Your lender will want to see what the money buys
A written quote for the project makes your application concrete and shows the lender exactly where the money goes. BBN Labs works with you on this: we prepare a quote for the work this program funds — scope, costs and timelines you can put straight into your application. Free, no obligation.
Get my quote for this program →Documents commonly required
- Micro Business Plan (approx. 10 pages) and financial projections
- Notice of Assessment (personal and business)
- Government-issued photo ID and current resume
- Articles of Incorporation or Business Name Registration
- Void cheque and proof of business insurance (upon approval)
How BBN Labs helps
- BBN builds your website and online store with the loan, creating a digital storefront that captures customers 24/7 and drives sales while you focus on operations.
- BBN uses the loan to set up Local SEO and Google Business Profile, designed to boost your visibility on Google Maps and attract local foot traffic to your Manitoba storefront.
- BBN launches digital marketing campaigns and review systems with the loan, turning satisfied customers into social proof and new leads that grow your revenue.
- We help you track critical WeWork Loan deadlines so you never miss a step or lose funding.
What to know before you count on it
- Interest rates are variable: Prime + 4% for WeWork startups, Prime + 3% for WeWork expansions, Prime + 3% for WeMicro startups, and Prime + 2% for WeMicro expansions.
- A 1% Loan Administration Fee (plus GST) is deducted directly from your loan proceeds upon approval, reducing the cash you receive.
- Repayment is monthly starting after approval, though interest-only payments are available for the first 6 months.
- You must have a business plan approved by a WeMB Business Advisor before the loan is finalized.
What are your odds?
Approval depends on advisor review of your business plan and financial health; it is not automatic.
Frequently asked questions
Is the money taxable?
Loan proceeds are not taxable income, but interest payments may be tax-deductible; confirm with your accountant.
Can I use this for owner's salary?
No, owner's draws are excluded from WeWork loans. WeMicro loans are for startup/expansion costs like equipment and marketing.
What if I own less than 51%?
Businesses with 50% or less female ownership are considered on a case-by-case basis.
How long is the repayment term?
Terms are up to 3 years, with monthly payments due on the 15th.
Related BBN services
Digital Menu Boards & Signage Systems
Managed menu screens with cloud updates, breakfast-to-dinner scheduling and a design service. A bare TV on the wall does none of that.
Loyalty Programs & CRM
Know your customers and bring them back: databases, loyalty mechanics, email/SMS and gift cards that fit your counter.
Online Ordering, Booking & Reservations
Ordering links that skip the big delivery-app fees, plus table reservations and appointment booking wired into your site and Google.
Local SEO & Google Business Profile
Show up when nearby customers search: accurate profiles, real local content and reviews handled honestly.
What you can combine it with
You can hold multiple WeMB loans up to a total debt of $150,000.
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Worth reading before you apply
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated ; last verified today with the official source. Source: official program page.