{"id":93126,"date":"2026-03-03T13:47:14","date_gmt":"2026-03-03T20:47:14","guid":{"rendered":"https:\/\/we-bc.ca\/?p=93126"},"modified":"2026-03-03T13:47:38","modified_gmt":"2026-03-03T20:47:38","slug":"news-release-gender-lending-gap-slows-economic-growth-in-canada","status":"publish","type":"post","link":"https:\/\/blogs.we-bc.ca\/en\/news-release-gender-lending-gap-slows-economic-growth-in-canada\/","title":{"rendered":"[News Release] Gender lending gap slows economic growth in Canada"},"content":{"rendered":"\n

WeBC research links financing barriers for women entrepreneurs to $150B in lost growth
<\/em><\/strong><\/p>\n\n\n\n

For Immediate Release
WeBC
March 3, 2026<\/strong><\/p>\n\n\n\n

Vancouver, B.C<\/strong> – An estimated $150 billion in economic activity has been lost over the past eight years as Canadian women entrepreneurs face ongoing barriers to business financing. A new report explores why this gap has proven so persistent. <\/p>\n\n\n\n

A new report released by WeBC<\/a> cites that closing the entrepreneurial gender gap could grow Canada\u2019s GDP by up to six per cent, unlocking billions in new economic activity. The gap stems from systemic barriers in access to capital that limit the growth of women-led businesses.<\/p>\n\n\n\n

WeBC is a not-for-profit and development lender<\/a> that has provided business loans to women entrepreneurs in BC for 30 years.<\/p>\n\n\n\n

\u201cWe know women are building strong businesses and contributing to local economies, yet every day we speak to women who face barriers when trying to access financing from traditional lenders,\u201d said Shauna Harper, CEO of WeBC. \u201cCanada\u2019s current systems don\u2019t reflect how women build and scale companies. When these growing businesses can\u2019t access capital, Canada loses jobs, innovation, and economic development in the process.\u201d<\/p>\n\n\n\n

The findings come from Understanding Loan Experiences for Women and Non-Binary Entrepreneurs<\/a>, part of WeBC\u2019s Fostering Inclusive Economic Growth project. The project, funded by Women and Gender Equality Canada, works with financial institutions to improve lending systems and make financing more accessible for women business owners.<\/p>\n\n\n\n

The report finds that, even in 2026, financing barriers remain entrenched. Women entrepreneurs cite bias, outdated collateral and credit history requirements, and complex application processes as key obstacles to accessing funding from financial institutions.<\/p>\n\n\n\n

Many respondents say their businesses are viable and credit-worthy yet are screened out by current lending models. As a result, financial institutions are missing out on long-term clients with strong repayment histories.<\/p>\n\n\n\n

One respondent shared, \u201cI changed banks after that experience. I\u2019d rather deal with a lender who sees me as a real business, not a risk.\u201d<\/p>\n\n\n\n

WeBC\u2019s research shows that 28% of women business owners do not apply for business loans simply because they believe they will be declined, while 61% say their business models are not well-supported by existing funding models. As a result, women entrepreneurs say they\u2019re forced to delay their expansion plans, postpone hiring, or turn to higher-cost alternatives like credit cards and personal loans. The report found that this limited access to financing slows overall business growth and reduces economic impact.<\/p>\n\n\n\n

\u201cThere are practical changes financial institutions can put in place that can make a real difference, including simplifying application processes, offering smaller starter loans, recognizing alternative business indicators, and providing clearer guidance after loan decisions,\u201d said Harper.<\/p>\n\n\n\n

WeBC says it is calling on more financial institutions to review lending policies and work with development lenders to make financing more accessible and responsive to women-led businesses.<\/p>\n\n\n\n

\u201cWe\u2019ve shown this approach works,\u201d said Harper. \u201cWhen financial institutions are willing to adapt and partner with organizations like WeBC, capital reaches strong businesses. That\u2019s good for entrepreneurs and it\u2019s good for the economy.\u201d<\/p>\n\n\n\n

WeBC has partnered with financial institutions to help modernize how capital is provided to women entrepreneurs. Through the Vancity Women Entrepreneurs Program<\/a>, delivered in partnership with WeBC, more than $42.5 million has been loaned<\/a> to women entrepreneurs in the last five years. The program combines flexible financing from Vancity with wrap-around support from WeBC and demonstrates how lending can be adapted to better reflect diverse business models.<\/p>\n\n\n\n

The full report, including research findings and recommendations for lenders, policymakers and support organizations, is available at go.we-bc.ca\/InclusiveGrowthReport<\/a><\/p>\n\n\n\n

Media Contact
<\/strong>Chaunda Honkonen
Marketing and Communications Manager, WeBC
250.868.3454 ext 104
chaunda@we-bc.ca<\/p>\n\n\n\n

About WeBC
<\/strong>Since 1995, WeBC has helped women business owners start, grow, and lead enterprises that fuel innovation, create jobs, and strengthen communities. Despite women’s immense economic potential, systemic barriers still limit access to capital and resources. WeBC exists to change that. Through tailored financing, mentorship, and business support, WeBC equips women entrepreneurs to fully participate in and shape BC\u2019s economic future.<\/p>\n","protected":false},"excerpt":{"rendered":"

WeBC research links financing barriers for women entrepreneurs to $150B in lost growth For Immediate ReleaseWeBCMarch 3, 2026 Vancouver, B.C – An estimated $150 billion in economic activity has been […]<\/p>\n","protected":false},"author":1,"featured_media":93127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[423],"tags":[461,568,514,579],"location":[],"class_list":["post-93126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business-loans","tag-financing","tag-funding","tag-women-entrepreneurs"],"acf":[],"yoast_head":"\n[News Release] Gender lending gap slows economic growth in Canada - WeBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/we-bc.ca\/news-release-gender-lending-gap-slows-economic-growth-in-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[News Release] Gender lending gap slows economic growth in Canada - 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