Evol — Conventional loan
Fuel your impact or eco-friendly business with $20,000 to $450,000 in growth capital. This is a repayable loan that requires upfront application fees and an annual management fee on top of interest. Verified against the official source on July 3, 2026.
How we verify funding records →
Before you spend a dollar
Confirm on the official page whether you must receive approval before spending any money on the project.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
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Check your fit →Is this for you?
- You run an impact enterprise or eco-friendly business dedicated to sustainable practices.
- You need funds for growth or succession and can contribute at least 5% of the project value yourself.
- You have three years of financial history and forecasts ready for a formal loan application.
Probably not the right fit if
- You are not an impact or eco-friendly business aligned with the UN Sustainable Development Goals.
- You cannot afford the non-refundable application fees or the annual management fee added to your interest costs.
- You need immediate cash without a formal approval process or lack three years of financial reports.
How much you'd realistically get
Loans range from $20,000 to $450,000 depending on your project size and eligibility.
What may be supported
- Acquisition of tangible and intangible assets
- Working capital for business operations
- Development and marketing of new products and services
- Share purchases or buybacks
- Business growth, acquisition, or succession projects
How applying works
Effort: involvedYou must prepare a business plan or project summary, two-year financial forecasts, and three years of financial reports.
- 01Verify your business qualifies as an impact enterprise or eco-friendly business contributing to UN Sustainable Development Goals.
- 02Prepare your business plan or project summary and two-year financial forecasts.
- 03Gather financial reports for the past 3 years and the most recent interim financial statements.
- 04If applying for an acquisition, prepare a signed letter of offer and/or tax memo.
- 05Submit your application to evol via phone or their website.
Who to ask: 1 844 523-7767; https://www.evol.ca/en/contact-us/
Documents commonly required
- Business plan and/or project summary
- Two-year financial forecasts
- Financial reports for the past 3 years (when possible)
- Most recent interim financial statements
- Signed letter of offer and/or tax memo (for acquisitions)
How BBN Labs helps
- BBN builds your business website and online store with the loan funds, giving you a professional digital storefront that captures customers 24/7 and drives sales beyond your physical location.
- BBN designs your new product marketing assets and digital ads using the financing, helping you launch services that attract more buyers and expand your market reach.
- BBN sets up your POS and automation workflows with the capital, streamlining daily operations so your team handles more orders with less stress and fewer errors.
- BBN guides you through the application process and deadlines so you don't lose the funding.
What to know before you count on it
- You pay non-refundable application fees ranging from $350 to $650 based on the loan amount requested.
- You pay an annual management fee of 0.40% of the loan balance (minimum $200, maximum $2,700) on top of interest.
- Interest is calculated as the base rate plus a risk premium, so your total cost depends on your credit profile.
- You must contribute at least 5% of the project value as capital outlay.
What are your odds?
Approval depends on your business being an impact or eco-friendly enterprise and meeting strict financial documentation requirements.
Frequently asked questions
Do I have to pay the application fee if I am not approved?
The official program page states application fees are $350 to $650. Confirm on the official page if these fees are refundable upon rejection.
Can I use this loan for working capital?
Yes, working capital related to business operations after the loan is granted is eligible.
Is there a grace period for payments?
Yes, there is a possibility of a moratorium when the loan is granted or during its term, including for parental leave. Confirm specific terms on the official page.
What you can combine it with
Confirm on the official page if this loan can be combined with other grants or loans.
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 July 3, 2026; last verified July 3, 2026 against the official source. Source: official program page.