Open
Source verified August 11, 2026
Afro-Entrepreneurs Fund
Financing for growth and business takeovers
Funding available
$ 50,000 - $ 500,000
Deadline
Open continuously
Location
Quebec, Canada
Who can apply
Applicants eligible for the Afro-Entrepreneurs Fund include business owners from black communities in Quebec who are managing a company. The fund covers a wide array of industry sectors, allowing for diverse business ventures within manufacturing, processing, retail, and service industries.
See full eligibility
Overview
Afro-Entrepreneurs Fund offers direct loans from $50,000 to $500,000 to businesses in growth or business takeover stages. It supports companies seeking financing for specific business needs mainly related to growth or business takeover projects.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Develop an online presence
- Access new markets
Eligible Funding
- Maximum amount : 500,000 $
- Minimum amount : 50,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Black Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business takeovers
Documents Needed
- Business plan
- Project financing structure, including the list of needs to be financed and anticipated sources of financing
- Completed accounting reports for the organization or company’s last 3 financial years
- Financial forecasts, including results and proforma balance sheets, prepared for the project
Official resources
Eligibility
Who is eligible?
Applicants eligible for the Afro-Entrepreneurs Fund include business owners from black communities in Quebec who are managing a company. The fund covers a wide array of industry sectors, allowing for diverse business ventures within manufacturing, processing, retail, and service industries.
Eligible expenses
- Purchase of financed goods with resale value.
Eligible geographic areas
- Quebec
How to apply
- Attach the requested documents to the loan application form.
- Check the box to agree to the privacy policy and submit your form.
Processing and Agreement
- The processing of the request begins only after consent to the privacy policy is given.
Additional information
- The form asks whether the applicant is in the 18-39 age group, identifies as female, or identifies as part of the LGBTQ+ community for statistical purposes, and the information remains confidential.
Frequently Asked Questions about the Afro-Entrepreneurs Fund Program
What is the Afro-Entrepreneurs Fund?
Afro-Entrepreneurs Fund offers direct loans from $50,000 to $500,000 to businesses in growth or business takeover stages. It supports companies seeking financing for specific business needs mainly related to growth or business takeover projects.
How much funding can be received?
Afro-Entrepreneurs Fund Funds up to $500,000 of admissible expenses.
Who is eligible for the Afro-Entrepreneurs Fund program?
To be eligible for the Afro-Entrepreneurs Fund program, you must:
The fund mainly finances businesses in the growth stage or business takeovers.
Where is the Afro-Entrepreneurs Fund available?
The Afro-Entrepreneurs Fund program is available the province of Quebec.
Is the Afro-Entrepreneurs Fund a grant, loan, or tax credit?
Afro-Entrepreneurs Fund is a Loans and Capital investments
Who are the financial supporters of the Afro-Entrepreneurs Fund?
Afro-Entrepreneurs Fund is funded by Filaction