Open
Source verified July 10, 2026
Afro-Entrepreneurs Fund
Flexible financing for growing businesses and 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
The Afro-Entrepreneurs Fund provides direct loans from $50,000 to $500,000 to support business growth and takeovers. It covers projects across sectors, including manufacturing/processing, retail/wholesale, and services, and the financing can be used for specific business needs.
/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
The Afro-Entrepreneurs Fund supports small businesses operated by Black entrepreneurs in Quebec, spanning various industry segments. Eligible projects include those within manufacturing, processing, retail, and service industries.
- Projects within the manufacturing industry.
- Projects within the processing industry.
- Projects within the retail industry.
- Projects within the service industry.
Documents Needed
- Your business plan
- The project's financing structure, i.e. the list of needs to be financed and the list of anticipated sources of financing
- Completed accounting reports for the organization or company's last 3 financial years
- Financial forecasts (results and proforma balance sheets) prepared for the project being applied for
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
- Complete the Loan Request Form with the required information.
- Attach the required documents to the form.
- Check the box to agree to the privacy policy and submit your form.
Processing and Agreement
- The processing of your request will only begin subject to this consent.
Additional information
- Loan recipients are required to provide regular financial updates to the fund.
- Special arrangements can be negotiated regarding the frequency and amount of loan repayments.
- Guarantees may be required based on the level of risk and the resale value of funded assets.
- Repayment is typically structured in monthly instalments.
Contacts
Frequently Asked Questions about the Afro-Entrepreneurs Fund Program
What is the Afro-Entrepreneurs Fund?
The Afro-Entrepreneurs Fund provides direct loans from $50,000 to $500,000 to support business growth and takeovers. It covers projects across sectors, including manufacturing/processing, retail/wholesale, and services, and the financing can be used for specific business needs.
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 applicant must be a businessperson from a black community in Quebec.
The applicant must run a company in any of the covered industry segments such as manufacturing, processing, retail, or service.
What expenses are eligible under Afro-Entrepreneurs Fund?
The Afro-Entrepreneurs Fund supports small businesses operated by Black entrepreneurs in Quebec, spanning various industry segments. Eligible projects include those within manufacturing, processing, retail, and service industries. Projects within the manufacturing industry.
Projects within the processing industry.
Projects within the retail industry.
Projects within the service industry.
Who can I contact for more information about the Afro-Entrepreneurs Fund?
You can contact Filaction by email at none or by phone at none.
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