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Afro-Entrepreneurs Fund - QC - Canada

Afro-Entrepreneurs Fund

Last Update: July 22, 2025
QC, Canada
Loans to Black Community businesses in Quebec

At a glance

Eligible Funding
  • From $50,000 to $500,000
Timeline
  • Open Date : November 14, 2019
Financing Type
Loans and Capital investments
Eligible Industries
  • All industries
Funds Providers
Unspecified
Program status
Open

Overview

Growing businesses within Quebec’s Black communities have access to loans ranging from $50,000 to $500,000 for projects in different areas.

Financing terms and conditions

  • Direct loans available from $50,000 to $500,000 per project.

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.
Examples of admissible projects:
$ 270,000
Establishment of a black-owned eco-friendly cleaning products company
$ 180,000
Launching a digital marketing agency focused on black-owned businesses
$ 180,000
Launching a wellness center offering holistic services
$ 250,000
Opening a new retail boutique for African-inspired fashion
$ 300,000
Expansion of a black-owned tech startup offering innovative software solutions
$ 300,000
Expansion of a black-owned gourmet food processing business

Eligibility

Eligibility for the Afro-Entrepreneurs Fund is based on specific criteria related to the applicant's community and business operations.
  • The applicant must be a businessperson from a black community in Quebec.
  • The applicant must operate a company within Quebec.
  • The business must be a small business seeking a direct loan between $50,000 and $500,000.
  • The project must fall within the manufacturing, processing, retail, or service industries, as all industry segments are covered.

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

1

Preliminary preparation

  • Identify your company's financing needs.
  • Check your company’s eligibility as a Black entrepreneur from Quebec.
2

Consultation of criteria and requirements

  • Consult the obligations regarding the potential guarantees required by the Fund.
  • Understand the reimbursement process and possible adjustments.
3

Preparation of the documentation

  • Draft a business plan including growth or business succession projects.
  • Prepare the company's financial statements.
4

Contact the Afro-Entrepreneurs Fund

  • Obtain the required forms for the loan application.
  • Clarify any questions about the application process.
5

Submission of documents

  • Send the completed application and all required documents to the address or contact indicated by the Fund.
  • Follow up with the Fund to confirm the receipt of your application.

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.

Documents and links

Afro-Entrepreneurs Fund

Contacts

info@afro-entrepreneurs.com
1 888 525-2075
Apply to this program

Frequently Asked Questions about the Afro-Entrepreneurs Fund Program

Here are answers to the most common questions about the Afro-Entrepreneurs Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Afro-Entrepreneurs Fund?

How much funding can be received?

What is the deadline to apply?

Is the Afro-Entrepreneurs Fund a grant, loan, or tax credit?

Who are the financial supporters of the Afro-Entrepreneurs Fund?

Who is eligible for the Afro-Entrepreneurs Fund program?

Who can I contact for more information about the Afro-Entrepreneurs Fund?

Where is the Afro-Entrepreneurs Fund available?

Are Black Canadians eligible for the Afro-Entrepreneurs Fund program?

Apply to this program

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