Open
Last Update: March 3, 2026
Funding available
$ 50,000 - $ 500,000
Timeline
- Open continuously
Location
Quebec, Canada
Overview
Growing businesses within Quebec’s Black communities have access to loans ranging from $50,000 to $500,000 for projects in different areas.
/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 $
Timeline
- Open continuously
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.
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
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
Contacts
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?
Growing businesses within Quebec’s Black communities have access to loans ranging from $50,000 to $500,000 for projects in different areas.
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 info@afro-entrepreneurs.com or by phone at 1 888 525-2075.
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