Afro-Entrepreneurs Fund

Afro-Entrepreneurs Fund

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
Grant Providers
  • Filaction
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.

Eligibility criteria

The Afro-Entrepreneurs Fund is available to businesspeople from a black community in Quebec running a company. Eligible projects cover various industry segments such as manufacturing, processing, retail, and services.

  • Must be a businessperson from a black community in Quebec
  • Project must fall within eligible industry segments

Who is eligible

Eligible companies for the Afro-Entrepreneurs Fund grant include small businesses operated by black community members in Quebec, spanning various industry sectors such as manufacturing, processing, retail, and services.

  • Small businesses in industries like manufacturing, processing, retail, and services

Eligible expenses

Yes, eligible expenses for the Afro-Entrepreneurs Fund include:

  • Business expansion costs
  • Purchase of equipment or inventory
  • Working capital needs
  • Marketing and advertising expenses

Eligible projects & activities

The Afro-Entrepreneurs Fund supports a wide range of projects for black entrepreneurs in Quebec, including businesses in manufacturing, processing, retail, and service industries.

  • Growing businesses in various sectors
  • Manufacturing projects
  • Retail and service industry ventures
  • Processing businesses

Evaluation & selection criteria

There are evaluation and selection criteria for this grant. The evaluation and selection criteria include:

  • Business viability and growth potential
  • Capacity for loan repayment
  • Alignment with the fund's mission and target community
  • Quality of the project proposal and business plan

How to apply

  • Step 1: Determine eligibility and prepare application
    • Review the eligibility criteria for the Afro-Entrepreneurs Fund grant to ensure your business qualifies.
    • Gather all necessary documents and information required for the application.
  • Step 2: Submit application
    • Complete the application form provided by the Afro-Entrepreneurs Fund.
    • Submit the application along with all required documentation.
  • Step 3: Application review and approval
    • The Afro-Entrepreneurs Fund will review your application and assess your business project.
    • If approved, you will be notified of the funding decision.
  • Step 4: Fund disbursement and agreement
    • If your application is successful, you will receive the approved funding amount.
    • You will need to sign an agreement with the fund outlining the terms and conditions of the loan.

Documents and links

Afro-Entrepreneurs Fund

Apply to this program