Afro-Entrepreneurs Fund
At a glance
- From 50,000$ to 500,000$
- Open Date : November 14, 2019
- All industries
- Filaction
Overview
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.