Afro-Entrepreneurs Fund
QC, Canada
Loans to Black Community businesses in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Manufacturing
- Retail trade
- Other services (except public administration)
grant_single|grantors
- Filaction
grant_single|status
grant_card_status|open
grant_single_labels|preview
Growing businesses within Quebec’s Black communities have access to loans ranging from $50,000 to $500,000 for projects in different areas.
grant_single_labels|projects
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
grant_single|admissibleProjectsExample
$180,000
Toronto
Launching a digital marketing agency focused on black-owned businesses
$270,000
Vancouver
Establishment of a black-owned eco-friendly cleaning products company
$180,000
Halifax
Launching a wellness center offering holistic services
$250,000
Montreal
Opening a new retail boutique for African-inspired fashion
$300,000
Ottawa
Expansion of a black-owned tech startup offering innovative software solutions
$300,000
Quebec City
Expansion of a black-owned gourmet food processing business
grant_single_labels|admissibility
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
grant_eligibility_criteria|who_can_apply
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
grant_eligibility_criteria|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
grant_single_labels|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
grant_single_labels|register
- 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.
Apply to this program
