Open
Source verified July 8, 2026
Black Entrepreneurship Program — Black Entrepreneurship Loan Fund
Financial help for Black entrepreneurs
Funding available
$ 10,000 - $ 250,000
Deadline
Open continuously
Location
Canada
Overview
The Black Entrepreneurship Loan Fund offers loans from $10,000 to $250,000 to support Black entrepreneurs and business owners across Canada with access to capital for business growth. Financing can support capital investments, working capital, and short-term receivables financing.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Start a business
- Renovate or expand facilities
Eligible Funding
- Maximum amount : 250,000 $
- Minimum amount : 10,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- Sole proprietorship
- 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
- Investment in capital such as equipment, leasehold improvements, property enhancement, and office equipment.
- Working capital covering inventory, salaries, account management, and rent.
- Funding short-term receivables, such as maintenance of contract financing.
Documents Needed
- Detailed business plan
- Up-to-date historical financial statements
- Two- to three-year financial projections
- Up-to-date business and owner tax returns with Notices of Assessment
- Personal Statement of Affairs
- Government-issued photo ID
- Business certificate of incorporation or registration
Official resources
Eligibility
Who is eligible?
- Sole proprietorships
- Corporations
- Partnerships
- Social enterprises
- For-profit cooperatives
Who is not eligible
- Non-profit organizations.
- Businesses with less than 51% Black ownership.
Eligible expenses
- Capital investments such as equipment, leasehold improvements, property improvements, and office equipment.
- Working capital, including inventory, salaries, account management, rent, and overhead.
- Short-term receivables financing, including contract maintenance financing.
Ineligible Costs and Activities
- Applications from non-profit organizations.
- Businesses with less than 51% Black ownership.
Selection criteria
The evaluation and selection of projects for this loan program take place in several stages to ensure the viability and potential success of Black-owned businesses in Canada.
- Verification of the completeness of the application by the FACE support center.
- Review of the financial and administrative documents provided.
- Credit analysis conducted by the lending team.
- Judgment by the loan committee or credit risk management regarding the loan application.
- Administrative and background checks by the partner financial institution.
How to apply
- Step 1: Register on the FACE platform.
- Create an account on the FACE platform.
- Step 2: Submit your application
- Complete the loan application and upload the required documents.
- Step 3: Wait for review
- FACE Support Centre reviews the application for completeness.
- The lending team completes a credit review.
- The Loans Committee or Credit Risk Management adjudicates the request.
- Step 4: Final checks and disbursement
- The financial institution partner completes administrative and background checks.
- An offer is issued, accepted, and the loan is disbursed.
Processing and Agreement
- Applications are first reviewed for completeness by FACE Support Centre.
- The lending team then performs a credit review.
- The loan request is adjudicated by the Loans Committee or Credit Risk Management.
- The financial institution partner completes administrative and background checks.
- An offer is issued and must be accepted before disbursement.
Additional information
- Application review includes a credit assessment conducted by lending professionals.
- Approved microloans may be fulfilled through local credit unions, depending on province.
- An administrative fee applies for microloans, deducted from the loan amount after approval.
- Both start-ups and existing businesses must submit two to three-year financial projections.
Frequently Asked Questions about the Black Entrepreneurship Program — Black Entrepreneurship Loan Fund Program
What is the Black Entrepreneurship Program — Black Entrepreneurship Loan Fund?
The Black Entrepreneurship Loan Fund offers loans from $10,000 to $250,000 to support Black entrepreneurs and business owners across Canada with access to capital for business growth. Financing can support capital investments, working capital, and short-term receivables financing.
How much funding can be received?
Black Entrepreneurship Program — Black Entrepreneurship Loan Fund Funds up to $250,000 of admissible expenses.
Who is eligible for the Black Entrepreneurship Program — Black Entrepreneurship Loan Fund program?
To be eligible for the Black Entrepreneurship Program — Black Entrepreneurship Loan Fund program, you must:
The applicant must be a Black business owner or entrepreneur.
Businesses must provide two to three-year financial projections.
Applicants must submit the required documentation, including a detailed business plan and up-to-date financial statements.
What expenses are eligible under Black Entrepreneurship Program — Black Entrepreneurship Loan Fund?
Investment in capital such as equipment, leasehold improvements, property enhancement, and office equipment.
Working capital covering inventory, salaries, account management, and rent.
Funding short-term receivables, such as maintenance of contract financing.
Who can I contact for more information about the Black Entrepreneurship Program — Black Entrepreneurship Loan Fund?
You can contact Federation of African Canadian Economics (FACE).
Where is the Black Entrepreneurship Program — Black Entrepreneurship Loan Fund available?
The Black Entrepreneurship Program — Black Entrepreneurship Loan Fund program is available across Canada.
Is the Black Entrepreneurship Program — Black Entrepreneurship Loan Fund a grant, loan, or tax credit?
Black Entrepreneurship Program — Black Entrepreneurship Loan Fund is a Loans and Capital investments