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Black Entrepreneurship Program — Black Entrepreneurship Loan Fund - Canada
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Black Entrepreneurship Program — Black Entrepreneurship Loan Fund

Financial help for Black entrepreneurs
Federation of African Canadian Economics (FACE)
Last Update: March 4, 2026
Funding available
$ 10,000 - $ 250,000
Timeline
  • Open continuously
Location
Canada

Overview

Get a loan of up to $250,000 (including microloans in some cases) to help your for-profit, Black-led startup business or SME scale up and grow domestically and internationally.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Renovate or expand facilities
Eligible Funding
  • Maximum amount : 250,000 $
  • Minimum amount : 10,000 $
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • All industries
Location
  • Canada
Legal structures
  • For-profit business
  • Sole proprietorship
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.

Eligibility

Who is eligible?

  • Sole Proprietorships
  • Corporations (Ltd, Inc)
  • Partnerships (limited and general)
  • Social enterprises
  • For-profit cooperatives

Who is not eligible

  • Non-profit organizations.
  • Businesses with less than 51% Black ownership.

Eligible expenses

  • Capital investments - equipment, leasehold improvements, property enhancement, office equipment.
  • Working capital - inventory, salaries, account management, rent, overhead costs.
  • Financing short-term receivables (e.g., contract maintenance financing).

Eligible geographic areas

  • Canada
  • Ontario (for microloans through Alterna Savings)
  • British Columbia (for microloans through Vancity)

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

Here are answers to the most common questions about the Black Entrepreneurship Program — Black Entrepreneurship Loan 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 Black Entrepreneurship Program — Black Entrepreneurship Loan Fund?

Get a loan of up to $250,000 (including microloans in some cases) to help your for-profit, Black-led startup business or SME scale up and grow domestically and internationally.

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

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