Black Entrepreneurship Program – Black Entrepreneurship Loan Fund
Federation of African Canadian Economics (FACE)
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.
At a glance
| Categories | loan |
|---|---|
| Funding | $250,000 |
| Status | Accepting applications |
| Region | ALL |
| Sectors | general |
Eligibility and requirements
Money Macro loans: $25,001 to $250,000 Micro loans: $10,000 to $25,000 Repayable You Self-identify as Black or a Black-led business Majority ownership of >51% by Black Canadians Have a business plan, business registration and recent financial statements or financial projections for start-ups Are a legal resident of Canada Are at least 18 years old Use this to Cover capital investments, working capital or short-term financing
How Mona Studio helps business owners use this program
Black Entrepreneurship Program – Black Entrepreneurship Loan Fund is one of many Canadian funding options listed in our grant finder. Mona Studio helps general teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.
Similar funding opportunities
- Aboriginal Entrepreneurship Program — Access to Capital — National Aboriginal Capital Corporation Association (NACCA)
- Advance Payments Program (Agriculture) — Government of Canada, Agriculture and Agri-Food Canada
- Agribusiness Financing — Government of Canada, Farm Credit Canada
- Baffin Business Development — Financial Assistance — Baffin Business Development Corporation
- BDC Capital — Growth Equity Partner — Government of Canada, Business Development Bank of Canada