Black Entrepreneurship Loan Fund - Macro Loan Program
Administrator: Federation of African Canadian Economics (FACE) / Business Development Bank of Canada (BDC)
Source of Funds: Federal Government, Canada
No DeadlineAbout
This program provides loans to Black entrepreneurs and Black-owned businesses across Canada to support business growth, expansion, and long-term sustainability. The program offers financing from $10,000 to $250,000 with flexible repayment options, including potential interest-only periods and principal payment deferrals. Applicants must provide business documentation, financial statements, projections, tax returns, and a business plan to demonstrate business viability.
All Of Canada | Loans and Repayable Contributions | Government Loan with Interest (Government loan)
Funding Limits
Eligible Expenditures
- Min $10,000
- Max $250,000
- Max 5 Years of Financial Assistance
- Government Loan
- Account Receivable
- Cash Flow
- Equipment
- Inventory
- Labor
- Long Term Assets
- Short Term Assets
- Application Fee: None
Contact Information
Guidelines and Forms
Keywords: Entrepreneurship, Startups, Black, Financing, Minority
Last Modified: July 30, 2026