Black entrepreneurs and business owners across Canada can now apply for the Black Entrepreneurship Program's Loan Fund. The Loan Fund is a $291.3 million investment co-developed by our government with the Federation of African Canadian Economics (FACE), Black business organizations and financial institutions to ensure that it addresses the unique needs of Black business communities. The Loan Fund delivers loans of up to $250,000 through FACE.
This is an important step in the right direction for long-term change to help remove systemic barriers facing Black entrepreneurs, and is a key component in our whole-of-government approach to fighting anti-Black racism in Canada. Find more information on the Black Entrepreneurship Program, including how to apply for the Loan Fund:
