Loan · repayable

Black Entrepreneurship Loan Fund

Federation of African Canadian Economics (FACE) · Federal (all of Canada)

OpenGeneral
Funding
Loan up to $250,000
Borrow up to $250,000 — repayable, not a payout
Deadline
Ongoing
Open, accepted on an ongoing basis (no fixed deadline).
Type
Loan · repayable
Company stage
Early Stage / Startup, SME
Limited to: Racialized / BIPOC. Only applicants in this group can apply.

Overview

Loan of up to $250,000 (including microloans in some cases) to help for-profit, Black-led startups and SMEs scale up and grow domestically and internationally. Macro loans range from $25,001 to $250,000 and micro loans from $10,000 to $25,000. Funds can cover capital investments, working capital or short-term financing.

Who can apply

  • Must self-identify as Black or be a Black-led business with majority ownership (>51%) by Black Canadians
  • for-profit startup or SME
  • must have a business plan, business registration and recent financial statements (or financial projections for start-ups)
  • legal resident of Canada
  • at least 18 years old.
Not sure if you qualify?Book a call with SeedPort to see whether Black Entrepreneurship Loan Fund fits your company and what you would need to apply.
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What it can pay for

Capital / EquipmentBusiness Expansion

Past recipients

No public list of past recipients is linked for this program yet.

Official source

Program details change. Always confirm eligibility, amounts and deadlines on the official page before you apply.

Official program page →

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Last checked by SeedPort: Oct 15, 2026. SeedPort is not affiliated with the funder. Information is summarized from public sources and may be out of date.