OngoingFederalLoans
Black Entrepreneurship Loan Fund
ISED, administered by the Federation of African Canadian Economics (FACE) with BDC
Up to $250K
loans of $10,000 to $250,000
Loans of up to $250,000 for Black business owners and entrepreneurs across Canada. The Black Entrepreneurship Program was extended with $189 million over five years.
Open the official page ↗23
Long shotHow to apply
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Who qualifies
Black business owners and entrepreneurs (ownership criteria per FACE; majority Black-owned per search results, not confirmed on the page).
Small business
Good to know
- Funding: Loans above $100,000 reportedly risk-shared with BDC (search results only).
Evidence from the official page
- amount“the black entrepreneurship loan fund provides loans of $10,000 to $250,000 to black business owners and entrepreneurs across the country to grow and maintain their businesses.” source ↗
Verified 2026-10-29 · Medium confidence. Always confirm on the official page before applying.