Black Entrepreneurship Program (Loan Fund, Ecosystem Fund, Knowledge Hub)
Innovation, Science and Economic Development Canada; Federation of African Canadian Economics (FACE) with Business Development Bank of Canada; regional development agencies
Up to $250K
loans of $10,000 to $250,000; program extended with an investment of $189 million
Supports Black entrepreneurs with loans of up to $250,000 through the Black Entrepreneurship Loan Fund, and funds Black-led business organizations through the Ecosystem Fund and a Knowledge Hub.
Open the official page ↗How to apply
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Who qualifies
Loan Fund: Black business owners and entrepreneurs across Canada, applying through FACE. Ecosystem Fund: not-for-profit Black-led business organizations. Detailed ownership and residency criteria were not on the page read.
Good to know
- Funding: Search summaries cite FACE loans up to $100,000 with BDC risk-sharing above that; not confirmed on the page fetched.
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” source ↗
- amount“the program was extended with an investment of $189 million” source ↗
- status“the black entrepreneurship program (bep) helps black business owners and entrepreneurs start, grow and scale their businesses” source ↗
Verified 2026-10-29 · High confidence. Always confirm on the official page before applying.