Black Entrepreneurship Program (Loan Fund, Ecosystem Fund)
Run by ISED
The short answer · Checked today
Loans of $10,000 to $250,000 for Black business owners and entrepreneurs across Canada, through the Black Entrepreneurship Loan Fund (run by the Federation of African Canadian Economics with BDC). The program also funds Black-led not-for-profits that support entrepreneurs.
Closes
Dates not yet checked
Apply on facecoalition.com(Opens the funder’s site)Key facts
| Who can apply | Small businesses, Non-profits and charities, Individuals, Black entrepreneurs |
|---|---|
| Pays for | Growth and equipment, Starting a business |
| Where | Canada |
| How much | $10,000 – $250,000 |
| Type | Loan |
| Intake | Dates not yet checked |
Who qualifies, in the funder’s words
Each rule is copied word for word from the funder’s page, and re-checked. If the funder changes it, we take it down until it’s checked again.
How much
Loans of $10,000 to $250,000.
“provides loans of $10,000 to $250,000 to Black business owners and entrepreneurs across the country” Source: ised-isde.canada.ca · Checked today
Other
The loan fund is run by the Federation of African Canadian Economics (FACE).
“The Loan Fund is administered by the Federation of African Canadian Economics (FACE)” Source: ised-isde.canada.ca · Checked today
Other programs for the same need, open now
Up to $250,000
Non-repayable equity contributions for Indigenous small and medium-sized businesses: up to $99,999 for individual entrepreneurs and up to $250,000 for community-owned businesses, through Indigenous Financial Institutions and Métis Capital Corporations. There is no deadline.
Non-repayable funding for not-for-profits (incorporated, operating at least three years) that run business support services for women entrepreneurs. Projects of $250,000 to $6 million, from a total of up to $80 million. Proposals are due November 9, 2026 at 11:59 pm PST; late ones aren't considered.
Guides and answers
Sources and checks
Facts on this page come from the funder’s own page, and a CanGrant editor hasn’t reviewed them yet. Check the funder’s page before you apply. ised-isde.canada.ca · Report a mistake