Black Entrepreneurship Loan Fund is partnership between the Government of Canada, Black-led business organizations, the Business Development Bank of Canada and Other financial institutions. This program is to provide loan up to $250,000 to Black Business Owners and Entrepreneurs across the country. The Government is using FACE to accept applications.
To Eligibility for Black Entrepreneur Loan Program, an applicant must:
- be minimum of 18 years old
- be a legal resident of Canada
- self-identified as Black or Black-led (majority ownership > 51% by Black Canadians)
Base/Initial Fee: $1500.00
Fees ranges between ($1200.00 to $1500.00)
Fees ranges between ($1200.00 to $1500.00)
Form# 2. Face Application Details
Form# 3. FACE Personal Networth