Afro-Entrepreneurs Fund
Fuel your growth with a $50,000 to $500,000 loan for Black-owned businesses in Quebec. This is repayable financing, so confirm the specific terms on the official page. Verified against the official source on July 2, 2026.
How we verify funding records →
“The Afro-Entrepreneurs Fund provides funding to small businesses in the form of a direct loan of from $50,000 to $500,000.”
Before you spend a dollar
Loans require approval before spending; confirm processing times on the official page.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You are a business owner from the Black community.
- Your business operates within Quebec.
- You work in manufacturing, processing, retail, or services.
Probably not the right fit if
- You are not from the Black community.
- Your business is located outside Quebec.
- You are seeking a grant or non-repayable funding.
How much you'd realistically get
Between $50,000 and $500,000.
What may be supported
- Business growth in manufacturing
- Business growth in processing
- Business growth in retail
- Business growth in services
How applying works
Effort: moderateYou must contact the administrator directly via email or phone to apply.
- 01Contact Fonds Afro-Entrepreneurs via email at info@afro-entrepreneurs.com or phone at 1 888 525-2075.
- 02Request the application package and eligibility criteria.
- 03Prepare your business plan and financial documents.
- 04Submit your application for review.
- 05Negotiate repayment terms if approved.
Who to ask: info@afro-entrepreneurs.com, 1 888 525-2075
Documents commonly required
- Business plan
- Financial statements
- Proof of Black community identity
- Proof of Quebec location
How BBN Labs helps
- BBN builds a professional website and online store with the loan funds, giving your retail or service business a digital storefront that captures customers 24/7.
- BBN uses the loan to optimize your Local SEO and Google Business Profile so Quebec customers find your services easily.
- BBN implements a Google review system and loyalty program with the loan capital, turning satisfied clients into repeat buyers and building social proof that drives new foot traffic.
- BBN designs modern signage and storefront visuals, coordinating with qualified partners to execute the physical work and boost your street presence.
- BBN guides you through the application and deadlines so you don't lose the funding.
What to know before you count on it
- This is a loan, not a grant, so you must repay the full amount.
- Interest rates and fees are not published; confirm on the official page.
- Repayment is typically in periodic instalments, usually monthly, but terms vary.
- Special arrangements for term and repayment frequency may be possible but are not guaranteed.
What are your odds?
Approval depends on your business plan and financial health; there is no guarantee of funding.
Frequently asked questions
Is this money taxable?
Loan proceeds are generally not taxable income, but interest payments may be tax-deductible; consult a tax professional.
What are the interest rates?
The official program page does not state the interest rate; confirm on the official page.
Can I negotiate the repayment terms?
Special arrangements may be made regarding term, repayment frequency, and amount, but this is not guaranteed.
What you can combine it with
Check if this loan can be combined with other provincial or federal programs.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated July 3, 2026; last verified July 2, 2026 against the official source. Source: official program page.