Black Entrepreneurship Program – Black Entrepreneurship Loan Fund
Fuel your growth with a repayable loan up to $250,000 for Black business owners across Canada. Note that the micro-loan pilot (under $25,000) concluded March 31, 2025 and has not been extended. Verified against the official source on July 3, 2026.
How we verify funding records →
Before you spend a dollar
Approval must come before disbursement; the process includes credit review, adjudication, and administrative checks, so plan for lead time.
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 Black business owner operating anywhere in Canada.
- You need financing between $25,000 and $250,000 to drive general business development or growth.
- You are ready to submit a full business plan, financial statements, projections, and tax returns for credit review.
Probably not the right fit if
- You are seeking a micro loan under $25,000, as that pilot concluded on March 31, 2025, and has not been extended.
- You need funds immediately for past expenses, as approval must precede disbursement and the process involves multiple review stages.
- You are not a Black business owner, as this program is exclusively for Black entrepreneurs.
How much you'd realistically get
Macro loans range from $25,000 to $250,000; micro loans are currently unavailable.
What may be supported
- Business development financing
- General business growth
What's excluded or restricted
- Micro loans are currently unavailable as the pilot program concluded on March 31, 2025, and has not been extended.
How applying works
Effort: involvedYou must register on the FACE platform and submit a comprehensive package including business plans, financials, and tax returns for review by the FACE Support Centre, Lending team, Loans Committee, and Financial Institution partners.
- 01Register on the FACE Coalition platform.
- 02Submit a completed application with required documents: business plan, financial statements, projections, tax returns, personal statement of affairs, ID, and business registration.
- 03FACE Support Centre reviews your application for completeness.
- 04The Lending team conducts a credit review.
- 05The Loans Committee or Credit Risk Management adjudicates the application.
- 06A Financial Institution partner performs administrative and background checks.
- 07If approved, you receive an offer, accept it, and the loan is disbursed.
Who to ask: https://facecoalition.com/en/contact
Documents commonly required
- Business plan
- Financial statements
- Financial projections
- Tax returns
- Personal statement of affairs
- ID
- Business registration
How BBN Labs helps
- BBN builds your professional website and online store with the loan funds, giving your business a polished digital storefront that attracts new customers and builds instant credibility.
- BBN sets up your Local SEO and Google Business Profile so customers actively looking for your services can find you in local searches, bringing more foot traffic and calls.
- BBN implements a Google review system and loyalty program using the financing, turning satisfied clients into repeat buyers and generating the social proof that wins new business.
- BBN guides you through the application and deadlines so you don't lose the funding.
What to know before you count on it
- Interest rates and repayment terms are not stated in the source; confirm these details on the official page.
- The application requires extensive documentation including a business plan, financial statements, projections, tax returns, personal statement of affairs, ID, and business registration.
- Micro loans are closed for new applications as the pilot ended in March 2025.
- No application fee is stated, but confirm on the official page if any costs apply.
What are your odds?
Approval depends on credit review and adjudication by the Loans Committee or Credit Risk Management; there is no guarantee of funding.
Frequently asked questions
Are micro loans available?
No, the micro loan pilot concluded on March 31, 2025, and has not been extended. Only macro loans ($25,000 to $250,000) are open.
What is the interest rate?
The interest rate is not stated in the source; confirm on the official page.
How long does the application take?
The process involves registration, submission, completeness review, credit review, adjudication, and administrative checks. Timing varies; confirm on the official page.
Is there an application fee?
No application fee is stated; confirm on the official page.
What you can combine it with
This is a loan under the Black Entrepreneurship Program; check if other grants or loans can be combined with this debt financing.
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 3, 2026 against the official source. Source: official program page.