The Black Entrepreneurship Loan Fund (BELF), through a partnership between the Government of Canada, Black-led business organizations, and financial institutions, will provide $291.3 million to support the success of Black entrepreneurs and business owners.
BELF will provide loans of up to $250,000 to Black business owners and entrepreneurs across Canada, with a goal of laying a foundation for future success and long-term change. A micro-loan pilot project will offer loans of $10,000 to $25,000 to Black entrepreneurs in Ontario and British Columbia.
For more information on the Black Entrepreneurship Program, including BELF, please visit the F.A.C.E website.