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Black Entrepreneurship Loan Fund (BELF) is sponsored by Innovation, Science and Economic Development Canada (ISED). Black Entrepreneurship Loan Fund (BELF) is a grant from Innovation, Science and Economic Development Canada (ISED) that provides loans of up to $250,000 to Black business owners and entrepreneurs across Canada to start, grow, and maintain their businesses.
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Black Entrepreneurship Program Black Entrepreneurship Program The Black Entrepreneurship Program (BEP) is an initiative developed with the Black business community to help address systemic barriers faced by Black business owners and entrepreneurs.
Through its three components, BEP provides targeted support to Black business owners and entrepreneurs to help improve access to capital and business support services (such as training, advisory services, mentoring and networking) and seeks to improve the quality and availability of data on Black entrepreneurship in Canada.
BEP was extended with an investment of $189 million over five years, as laid out in the 2024 Fall Economic Statement. Components of the program Black Entrepreneurship Loan Fund The Black Entrepreneurship Loan Fund provides loans of up to $250,000 to Black business owners and entrepreneurs across the country to start, grow and maintain their businesses.
The Loan Fund is administered by the Federation of African Canadian Economics (FACE), in partnership with the Business Development Bank of Canada.
Frequently asked questions Delivered by the regional development agencies, the Ecosystem Fund supports not-for-profit Black led business organizations across the country in their capacity to provide support services such as mentorship, financial planning and business training for Black entrepreneurs.
Black Entrepreneurship Knowledge Hub The Black Entrepreneurship Knowledge Hub conducts research on Black entrepreneurship in Canada to help identify barriers to success and opportunities for growth for Black business owners and entrepreneurs. The Knowledge Hub is led by Carleton University's Sprott School of Business and the Dream Legacy Foundation.
Canadians who would like to provide feedback or find out more information about the Black Entrepreneurship Program, please contact bep-pecn@ised-isde. gc. ca .
Minister Valdez announces $189 million investment to help Black entrepreneurs start up, scale up, and build Canada’s economy Minister Ng announces the launch of the Black Entrepreneurship Loan Fund Prime Minister announces support for Black entrepreneurs and business owners Combatting systemic racism and discrimination in Canada: Canada's Anti-Racism Strategy 2024–2028 Support for Community Organizations Helping Canadians Canada's Black Justice Strategy Consultation summary report: What we heard
Based on current listing details, eligibility includes: Black business owners and entrepreneurs in Canada. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to $250,000 per loan Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.