The Black Entrepreneurship Loan Fund Providing Access To $250K For Black-Owned Canadian Business Owners

The federal government is opening the doors to a loan program that will provide financing to Black-owned businesses that often face a steep hill to access capital.

The Liberal government seeded the loan fund with $33.3 million, while the remainder of the $291.3 million program comes from a $130-million infusion from Business Development Bank of Canada, a Crown corporation, and $128 million split between the country’s biggest banks and two credit unions.

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