Resources for Black Entrepreneurs

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The BEE-SEO Youth Entrepreneurship Program is an annual initiative designed to empower Black youth (between the ages of 14 years to 30 years old) in South Eastern Ontario (from Trenton to Cornwall). It aims to provide the knowledge, experience, mentorship, and network needed to launch and sustain entrepreneurial ventures.

This program offers a grant ranging from $2,500 to $5,000 to offset the costs of obtaining professional business services.

Apply for a loan of up to $250,000 with the RBC Black Entrepreneur Business Loan, available to eligible Black Entrepreneurs in Canada.

In collaboration with Futurpreneur, RBC is providing funding to offer financial solutions and mentorship to help young Black entrepreneurs aged 18-39 advance their businesses with the Black Entrepreneur Startup Program.

BMO’s program provides loans of up to $250,000 using specialized lending criteria. To bring business within reach for Black entrepreneurs, BMO is committed to championing the growth of Black-owned businesses. Learn more about BMO’s comprehensive programs, partnerships and educational resources designed to help you thrive.

Businesses that have minimum black ownership of 50% or more and annual sales up to $15,000,000 will be eligible to apply for loans under the Black-Led Business Financing Program.

Apply for up to $250,000 in financing with CIBC to help start, grow or take your business to the next level. Access expert advice and read inspiring stories from business owners like you.

The Black Innovation Connections program is a 3-month, track-based coaching program that puts high-potential Black founders on the fast track to success and prepares them for the DMZ Incubator. Much like the Incubator, this program is customized to meet each founder’s unique needs. Connections also provides founders with an added layer of support to address the additional business barriers that Black-owned companies often face, including a $5,000 business grant upon acceptance into the program.

To be the catalyst for Black generational wealth creation, the Federation of African Canadian Economics (FACE) has launched its Black Entrepreneurship Loan Fund among other services for all Canadians of African descent to see a better tomorrow.