BBN Labs — Better Business Network

Afro-Entrepreneurs Fund

Availability variesLoanChecked

Borrow from $50,000 to $500,000 to grow a Black-owned business in Quebec. This is a loan you repay.

Know a business owner this could help?
“The Afro-Entrepreneurs Fund provides funding to small businesses in the form of a direct loan of from $50,000 to $500,000.”

From the official program page

At a glance

Maximum support$50,000 to $500,000
Issued byFilaction
Administered byFonds Afro-Entrepreneurs
RegionQuebec

Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.

Check if this program applies to you

Takes 2 minutes. You see the programs that may match your business. No account. No cost.

Take the 2-minute check →

Is this for you?

  • You are a business owner from the Black community.
  • Your business operates within Quebec.
  • You work in manufacturing, processing, retail, or services.

Probably not the right fit if

  • You are not from the Black community.
  • Your business is located outside Quebec.
  • You are seeking a grant or non-repayable funding.

How much you'd realistically get

Between $50,000 and $500,000.

What may be supported

  • Growing a business in manufacturing, processing, retail, or services

How applying works

Effort: moderateYou must contact the administrator directly via email or phone to apply.

  1. 01Contact Fonds Afro-Entrepreneurs via email at info@afro-entrepreneurs.com or phone at 1 888 525-2075.
  2. 02Request the application package and eligibility criteria.
  3. 03Prepare your business plan and financial documents.
  4. 04Submit your application for review.
  5. 05Negotiate repayment terms if approved.

Who to ask: info@afro-entrepreneurs.com, 1 888 525-2075

Documents commonly required

  • Business plan
  • Financial statements
  • Proof of Black community identity
  • Proof of Quebec location

What to know before you count on it

  • This is a loan, not a grant, so you must repay the full amount.
  • The official page does not list interest rates or fees. Ask the fund before you apply.
  • Repayment is typically in periodic instalments, usually monthly, but terms vary.
  • Special arrangements for term and repayment frequency may be possible but are not guaranteed.

What are your odds?

Approval depends on your business plan and financial health, and it is not automatic.

Frequently asked questions

Is this money taxable?

Loan proceeds are generally not taxable income, but interest payments may be tax-deductible; consult a tax professional.

What are the interest rates?

The official page does not list the interest rate. Ask the fund before you apply.

Can I negotiate the repayment terms?

Special arrangements may be made regarding term, repayment frequency, and amount, but this is not guaranteed.

What you can combine it with

Check if this loan can be combined with other provincial or federal programs.

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.

By subscribing you agree to receive program alerts from BBN Labs Inc. by email. Unsubscribe anytime with one click. It takes effect right away.

Page last updated ; status and deadline checked . Source: official program page.