Black Excellence $400M+ Dedicated Funding

Black Entrepreneur
Grants Canada 2026

Access exclusive funding programs designed specifically for Black entrepreneurs and Black-owned businesses across Canada. From federal initiatives to private foundations, discover programs that support your journey to success.

$400M+ Dedicated Funding
15+ Dedicated Programs
$250K Max Per Business
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Featured: Black Entrepreneurship Program

Canada's flagship federal initiative supporting Black business owners with financing, mentorship, and ecosystem support.

Up to $250,000
1
Black Entrepreneurship Loan Fund

Loans up to $250,000 through partner financial institutions

2
National Ecosystem Fund

Support for Black-led business organizations

3
Black Entrepreneurship Knowledge Hub

Research and data collection for policy development

4
Mentorship & Support

Business development resources and networking

Learn More About BEP

All Black Entrepreneur Funding Programs

Comprehensive list of grants, loans, and support programs available to Black business owners in Canada

Federal

Black Entrepreneurship Program

Innovation, Science and Economic Development Canada

Up to $250,000

Provides financing and support to Black entrepreneurs and business owners to start and scale their businesses. Includes loans, mentorship, and ecosystem support through the National Ecosystem Fund.

All Industries Startup & Growth Ongoing
Learn More & Apply
Private

Futurpreneur Black Entrepreneur Startup Program

Futurpreneur Canada

Up to $60,000

Provides financing, mentoring, and culturally relevant support specifically for Black entrepreneurs aged 18-39. Includes up to $60,000 in financing plus dedicated mentorship from experienced Black business professionals.

Ages 18-39 Startup Stage Mentorship
Learn More & Apply
Federal

BDC Black Entrepreneur Loan

Business Development Bank of Canada

Up to $150,000

Flexible financing designed specifically for Black entrepreneurs looking to start, grow, or expand their business. Features competitive rates, flexible terms, and no collateral required for smaller amounts.

All Industries Flexible Terms All Stages
Learn More & Apply
Non-Profit

FACE Loans & Support

Federation of African Canadian Economics

Up to $250,000

As a delivery partner for the Black Entrepreneurship Loan Fund, FACE provides loans to Black entrepreneurs across Canada along with business support services, mentorship, and networking opportunities.

All Canada Mentorship Networking
Learn More & Apply
Non-Profit

BBPA Business Support Programs

Black Business and Professional Association

Various Programs

Offers various business support programs, workshops, pitch competitions, and networking opportunities specifically for Black entrepreneurs in Canada. Includes the Harry Jerome Awards celebrating Black excellence.

Ontario Focus Networking Training
Learn More & Apply
Non-Profit

ACE Microloan Program

African Canadian Entrepreneur (ACE)

Up to $10,000

Provides microloans to African Canadian entrepreneurs who may not qualify for traditional bank financing. Includes business coaching, financial literacy training, and ongoing support.

Microloans Coaching Early Stage
Learn More & Apply
Regional

Black Innovation Zone Programs

Black Innovation Zone (Toronto)

Various Programs

Toronto-based accelerator offering programs, workspace, and funding opportunities for Black tech entrepreneurs. Features pitch competitions, accelerator programs, and investor connections.

Toronto Tech Focus Accelerator
Learn More & Apply
Federal

Canada Small Business Financing Program

Innovation, Science and Economic Development Canada

Up to $1 million

While not exclusive to Black entrepreneurs, this federal program helps small businesses access loans through financial institutions. Black-owned businesses can combine this with other targeted programs for maximum benefit.

All Industries Bank Loans Equipment & Property
Learn More & Apply
Federal

Community Futures Black Entrepreneur Fund

Community Futures Network

Up to $150,000

Community Futures organizations across Canada provide loans and business support services, with several locations having dedicated programs for Black entrepreneurs including specialized mentorship and networking.

Regional Rural Focus Mentorship
Learn More & Apply
Private

TD Ready Commitment - Black Entrepreneurs

TD Bank

$10M+ Allocated

TD Bank has committed over $10 million to support Black entrepreneurs through various initiatives including partnerships with Black business organizations, mentorship programs, and preferential business banking terms.

Banking Mentorship All Canada
Learn More & Apply
Private

RBC Black Entrepreneur Programs

Royal Bank of Canada

Various Programs

RBC offers various support programs for Black entrepreneurs including preferential business banking, mentorship partnerships, and funding for Black business organizations across Canada.

Banking Partnerships Mentorship
Learn More & Apply
Private

Scotiabank Black Entrepreneurship Program

Scotiabank

Banking + Support

Scotiabank partners with the Black Entrepreneurship Program to provide financing and support to Black business owners, including dedicated business advisors and preferential banking products.

Banking Partner Advisory All Canada
Learn More & Apply

Eligibility Requirements

What you need to qualify for Black entrepreneur funding programs

1 Self-Identification

  • Self-identify as a Black Canadian
  • Canadian citizen or permanent resident
  • Some programs accept business residents

2 Business Requirements

  • Majority Black ownership (51%+) for most programs
  • Business operating or planning to operate in Canada
  • Valid business registration or incorporation

3 Documentation

  • Business plan (for startups)
  • Financial statements (for existing businesses)
  • Proof of Canadian residency
  • Business registration documents

4 Program-Specific

  • Age requirements (18-39 for Futurpreneur)
  • Industry sector (some programs)
  • Geographic location (regional programs)
  • Business stage (startup vs. growth)

Frequently Asked Questions

Common questions about Black entrepreneur grants in Canada

What grants are available specifically for Black entrepreneurs in Canada?
Canada offers several dedicated programs for Black entrepreneurs including: the Black Entrepreneurship Program (up to $250,000 in loans and grants), Futurpreneur Black Entrepreneur Startup Program ($60,000 financing), Black Entrepreneur Ecosystem Fund, BDC financing with preferential terms, and numerous provincial programs. In total, over $400 million has been allocated to support Black business owners.
What is the Black Entrepreneurship Program and who qualifies?
The Black Entrepreneurship Program is a federal initiative providing up to $250,000 in financing. To qualify, you must be a Black Canadian entrepreneur or business owner. The program offers loans through the Black Entrepreneurship Loan Fund administered by various financial institutions, along with mentorship and business support services through the National Ecosystem Fund.
How much funding is available for Black-owned businesses?
Black entrepreneurs can access significant funding through dedicated programs: Black Entrepreneurship Program ($250K), Futurpreneur ($60K for ages 18-39), plus all mainstream grants where Black-owned businesses often receive priority consideration. Combined with provincial programs and private initiatives, Black entrepreneurs can potentially access hundreds of thousands in non-repayable grants and low-interest financing.
Are there grants for Black-owned startups vs established businesses?
Yes, there are programs for both stages. Startups can access Futurpreneur Black Entrepreneur Startup Program ($60K), while established businesses can apply to the Black Entrepreneurship Loan Fund (up to $250K). Many programs support businesses at all stages, and Black entrepreneurs can also access general startup and growth grants with enhanced consideration.
What documentation do I need to apply as a Black entrepreneur?
Most programs require: self-identification as a Black Canadian, business registration documents, business plan, financial statements or projections, proof of Canadian residency, and sometimes a credit check. Dedicated programs focus on supporting entrepreneurs who face systemic barriers to accessing capital, with many offering flexible requirements compared to traditional financing.
Can I apply for multiple Black entrepreneur programs?
Yes, you can often combine multiple programs. For example, you might receive Futurpreneur financing for startup costs while also accessing support through the Black Entrepreneurship Program's ecosystem services. You can also apply for mainstream grants and programs where Black-owned businesses may receive priority consideration. Always check individual program guidelines for stacking rules.

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