Black Entrepreneurship Loan Fund Business Plan Writers
Black Entrepreneurship Loan Fund Business Plan Writers
Receive a customized business plan for your Black Entrepreneurship Loan Fund application.
Are you looking for a Black Entrepreneurship Loan Fund?
Your Black-led business can now get its share of $350.8 million in government funding under the Black Entrepreneurship Program. The Black Entrepreneur Loan Fund connects you with up to $250,000 in business loans with partner financial institutions. It might just be the kick-start you need to take your business to the next level and have a greater impact on the world.
Eligibility
You are eligible for the Black Entrepreneurship Loan Fund if you self-identify as Black or if your company is black-led (a business with majority ownership, or 51%, by a Black Canadian). You also need to be a legal resident of Canada by way of citizenship or permanent residency. Conventional refugees are eligible for business funding in the form of microloans. A legal entity owned and controlled by a Canadian citizen who meets all the eligibility requirements is also eligible for the funding. Applicants must also be at least 18 years old.
Learn More Today
Receive a customized business plan for your Black Entrepreneurship Loan Fund application.
Are you looking for a Black Entrepreneurship Loan Fund?
Your Black-led business can now get its share of $350.8 million in government funding under the Black Entrepreneurship Program. The Black Entrepreneur Loan Fund connects you with up to $250,000 in business loans with partner financial institutions. It might just be the kick-start you need to take your business to the next level and have a greater impact on the world.
Eligibility
You are eligible for the Black Entrepreneurship Loan Fund if you self-identify as Black or if your company is black-led (a business with majority ownership, or 51%, by a Black Canadian). You also need to be a legal resident of Canada by way of citizenship or permanent residency. Conventional refugees are eligible for business funding in the form of microloans. A legal entity owned and controlled by a Canadian citizen who meets all the eligibility requirements is also eligible for the funding. Applicants must also be at least 18 years old.
Learn More Today
What Can I Get a Loan For?
Allowable expenses under The Black Entrepreneurship Loan funds include:
- capital investments (including equipment)
- leasehold improvements
- property improvement
- office equipment
- inventory
- payroll
- lease or rent payments
- accounts management
- business overhead
What Size of Loan is Available?
The Black Entrepreneurship Loan Fund provides access to business funding based on your needs, stage, and situation. The maximum loan amount is $250,000, but you can receive microloans for $10,000 to $25,000 with Vancity or Alterna Savings.
The financing for the Black Entrepreneurship Loan Fund is provided through a range of lenders, including CIBC, the Royal Bank of Canada, Scotiabank, and the Black Entrepreneur Startup Program.
The Application Process
Applications are submitted electronically through the Federation of African Canadian Economics (FACE). When applying, submit all of the requested documents, including a detailed business plan that speaks directly to your need for the loan, to a FACE client relationship manager.
Your documents will determine your eligibility for the loan. The funders assess your ability to repay the funds, your track record, your stage of business, and the quality of your business plan.
Application processing time varies depending on the documents you submit and how much funding you are requesting.
Maximize Your Chances of Success with Bsbcon
You require a business plan writer that has a solid understanding of the Black Entrepreneurship Program, and can generate results. Our team works as a bridge between Black entrepreneurs and lenders, streamlining the process by introducing clients to our contacts at the right financial institutions. A Bsbcon business plan writer can make all the difference in helping you secure funding for your black-led organization.
We know exactly what makes a successful application and the information underwriter’s require to approve your loan. We will explain what you will be spending the capital on, how it will help your business become more profitable, and how your business will provide a greater change to the world. A tailored Black Entrepreneurship Loan Fund business plan will help you get the funding that you require to take your company to the next level!
Contact us today to confirm your eligibility for the Black Entrepreneurship Loan Fund and get started on your business plan.
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