Setting you up for success right away

Black Entrepreneurship Loan Fund.

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In partnership with

Logo for Federation of African Canadian Economics (FACE)

Black Entrepreneurship Loan Fund.

1The Federation of African Canadian Economics (F.A.C.E) is a coalition of black-led organizations dedicated to stimulating economic growth and creating generational wealth for Canadians of African Descent. F.A.C.E is the legal entity that will be the Agent for the government contribution to enable the activation of the Black Entrepreneurship Loan Fund. It is an incorporated body of Black Business Support organizations (BBSOs) with representation across Canada. F.A.C.E is the initial entry point for all Black Owned Enterprises (BE) wishing to avail themselves to loans from $10,000 to $25,000 under this program.

2As per Vancity normal lending guidelines and qualification criteria.

3The Annual Percentage Rate (APR) is based on the loan being interest only for up to the first 12 months. The APR is set at Vancity Prime + 3.0% per annum. The APR is based on a $10,000 loan with monthly payments starting after 12 months and paid through a 5-year term. APR assumes no fees apply. Rates subject to change without notice. Vancity Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by Vancity. The interest rate on your loan will change whenever Vancity Prime varies.

No matter what stage your business is in, all applicants can enjoy:

  • Business planning advice for new businesses
  • Access to resources for existing businesses, including accounting and legal support
  • Technical help with finances, business taxes, training, education, and more 

Flexible funding for Black entrepreneurs

Enjoy barrier-free financing that's designed with your success in mind:

  • Term and operating loans from $10,000 to $25,0002
  • Flexible financing terms of up to 5 years
  • Interest-only payments for up to 12 months3 
  • No penalties when paying off all or part of the loan at any time

Let's build a foundation for future success

In partnership with the Federation of African Canadian Economics(F.A.C.E), a coalition of prominent Black business and community support organizations from across Canada, we’re proud to be part of the Black Entrepreneurship Loan Fund—a program that provides Black business owners and entrepreneurs with barrier-free access to business funding, tailored advice, mentorship, education, networking opportunities, and much more.

And with loans from $10,000 to $25,000, we’re excited to see Black Canadian business owners and entrepreneurs grow their businesses and succeed now, and into the future.

Plus, in the coming months, loan options of up to $250,000 will become available.

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Ready to do this?

* Terms and conditions apply

By phone

604-829-5560
Mon - Fri: 9 am to 5 pm 
Sat: 9 am to 3 pm

By phone

604-829-5560
Mon - Fri: 9 am to 5 pm 
Sat: 9 am to 3 pm

If you have any questions, or you'd like to learn more, you can review the program's Frequently Asked Questions or reach out to F.A.C.E directly. Or, simply select the button below to start the application process. 

If you have any questions, or you'd like to learn more, you can review the program's Frequently Asked Questions or reach out to F.A.C.E directly. Or, simply select the button below to start the application process. 

Discover the programDiscover the program

In partnership with

Logo for Federation of African Canadian Economics (FACE)