BDC has committed $130 million to extend capital to Black entrepreneurs under the Loan Fund. The BDC is a financial Crown Corporation that has been serving Canadian entrepreneurs since 1944 across the country. The BDC plays an active and important role supporting access to financing to underserved sectors, regions and entrepreneurs in Canada. It has the expertise, knowledge and capacity to work with FACE support the loan fund
Other financial institutions and credit unions committed to participating in the program and will be formally onboarded as partners in due course.