To be eligible for a loan, an applicant must: self-identify as Black or black-led (majority ownership of >51% by Black Canadian);< be a legal...

Eligible businesses may include start-ups and existing for-profit small businesses in Canada. Such businesses can be corporations or sole proprietors, and f...

Not-for-profit organizations are not eligible for loans.

Loans can be used for: Capital investments - equipment, leasehold improvements, property improvement, office equipment Working capital - Inventory, ...

Loans cannot be used to finance items such as goodwill, restructuring conventional business related debts, dividend payout, shareholder loan repayment or is...

The loan fund will offer loans up to $250,000. Alterna Savings and Vancity, under the micro-credit pilot, will offer loans between $10,000 and $25,000...

The processing of loans is a shared process between FACE, and BDC. FACE is the initial entry point for all Black-owned Enterprises interested in applying ...

FACE loan portal, accessible at www.facecoalition.com, will act as the electronic and initial in-take process for interested applicants to the loan fund. ...

FACE is committed to working This depends on the type of applications received and the due diligence that is required by the loan administrator and the BDC....

The FACE model is inclusive. It is designed in a way to allow other BBSOs from across the country to participate in the evolution of the entity and submit...