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, pay...

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