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BlackLoanOpen
Futurpreneur Canada
Black Entrepreneur Startup Program
Amount
Up to $60K
Deadline
Rolling
Odds
Not published
Effort
1 hr
Can you get this?
✓Must self-identify as Black
✓Canadian citizen or permanent resident, aged 18–39
✓Must physically reside in Canada
✓Business operating less than two years or not yet launched
✓Business must be majority Black-owned
Your real odds
No public acceptance rate is disclosed, and the rolling intake means you are not competing against a single cohort deadline.
The program applies more inclusive credit criteria than standard lenders, a design choice that directly responds to documented barriers faced by Black entrepreneurs, so a thin or imperfect credit history is less likely to disqualify you here than it would elsewhere.
What it takes
Confirm eligibility1 hr
Prepare business plan and cash flow projection1 to 4 weeks
Submit application online1 to 2 hrs
Worth knowing
The loan comes with up to two years of free mentorship and access to a Canada-wide Black entrepreneur network, and after those two years, follow-on loan financing is available, so the relationship with this funder does not end at disbursement.
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