Federal government launches loan program for Black-owned businesses – CTV News
OTTAWA —
The federal government is opening the doors to a loan program that will provide financing to Black-owned businesses that often face a steep hill to access capital.
The Black Entrepreneurship Loan Fund will provide loans of up to $250,000 for businesses that are majority Black-owned, or entrepreneurs for their startups or existing for-profit small businesses.
Social enterprises, partnerships and co-operative businesses are also eligible for the financing.
The government says applicants…
