Afro-Entrepreneurs Fund

Access to growth capital can be a major barrier for entrepreneurs ready to scale, especially when traditional financing doesn’t reflect the realities of diverse business owners. For Black entrepreneurs in Quebec looking to accelerate expansion, the Afro-Entrepreneurs Fund offers a meaningful financing option designed to support established companies with clear growth potential. Delivered by Filaction, this fund focuses on helping businesses move beyond early traction and into their next phase of development.

The Afro-Entrepreneurs Fund provides repayable financing, typically starting around $50,000 and reaching up to approximately $500,000, to support a wide range of business projects. Because all industry sectors are considered, the fund is relevant to companies in manufacturing, processing, retail, and service-based industries, among others. Financing is structured as a direct loan, with repayment generally made through regular instalments, and terms can be adjusted to reflect the nature of the project and the company’s cash flow. In some cases, security may be required, often tied to assets being financed.

This fund is best suited to incorporated or formally registered businesses in Quebec led by experienced Black entrepreneurs who can demonstrate steady revenues and long-term growth plans. For business owners exploring tailored financing that aligns with both their operational needs and community context, learning more about this program can help clarify whether it’s the right fit.