Fonds Afro-Entrepreneurs

📋 Eligible Entities - Growing businesses owned by members of Black communities in Quebec - Must be Quebec-based enterprises - Ownership requirement: Black community members must have controlling interest in the business - Eligible business structures include: - Sole proprietorships - Partnerships - Corporations - Cooperatives ### 💰 Funding Details - Loan Amount Range: $50,000 to $500,000 - Type: Non-dilutive loans (not grants) - Repayability: Loans must be repaid according to negotiated terms - Interest Rate: Terms to be determined based on project viability and borrower creditworthiness - Matching Requirements: Not specified in program description (verify with lender) - Currency: Canadian dollars (CAD) ### 🛠️ Approved Expenses The program supports diverse project domains, including but not limited to: - Business expansion and growth initiatives - Equipment and technology acquisition - Working capital and operational expenses - Infrastructure development - Inventory purchases - Professional services and consulting - Marketing and business development - Specific eligible sectors to be confirmed with program administrator ### ⚠️ Conditions & Milestones - Primary Condition: Business must demonstrate growth trajectory and viable business plan - Black Community Membership: Applicant(s) must provide proof of belonging to Black communities in Quebec - Location Requirement: Business must operate in Quebec - Loan Agreement: Borrower must enter into formal loan documentation with repayment obligations - Project Viability: Business case and financial projections must support loan approval - Reporting: Likely ongoing compliance and reporting requirements (to be confirmed) - Repayment Timeline: Terms negotiated on case-by-case basis based on project type and cash flow projections