The Black Opportunity Fund (BOF) announces the Black Entrepreneur Loan Program, an inclusive lending program for Black entrepreneurs. Through the Black Entrepreneur Loan Program, Black entrepreneurs who have been unable to secure funding to-date through Canadian financial institutions, may be eligible to apply for loans in the range of $10,000 to $50,000.
This new initiative is part of a $10 million, five-year commitment from TD Bank Group announced in September 2021, among one of the largest contributions in Canada to a Black-focused, Black-led and Black-serving organization. This donation aims to support the continued effort of combating anti-Black racism and broader systemic discrimination, create opportunities for economic inclusion, and help meet the needs of Black communities across Canada.
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