Federal
Black Entrepreneurship Program (BEP) — 2026 Guide
Federal program providing $25K–$250K in loans and business support to Black Canadian entrepreneurs through a national network of Black-led organizations.
Black Entrepreneurship Program (BEP) — Complete Guide 2026
What Is the Black Entrepreneurship Program?
The Black Entrepreneurship Program (BEP) is a federal government initiative providing loans and business support specifically to Black Canadian entrepreneurs. The program is delivered through a national network of Black-led organizations and provides loans from $25,000 to $250,000 plus wraparound business mentorship services.
How Much Funding?
- Loans from $25,000 to $250,000
- Below-market interest rates
- Flexible repayment terms
- Plus access to Black Entrepreneurship Knowledge Hub (free resources)
- Mentorship and advisory services through BEP delivery organizations
Who Is Eligible?
- Business at least 51% owned and led by a Black Canadian
- Operating in Canada
- Both new businesses and established businesses qualify
- Specific requirements vary by regional delivery organization
BEP Delivery Organizations by Region
- Ontario: Black Business and Professional Association (BBPA), National Black Canadians Summit, various CDFIs
- Quebec: Réseau d'appui aux entrepreneurs noirs (RAEN)
- BC: Black Entrepreneurs BC, BEP Western Canada partners
- Alberta: Black Business Initiatives
- Atlantic: Black Business Initiative (Nova Scotia)
How to Apply
- Find your regional BEP delivery organization at ised.canada.ca/bep
- Contact them to confirm current intake status
- Prepare: business plan, financials, proof of Black ownership/leadership, credit history
- Submit application — process takes 4–8 weeks
Frequently Asked Questions
- What is the Black Entrepreneurship Program?
- BEP is a federal initiative providing loans of $25,000–$250,000 to Black Canadian entrepreneurs at below-market rates, delivered through Black-led organizations across Canada.
- Who qualifies for BEP funding?
- Businesses at least 51% owned and led by a Black Canadian, operating in Canada. Both new and established businesses are eligible. Requirements vary by regional delivery organization.
- How is BEP different from other government grants?
- BEP is a loan program (not a grant), but offers below-market rates, flexible terms, and is combined with wraparound mentorship. It's specifically designed for the unique barriers facing Black entrepreneurs in accessing capital.
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