Alterna and Business Development Bank of Canada (BDC) Joint Loan Program: Alterna Community Microfinance Loan and BDC Loan
Alterna is proud to participate in the microloan program of the Black Entrepreneurship Loan Fund, which offers loans between $10,000-$25,000. This new collaboration with BDC will allow eligible loan recipients of Alterna microloans to apply for extended funding through BDC.
Grant Deadline
2025-01-06
Funding Amount
$50,000
Type of Grant
Loans
Sectors
All Sectors
Demographics
Incorporation
For Profit
Perks
Region Restriction
Keywords
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
Eligible Groups
- Black entrepreneurs – Applicants must self-identify as being of African or Caribbean heritage and must have at least 51% ownership interest in the business
- Social (for profit) entrepreneurs – engaged in a business that uses a creative and innovative approach to solve economic, social and environmental issues.
- Women entrepreneurs – must have at least 51% ownership interest in the business
Grant Application website
https://www.alterna.ca/en/business/small-business/microfinance/loan-program/
Contact