Every day, Black business owners and entrepreneurs make invaluable contributions to the development of communities across the country, and their success is essential to economic recovery and prosperity.
COVID-19 has highlighted and exacerbated existing barriers faced by Black business owners and entrepreneurs.
National Bank is pleased to partner with the Government of Canada to launch the country’s first-ever Black Entrepreneurship Program.
National Bank and seven other Canadian financial institutions have collectively committed up to $128 million in lending support for the program’s new Black Entrepreneurship Loan Fund – through which Black-led business organizations will provide loans between $25,000 and $250,000 to Black business owners and entrepreneurs.
Further details on the Program and the Fund will be made available by the Government of Canada.