Microloan Fund and Black Business Hub Launch

by Nov 5, 2020Annoucements, MicroLoan Fund0 comments

The Afro Caribbean Business Network Foundation is excited to announce our new MicroLoan Fund to help entrepreneurs of African and Caribbean heritage get access to low interest loans. Special thank you to Alterna Savings, Empowered 4x, SETSI, and Dream Legacy Foundation as well as the other 40 organizations that have signed on to support our work. The government loan program that was announced within their 221 Million dollar program for Black Entrepreneurs is currently designed to give out loans between $25,000 and $250,000. The research that ACBN has been able to do in the community saw that loans between $500 and $15,000 were also needed so this Loan Fund was created to fill the gap. If you are a Black entrepreneur having trouble getting funding at traditional banks sign up today by filling out our financial needs assessment form here and we will help you get the funding you need.

Watch: Dream Legacy Foundation / ACBN launches MicroLoan Fund with Alterna Savings, SETSI, and EMPOWERED 4x


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ACBN MicroLoan Fund Launch Announcement

ACBN MicroLoan Fund Launch Announcement

Providing low interest loans at prime plus 1.25% for entrepreneurs of African and Caribbean descent. One of the first of its kind in Ontario, Canada, the launch of this community lending program with the support of Alterna Savings Credit Union. Provides a remarkable opportunity for Black business founders

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