Applications are officially open for The Black Entrepreneurship Program. If you are facing any systematic challenges in establishing your business, BEP can provide you the required financial assistance (up to $250000). This type of financial aid can help you to get your dream business started without any issue. Canadian business owners and entrepreneurs from the Black community are eligible for financial funding under BEP.

Applying for the Black Entrepreneurship Program

The application process for BEP is a little bit more complicated than conventional loan schemes. The targeted nature of the loan makes it critical for the applicants to focus on every minor and major aspect of the loan application.

At GSP Chartered Professional Accountant Professional Corporation (GSPCPA) we offer accounting and financial assistance for individuals who are willing to apply for BEP. There are various steps where a lack of technical knowledge can sabotage your application.

Application Processing Assistance from Skilled Professionals

GSPCPA has already helped clients from the Black community with the loan application. The Black Entrepreneurship Program is a competitive initiate where application approval is going to be pretty challenging. With years of experience in the financial sector, our team can help you with:

  • Preparing the BEP loan application
  • Business Registration
  • Preparation of the viable business plan
  • Preparing Financial Projections
  • Technical assistance with financial aspects

Who is Eligible for Black Entrepreneurship Loan Program?

You can apply for Black Entrepreneurship Loan Program if you:

  • are minimum 18 years old
  • are Canadian citizen, permanent resident, Canadian citizen-controlled entity, or conventional refugee
  • self-identify as Black or Black-led (majority ownership of >51% by Black Canadians)

What Businesses can apply for Black Entrepreneurship Loan Program?

  • Startups
  • Existing SMBs
  • For-profit social enterprises
  • Sole proprietorships
  • Corporations

Before applying for the loan program, there are certain requirements that every business needs to meet. In case you find these legalities and financial documentation confusing, we can help you to sort out the documents.