Can you stack Black Entrepreneurship Loan Fund (FACE) and Women Entrepreneurship Loan Fund?
Yes. Black Entrepreneurship Loan Fund (FACE) and Women Entrepreneurship Loan Fund can be combined. They fund different things, so the trick is simple: apply to each separately and never claim the same dollar twice. Together they reach up to $300K+ in potential value.
Black Entrepreneurship Loan Fund (FACE)
Federation of African Canadian Economics (FACE) administered loan program for Black-owned and Black-led businesses across Canada. Loans from $10,000 to $250,000 with mentorship.
Women Entrepreneurship Loan Fund
Federal loan program delivered through partner organizations for majority women-owned businesses. Loans up to $50,000 at preferential rates with simplified eligibility.
How to stack them
- 01Confirm you meet each program's eligibility on its own. Black Entrepreneurship Loan Fund (FACE) and Women Entrepreneurship Loan Fund are assessed separately.
- 02Apply to each program through its own application. There is no combined form.
- 03Allocate distinct costs to each program. You cannot claim the same dollar of expense under both, but you can fund different parts of the same project.
- 04Track both deadlines and keep the paperwork separated, so each claim stands on its own.
Stacking rules vary by program and change over time. Confirm the current rules with each program, or take the quiz and we will flag the combinations you qualify for.