The Black Entrepreneurship Loan Fund is now open to applicants, and will provide loans up to $250,000 to Black business owners and entrepreneurs across the country.
On Monday, the federal government said Black business owners and entrepreneurs face systemic barriers in starting and growing their businesses, and the problem has been exacerbated by the pandemic.
A partnership between the federal government, business organizations and financial institutions, the fund is accepting applications from business owners and entrepreneurs through the support organization Federation of African