Black Entrepreneurship Program
Helping the Next Generation of Black Entrepreneurs Rise
Looking to secure funding and support through the Black Entrepreneurship Program (BEP)? Mikel Consulting’s tailor-made bank loan business plans can help highlight your business’s strengths and financial needs, setting you up for success. We can help you get the support you need to grow, scale, and ultimately succeed in the market.
Mikel Consulting's Record of Success
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4,000+
Business Plans
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$0.9B+
Bank Loans Secured
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97%
Success Rate
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100+
Trusted Partners
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90+
Client Countries
What is the Black Entrepreneurship Program?
The Black Entrepreneurship Program supports Black Canadian entrepreneurs through loans, mentorship, and business development resources, supporting growth and development for underrepresented business leaders.
What Does the BEP Program Offer?
The Black Entrepreneurship Program offers up to $250,000 in loans, mentorship, business training, and financial planning support to Black Canadian entrepreneurs and business owners.
Who is the BEP Program For?
It is designed for Black-led businesses and entrepreneurs across Canada, aiming to foster growth, remove barriers, and promote long-term success through partnerships with financial institutions and Black-led organizations.
Why Choose Mikel Consulting?
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PROVEN EXPERTISE
Experience: Prepared 4,000+ customized business plans since inception.
Success Rate: 97% success rate for 3,000+ valued clients worldwide.
Trustworthy Team: Dedicated professionals with 24 years of industry experience.
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TIME SAVINGS
Efficient Process: Prompt delivery of first drafts within 7-10 business days.
Focus on Growth: Save weeks of work to concentrate 100% on growing your business.
Industry Research: Powered by direct research and hundreds of top industry resources.
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HIGHLY CUSTOMIZED
Custom Solutions: 1-on-1 consultations to understand your business, industry, and goals.
Reflect Your Vision: Create a custom-tailored business plan to best represent your vision.
Maximize Success: Designed to attract funding, increase potential for success, and stand out from the competition.
BEP Funding & Program Details
Loan Amount: Provides loans up to $250,000 to Black Canadian entrepreneurs and business owners.
Eligibility: Open to Black-led businesses and entrepreneurs across Canada.
Partnership: A collaboration between the Government of Canada, Black-led business organizations, and financial institutions, including the BDC.
Application Process: Applications for the loan fund are managed through the Federation of African Canadian Economics (FACE).
Support Services: Includes mentorship, business training, financial planning, and other support services provided through Black-led organizations.
Program Components: Includes a loan fund, a National Ecosystem Fund for not-for-profits, and a Knowledge Hub to research Black entrepreneurship .
Program Duration: Supported by up to $265 million over four years.
Bank Loan Business Plan Examples
Transforming Your Vision into Reality
Explore how our strategic business plans and expert guidance have propelled businesses to new heights.
Chic Nail Salon
Secured a $128,475 bank loan for operational launch.
Labs Diamond
Secured $10M loan for working capital to place inventory at retailers.
Sempre Uno
Secured a $1M bank loan for operations and enhancement.
Frequently Asked Questions
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The Black Entrepreneurship Program is a partnership between the Government of Canada, Black-led business organizations, and financial institutions, providing up to $265 million over four years to support Black entrepreneurs and business owners in growing and succeeding.
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The BEP is available to Black Canadian entrepreneurs and business owners, offering access to funding, mentorship, financial planning, and training through partnerships with organizations like the Federation of African Canadian Economics (FACE).
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The Black Entrepreneurship Loan Fund, a key component of the BEP, provides loans of up to $250,000 to Black business owners, helping them access capital to grow and scale their businesses across Canada.
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Mikel Consulting prepares comprehensive business plans that align with the BEP’s requirements, ensuring that Black entrepreneurs clearly articulate their business strategy, financial needs, and growth potential, which increases their chances of securing a BEP loan.
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Mikel Consulting’s business plans for BEP loans include detailed financial projections, market research, growth strategies, and a clear plan on how the loan will be used to support business growth, tailored to meet the specific criteria of the Black Entrepreneurship Loan Fund.
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With extensive experience in creating lender-ready business plans, Mikel Consulting ensures that all aspects of the BEP loan application are addressed, including clear financial goals, business viability, and alignment with the program’s focus on supporting Black entrepreneurs.
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Mikel Consulting typically delivers a full business plan within 7-10 business days, allowing entrepreneurs to move forward with their BEP loan applications efficiently and confidently.
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Yes, Mikel Consulting’s business plans are versatile and can be adapted for use with other financing programs, including those offered by commercial banks, credit unions, and government-backed initiatives like the BEP.
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Mikel Consulting’s business plans are tailored to meet the unique needs of Black entrepreneurs, providing a clear, data-driven presentation that aligns with the BEP’s goals of supporting sustainable growth, financial planning, and long-term success for Black-owned businesses.
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Speak With An Advisor
We can’t wait to get you funded!
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Learn About Our Partner Program
Partners enjoy added benefits including favourable pricing!
We have the expertise to unlock opportunities for your business growth, funding, and immigration success through our tailored business plans and strategic guidance.
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