Wikiprocedure

Nova Scotia - Apply for BEP (Black Entrepreneurship Program)

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ProcedureEdit

Apply In-Person:

  1. To apply for Black Entrepreneurship Program in person, the applicant has to visit the office of the Federation of African Canadian Economics.
  2. The address and contact details of the Federation can be found in the following contact link
  3. The applicant has to visit the office and approach the relevant official who is responsible for receiving Black Entrepreneurship Program applications.
  4. The official in-charge will instruct the applicant how to complete the application process.
  5. The official may ask the applicant to complete a questionnaire in order to know the information of the applicant.
  6. List of required documents is present in the “Required Documents” section of this page. The applicant should carefully follow instructions of the official.
  7. The applicant has to provide the documents to the official in-charge during the application process, as applicable.
  8. After completion and submission of the questionnaire and other required documents, the documents will be initially reviewed by FACE’s Lending support analyst.
  9. The service is free and the applicant need not pay anything for the process.
  10. Upon obtaining approval from the analyst, the file will then be analyzed by the Entrepreneurship Loan Officer (ELO). Once approved by the ELO, it will then be reviewed by the Ad-hoc committee for a final approval.
  11. In further steps, the ELO will communicate the applicant regarding the release of loan funds. The applicant can also check with FACE office for the application progress.
  12. The applicant will also receive text messages in their mobile number regarding the status changes of the application.


Apply online

  1. To apply for Black Entrepreneurship Program online, the applicant has to visit the following online application link
  2. If the applicant has an account in the portal, he/she has to click the “Login” link which is present at the bottom.
  3. In the login page, the applicant should enter the user details in the respective fields and click “Login” button.
  4. If not, the applicant has to enter the required details in the ‘register’ page, click the ‘privacy’ tick box and click “Create an account” button.
  5. A verification email will be sent to the provided email address, open it and click on the “Verify email address” button.
  6. The applicant will be redirected into the online application form in his/her FACE account. Click “Start Application” button to begin to apply.
  7. ‘User Consent’ dialogue box will appear, click the mandatory check boxes and click “I Authorize” button.
  8. List of questions will be displayed at the right side of the screen. The applicant has to all the mandatory questions by clicking the “Edit” option.
  9. After clicking the button, the question will expand with the respective choices from which the applicant should select a choice and click “Continue” button or press “Enter” button.
  10. Once the applicant answered a question, the screen will display the next question. Consecutively, the applicant should answer the questions by clicking the applicable answer.
  11. If any question is not mandatory and it is not applicable to the applicant, he/she can skip it by clicking “Skip question” button.
  12. At the final section of the questionnaire, the applicant will have to upload the required documents by clicking the “Drop your PDF” button. List of required documents is present in the “Required Documents” section of this page.
  13. Then, the applicant has to click “Submit” button after completing the questionnaire. If the applicant needs to change anything among the answered questions, he/she should click “Edit Application” button and proceed.
  14. As a receipt of acknowledgement, an email will be sent to the email address by the applicant. After submission, the documents will be initially reviewed by FACE’s Lending support analyst.
  15. Upon obtaining approval from the analyst, the file will then be analyzed by the Entrepreneurship Loan Officer (ELO). Once approved by the ELO, it will then be reviewed by the Ad-hoc committee for a final approval.
  16. In further steps, the ELO will communicate the applicant regarding the release of loan funds. The applicant can also check the FACE account for the application progress.
  17. The applicant will also receive text messages in their mobile number regarding the status changes of the application.



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Required DocumentsEdit

  • Completed Questionnaire
  • Detailed business plan
  • Cash-flow projections (for at least 2 years)
  • Proof of Business Registration
  • Updated personal statement of affairs
  • Updated T1 and T2 Income Tax returns (with Assessment notices)
  • Updated historical financial statements



Office Locations & ContactsEdit

Federation of African Canadian Economics,
3737, Boul Crémazie E,
Montréal,
QC H1Z 2K4,
Canada
Phone: 1 (855) 560-FACE (3223)
Email: [email protected]
Website link
Contact link
Google map location link
Innovation, Science and Economic Development Canada contact link

EligibilityEdit

  • Applicants must be at least 18 years of age and should be eligible to identify themselves as blacks.
  • Applicant must be at least a permanent resident of Canada and his/her business must be majorly owned by blacks.
  • In case of multiple shareholders, majority shareholdings and voting rights must favour a black majority of no less than 51%.
  • Businesses such as Sole trading, Corporations (Ltd, Inc) and Partnerships (limited & non-limited) are eligible.
  • Refer “Eligibility” section in the following page for more relevant information eligibility requirements



FeesEdit

The service is free.


ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever



Documents to UseEdit

Please attach documents that can be used by people. e.g. links



Sample DocumentsEdit

Please attach sample completed documents that would help other people.



Processing TimeEdit

Please explain processing time taken in obtaining the document/certificate.



Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&>
from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.



InstructionsEdit

  • You can submit your application at present and send the required documents at a later date.
  • The Fund will provide loans of up to $250,000 to support Black business owners and entrepreneurs across Canada and lay the foundation for future success and long-term change.
  • The loan program will fund existing businesses (to a maximum of $250,000) and start-ups (to a maximum of $50,000) under two programs namely the macro loan pilot program and micro loan program.
  • Refer for more instructions



Required InformationEdit

  • Official language
  • Type of business ownership
  • Year of business registration
  • Ethnicity
  • Email address
  • Business name and address
  • Contact number and mobile number
  • Business sector and website address
  • Social media network IDs
  • Birth place and citizenship
  • Marital status and Gender
  • Number of children
  • Mother tongue and languages spoken
  • Details of diplomas possessed
  • Sexuality
  • Details of other jobs (if any)
  • Mode of finance
  • Personal credit score
  • Details of shareholders
  • Business loan details
  • Personal net worth
  • Number of employees



Need for the DocumentEdit

Black Entrepreneurship Program enhances start-ups and scale-ups led by Africans living in Canada, with financial support for their Capital investments, Working capital and Short-term receivable financing.


Information which might helpEdit

Refer for more info


Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.



External LinksEdit

Place some external links which might help.



OthersEdit

More information which might help people.



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