Every day, Black business owners and entrepreneurs make invaluable contributions to the development of communities across the country, and their success is essential to economic recovery and prosperity.

COVID-19 has highlighted and exacerbated existing barriers faced by Black business owners and entrepreneurs.

National Bank is pleased to partner with the Government of Canada to launch the country’s first-ever Black Entrepreneurship Program.

National Bank and seven other Canadian financial institutions have collectively committed up to $128 million in lending support for the program’s new Black Entrepreneurship Loan Fund – through which Black-led business organizations will provide loans between $25,000 and $250,000 to Black business owners and entrepreneurs.

Further details on the Program and the Fund will be made available by the Government of Canada.

About National Bank of Canada
With $322 billion in assets as at July 31, 2020,  National Bank of Canada , together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at  nbc.ca  or via social media such as  Facebook ,  LinkedIn  and  Twitter .