LAUNCH OR GROW YOUR SIDE HUSTLE
Our Side Hustle Program offers you up to $25,000 in financing to help you launch or grow your side business and keep your full-time job. As well, you can benefit from mentoring and business planning tools to help you grow your side hustle and take it to the next level.
Sign up for more information
Grow your side business
One-in-three working Canadians are managing their own side business.
Whether you’re an established side hustler or looking to launch a new side business, Futurpreneur can help you reach your goals.
Grow your side business at your own pace with the Futurpreneur Side Hustle program. Our program offers collateral-free loans of up to $25,000 and pairs you up with a dedicated mentor, offering tailored support and guidance.
Sign up to connect with your dedicated Futurpreneur team member in your city and get started on your entrepreneurship journey.
The launch of my business was in its final stage, manufacturing the product, and it was thanks to the loan that I was able to fulfil my dream of seeing my board game hit the store shelves!
Kevin Bouchard, founder of Viviludi.
Our offering
Whether you’re an established side hustler or looking to launch a new side business, Futurpreneur can help you reach your goals.
Are you eligible?
Click here to learn more about Futurpreneur’s general eligibility requirements.
See full eligibility criteria hereYou must be a Canadian citizen or permanent resident of Canada
You must physically reside in Canada.
You are between the ages of 18-39
At the time of your application you must be within the stated age range in order to be eligible.
You have a full time income outside of your side business
For the next 12 months, your side business will remain your secondary source of income.
Financing terms & fees
Futurpreneur Repayment Terms & Fees
- Up to $25,000 with a term over five years.
- Interest is charged at CIBC’s prime rate + 3%. (Note that if CIBC’s prime rate exceeds 6%, the interest rate charged is capped at 9%. If CIBC’s prime rate exceeds 9%, the interest rate charged will be charged at CIBC prime rate.)
- Interest-only payments for the first year.
- Principal repayments are made in equal monthly installments together with interest, over the remaining 3 years.
- No penalty for early repayment.
- A one-time loan management fee of 1% of the total loan amount is charged at time of disbursement
- The above points reflect current Futurpreneur loan terms; the exact terms of each entrepreneur’s loan are clearly defined in their loan agreement.
Ready to start your entrepreneurial journey?
Sign up here to get connected with a dedicated team member to learn more about Futurpreneur’s loan with mentorship and resources.
Alternatively, if your complete business plan and 24 month cash flow are ready for submission to Futurpreneur, click here to get started!
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