LAUNCHING A BUSINESS? WE CAN HELP.
Futurpreneur is here to empower aspiring young entrepreneurs on their journey to success! Our Core Startup Program provides startup loan financing and up to two years of mentorship, with added access to tools and networking opportunities across Canada.
Sign up for more information
Are you 18-39 and ready to launch a business?
Futurpreneur Canada, in partnership with the Business Development Bank of Canada, offers young entrepreneurs age 18 to 39 up to $75,000 in financing to launch or grow a business.
We also connect you with an expert business mentor for up to two years and provide access to the tools and resources you need to have the best shot at business success.
What would you do with up to $75,000 to launch or grow your business?
Our offering
From business plan to business success. We offer you the tools to get your startup off the ground. If you’re 18 – 39 and ready to launch a business, we’re here to help you!
Are you eligible for the Core Startup Program?
We offer young entrepreneurs ages 18-39 startup loan financing and up to two years of mentorship.
See full eligibility criteria hereYou are between the ages of 18-39
And are a Canadian citizen or permanent resident of Canada
You must demonstrate some training or experience in your field
You must be able to demonstrate that you have experience working in your industry and related to your business idea.
You cannot be a contractor or an agent
To apply you cannot be an agent or contractor working for another already-existing business.
Repayment 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 instalments 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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