Follow-on financing
Black Entrepreneur Startup Program
We understand that starting your own business can come with its challenges, which is why we're excited to introduce our Black Entrepreneur Startup Program (BESP)! This program is specifically designed to support young Black entrepreneurs on their journey to success.
Funded by:
Additional loan financing from:
Funded by:
Additional loan financing from:
Fuel your growth with follow-on financing!
If you’ve successfully received a loan through the Black Entrepreneur Startup Program funded by RBC, you may be eligible for follow-on financing of up to $40,000, helping you scale your business even further!
Eligibility Criteria:
Are you eligible for an additional BESP loan?
See the top-level criteria you have to meet to be eligible or check out our FAQ for more information.
- Loan status: You received your initial Black Entrepreneur Startup Program (BESP) loan 24–48 months ago, with up-to-date payments and a good repayment history (no active/recent restructuring).
- Business continuity: Your business must be the same (name changes may be accepted), not dissolved, and under the same ownership.
- Operational history: Your business must have launched and operated full-time for at least one year, with one year of actual financial results.
- Business documentation: Financial statements, including a Notice of Assessment, are required. Additional documents may be needed.
Note: Approval for follow-on financing is not guaranteed. For more information about your eligibility, please contact us at info@futurpreneur.ca and include Follow-on Financing in the subject line.
