Program for those seeking to launch non-profits
Are you a young person seeking to start a non-profit organization in Canada? Futurpreneur can provide financing, mentoring and resources to you.
Our offering
We offer you the tools and support to get your non-profit organization off the ground. If you’re between the ages of 18-39, learn more about how we can help you in the early stages.
Are you eligible?
Non-profit organization founders, ages 18-39, may be eligible for loan financing and up to two years of mentorship.
See full eligibility criteria hereYou must be capable of generating 20% gross revenue
To participate in this offering, participants must demonstrate a capability to generate a minimum of 20% of the gross revenue from ongoing, sustainable commercial activities.
You can be a new or existing non-profit
To participate in this offering, participants can be involved in a new non-profit or existing non-profit organization that is launching a new social enterprise.
You must have signing authority or written board approval
If the application is submitted by an employee of an existing organization, that employee must have signing authority or written board approval. Proof of signing authority must be submitted during the application process.
Take a look at our other offerings
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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FAQ
Can’t find the answers you’re looking for?
See our full FAQs.
At what stage of my business planning can I apply to Futurpreneur?
Futurpreneur offers free resources and tools to help entrepreneurs at every stage of business development. If you are in the idea or R&D phase of forming your company, our free tools and resources can help guide you through the process of developing your business plan, creating your cash flow, and more. We’re here to help move your business forward!
In order to apply to Futurpreneur’s Startup Program and secure financing, your company must be in the pre-startup or startup stage (i.e., beyond the Idea or R&D phase).
• By pre-startup, Futurpreneur means the company is in the process of launching and will make its first sales ideally within the next few months.
• By startup, we mean existing companies that have had less than a year of significant sales, i.e., sufficient revenues for the applicant(s) to pay themselves.
Can I access either Futurpreneur funding or mentoring separately?
Working with a mentor is one of the requirements of our financing program, and you must receive our financing in order to be matched with a mentor. We do not offer these options separately.
I am over 39. Can I still qualify for Futurpreneur’s Startup Program?
Our startup program is aimed at entrepreneurs between the ages of 18 and 39 exclusively. If you are about to turn 40, you may be eligible for the program provided your full application is completed before your 40th birthday.
If you are 40 years of age or older, unfortunately, you are not eligible for our program.
Financing terms & fees
Futurpreneur Repayment Terms & Fees
- Up to $25,000 with a term over five years.
- Interest rate may change.
- Interest-only payments for the first year.
- Principal repayments are made in equal monthly installments together with interest, over the remaining four years.
- No penalty for early repayment.
- A one-time loan management fee of 1% of the total loan amount is charged at the 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.
BDC Repayment Terms & Fees
Please contact your local BDC office for the BDC Repayment Terms & Fees including the Floating Base Rate.
