{"id":11929,"date":"2025-03-26T15:00:19","date_gmt":"2025-03-26T19:00:19","guid":{"rendered":"https:\/\/futurpreneur.ca\/?post_type=offering&#038;p=11929"},"modified":"2025-03-31T14:32:06","modified_gmt":"2025-03-31T18:32:06","slug":"follow-on-financing","status":"publish","type":"offering","link":"https:\/\/futurpreneur.ca\/en\/offering\/black-entrepreneur-startup\/follow-on-financing\/","title":{"rendered":"Follow-on financing"},"content":{"rendered":"\n\t<section class=\"alignfull header-block \" aria-labelledby=\"header-title\">\n\t\t<!-- Simple Header -->\n\t\t\t\t<!-- Header with an Image -->\n\t\t\t\t<!-- Header with Partners -->\n\t\t\t\t\t<div class=\"main-grid\">\n\t\t\t\t<div class=\"main-grid__margin\"><\/div>\n\t\t\t\t<div class=\"header-with-image\">\n\t\t\t\t\t<div class=\"header-with-image__text\">\n\t\t\t\t\t\t<h1 id=\"header-title\">Black Entrepreneur Startup Program<\/h1>\n\t\t\t\t\t\t<p>We understand that starting your own business can come with its challenges, which is why we&#039;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.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"header-with-image__text__partners\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Funded by:<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner__img\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"216\" src=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/RBC-new-300x216.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/RBC-new-300x216.png 300w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/RBC-new.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Additional loan financing from:<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner__img\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"216\" src=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/bdc-black-300x216.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/bdc-black-300x216.png 300w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/bdc-black.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a id=\"header-block-button\" href=\"#form\" class=\"button header-with-image__text__button\" target=\"\">\n\t\t\t\t\t\t\t\tReady to learn more?\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"header-with-image__image\">\n\t\t\t\t\t\t<div class=\"aspect-ratio-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/Keon-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/Keon-1024x683.jpg 1024w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/Keon-300x200.jpg 300w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/Keon-768x512.jpg 768w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/Keon-1536x1025.jpg 1536w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/Keon-2048x1366.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"header-with-image__image__partners\">\n\t\t\t\t\t\t\t\t<svg class=\"hero__image__partners__lower-left\" width=\"75\" height=\"91\" viewBox=\"0 0 75 91\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M74.9999 0.849579V91H0.150635C62.7611 91 74.9897 51.9407 74.9897 26.0428V1.84311C74.9897 1.51123 74.9931 1.18004 74.9999 0.849579Z\" fill=\"#EFF5E7\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Funded by:<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner__img\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"216\" src=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/RBC-new-300x216.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/RBC-new-300x216.png 300w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/RBC-new.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Additional loan financing from:<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"partner__img\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"216\" src=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/bdc-black-300x216.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/bdc-black-300x216.png 300w, https:\/\/futurpreneur.ca\/wp-content\/uploads\/2024\/04\/bdc-black.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg class=\"hero__image__partners__upper-right\" width=\"107\" height=\"87\" viewBox=\"0 0 107 87\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t\t\t<path d=\"M0 86.1095C69.5777 83.8225 106.799 71.0731 106.799 0L106.799 86.1095H0Z\" fill=\"#EFF5E7\"\/>\n\t\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"main-grid__margin\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t<!-- Header with Video -->\n\t\t\t<\/section>\n\n\n\n\t<section class=\"alignfull program-sub-nav-block\" aria-labelledby=\"program-sub-nav-block-title\">\n\t\t<div class=\"main-grid\">\n\t\t\t<div class=\"main-grid__margin\"><\/div>\n\t\t\t<div class=\"main-grid__body program-sub-nav\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/futurpreneur.ca\/en\/offering\/black-entrepreneur-startup\/\" class=\"button \">\n\t\t\t\t\t\tAbout\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/futurpreneur.ca\/en\/offering\/black-entrepreneur-startup\/follow-on-financing\/\" class=\"button active\">\n\t\t\t\t\t\t\tFollow-on financing\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"main-grid__margin\"><\/div>\n\t\t<\/div>\n\t<\/section>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:45%\">\n<h2 class=\"wp-block-heading\">Fuel your growth with follow-on financing!<\/h2>\n\n\n\n<p>If you\u2019ve 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!<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Starting a business comes with many challenges, especially for Black entrepreneurs navigating access to funding. The follow-on loan we received from Futurpreneur made a significant difference, giving us the confidence, and resources to continue growing Blessinglicious.<br>&#8211;<strong>Blessing Alasan, Blessinglicious |Scarborough, Ontario<\/strong><\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:45%\">\n<h3 class=\"wp-block-heading\">Eligibility Criteria:<\/h3>\n\n\n\n<p><strong>Are you eligible for an additional BESP loan?<\/strong><\/p>\n\n\n\n<p>See the top-level criteria you have to meet to be eligible or check out our <a href=\"https:\/\/futurpreneur.ca\/en\/faq\/#besp-faq\" target=\"_blank\" rel=\"noreferrer noopener\">FAQ<\/a> for more information.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:55%\">\n<ul class=\"wp-block-list\">\n<li><strong>Loan status<\/strong>: You received your initial Black Entrepreneur Startup Program (BESP) loan 24\u201348 months ago, with up-to-date payments and a good repayment history (no active\/recent restructuring).<\/li>\n\n\n\n<li><strong>Business continuity<\/strong>: Your business must be the same (name changes may be accepted), not dissolved, and under the same ownership.<\/li>\n\n\n\n<li><strong>Operational history: <\/strong>Your business must have launched and operated full-time for at least one year, with one year of actual financial results.<\/li>\n\n\n\n<li><strong>Business documentation:<\/strong> Financial statements, including a Notice of Assessment, are required. Additional documents may be needed.<\/li>\n<\/ul>\n\n\n\n<p><strong>Note:<\/strong> Approval for follow-on financing is not guaranteed. For more information about your eligibility, please contact us at <a href=\"mailto:info@futurpreneur.ca\" target=\"_blank\" rel=\"noreferrer noopener\">info@futurpreneur.ca<\/a> and include <em>Follow-on Financing<\/em> in the subject line.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fuel your growth with follow-on financing! If you\u2019ve 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! Starting a business comes with many challenges, especially for Black entrepreneurs navigating access to funding. The [&hellip;]<\/p>\n","protected":false},"featured_media":0,"parent":198,"menu_order":0,"template":"","offering_category":[],"class_list":["post-11929","offering","type-offering","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/offering\/11929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/offering"}],"about":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/types\/offering"}],"version-history":[{"count":0,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/offering\/11929\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/offering\/198"}],"wp:attachment":[{"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/media?parent=11929"}],"wp:term":[{"taxonomy":"offering_category","embeddable":true,"href":"https:\/\/futurpreneur.ca\/en\/wp-json\/wp\/v2\/offering_category?post=11929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}