Futurpreneur Canada Startup Program

Futurpreneur Canada Startup Program is sponsored by Futurpreneur Canada (with BDC). This program offers collateral-free loans and mentorship for young entrepreneurs aged 18-39 to launch or buy a business. Funding covers startup costs including inventory, equipment, marketing, and working capital.

BDC Web referral – Futurpreneur 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. 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? 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! A flexible equity-free startup business loan of up to $75,000.

With up to $50,000 in additional financing opportunities from BDC*. Receive up to two years of 1:1 hand-matched mentorship. From our Rock My Business Plank workshop series to our various business planning tools, gain access to the resources you need to succeed.

Engage with a national network of entrepreneurs, leaders, and community organizations at a range of entrepreneurial events. 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 here You 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.

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?

Alternatively, if your complete business plan and 24 month cash flow are ready for submission to Futurpreneur, click here to get started! " * " indicates required fields In addition to our core startup programs, we have tailored programs for Black and Indigenous entrepreneurs.

Please let us know if you would be eligible for these programs: I confirm that I am age 18-39 * Please note to be eligible for a Futurpreneur loan with mentorship you must submit your full application (including business plan and cash flow) before your 40th birthday. I acknowledge it will take time to process my application * We appreciate your patience as we process a high volume of applications.

After you submit your application on our portal, MyFP, we’ll contact you within 5–10 business days.

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