Frequently Asked Questions

If you have questions about our financing, eligibility requirements and applying to our Start-Up Program, please read through the answers below.

No, we offer strictly collateral-free loans supplemented by our mentorship program.


Futurpreneur offers collateral-free start-up loans at a better interest rate than most banks. We are able to finance up to $20,000 per business (the minimum amount is $5,000). If you need additional funding, BDC, our partner for this program, may provide up to an additional $40,000.

Applicants only need to apply once for both financing options on the Futurpreneur website.

Our start-up offer includes funding along with two years of expert mentoring support so you can start your business with your best foot forward.

The loan is repayable over 5 years with interest-only payments required in the first year.

You can repay the Futurpreneur portion of the loan early, at no additional cost.


Yes, Futurpreneur offers a “side-hustle” program dedicated to part-time entrepreneurs who want to start a business while retaining their full-time jobs.

This offer consists of a three-year repayable loan of up to $15,000, supplemented by two years of mentoring. Learn more about our Side Hustle Program.


No, we do not offer a coaching service.

Financing from Futurpreneur is accompanied by our industry-leading mentorship program. Once a loan is disbursed, entrepreneurs are matched with an experienced volunteer entrepreneurship mentor who guides them for about 3 – 5 hours per month for up to 2 years.

Mentors provide business advice, support, active listening and encouragement to help entrepreneurs stay focused on what really matters for their business success.


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.


Futurpreneur does not offer a business plan writing service, but we do have several free tools available to guide you on our website:

• The business plan writer, a free tool that walks you through the basic steps of creating a business plan, including a step-by-step cash flow template for you to complete. It includes tips & tricks and detailed examples to guide you as you write.

• We also provide examples of business plans and financial documents. On this page, under More Resources, see Financial Templates and Business Plan Examples.

• Finally, we also offer examples of best-in-class business plans, crash courses in everything from financials to operations, and practical guides on everything from exports to managing your cash flow.

Note: As part of your funding application, you can request help finalizing your business plan. When applying for funding, please indicate on the application form that you would like this support.


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 Start-up Program and secure financing, your company must be in the pre-start-up or start-up stage (i.e., beyond the Idea or R&D phase).

• By pre-start-up, Futurpreneur means the company is in the process of launching and will make its first sales ideally within the next few months.

• By start-up, 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.


Our start-up 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.


Yes, you are still eligible to apply provided you own a majority of the company–that is, you own at least 51% of the voting shares. However, please note that your partner will not appear on the application for your loan. You will, therefore, be solely responsible for the loan and its repayment.


No, you must have obtained permanent resident status in order to apply for financing and mentoring at Futurpreneur.


Yes, Futurpreneur verifies each applicant’s personal credit score and, if applicable, that of their associates, i.e., those under the age of 40 and permanent residents or Canadian citizens and who own more than 5% of the company’s shares.

Credit checks are conducted with the permission of the interested parties.

Note: The use of a guarantor is not possible.


No, the loan cannot be used to pay off a pre-existing debt. Nor can it be used as a down payment to secure other loans. However, the loan may be in addition to other sources of financing.


Here’s how to apply for a loan:

• Go to https://www.futurpreneur.ca/en/ and register as a new entrepreneur by clicking > register/login > application portal > register as an entrepreneur

• You’ll receive an automatic email asking you to confirm your email address and continue your request (click on the link). If you don’t receive the confirmation email, check your spam folder.

• You will then be able to fill out the form and upload the required documents, which include:

– a completed business plan

– financial forecasts for the next two years and a month-by-month breakdown

– Government ID (passport or driver’s license)

 

Note: All of the required documents must be uploaded for your application to be processed.

• The analyst in charge of your file will then contact you to go over your application and advise you of the next steps.

• The average processing time for loan applications to be approved is 4 to 6 weeks.


Partners who are eligible for the program (under the age of 40 and a permanent resident or Canadian citizen) who own more than 5% of the company’s shares must appear on the application for a loan.

Please note: You only need to apply once per project. When you register, you will be asked if you have any associates. If this is the case, you will need to answer “yes” and provide your or your associates’ contact information. They will then receive an automatic email inviting them to join the application. They can then complete the form and provide the appropriate documentation.


Please access the application portal using a computer. The platform is not compatible with mobile devices such as cell phones or tablets.

The portal functions best using the Chrome browser.

If the problem persists, please contact the portal platform’s technical support service: portalbugs@futurpreneur.ca.

Provide your name, the nature of your problem and, if necessary, attach a screen capture of the error message you received.