LAUNCH OR GROW YOUR SIDE HUSTLE
Our Side Hustle Program offers you up to $15,000 in financing to help you launch or grow your side business and keep your full-time job. As well, you can benefit from mentoring and business planning tools to help you grow your side hustle and take it to the next level.
Sign up for more information
Learn more from an established Side Hustler
What products or services do you offer?
Board games – I’m also currently working on an offer of fun products other than board games for next year. Mid-November, I’ll be launching an entrepreneurial consulting service.
The launch of my business was in its final stage, manufacturing the product, and it was thanks to the loan that I was able to fulfil my dream of seeing my board game hit the store shelves!
Kevin Bouchard, founder of Viviludi.
What made you decide to start your own side hustle?
Wanting to be my own boss, wanting to be able to make my own decisions, wanting to build a product from scratch. It’s incredibly rewarding to start from a blank page and see your product evolve over time! Wanting to be able to help people like me who want to start their own business, all while being able to do a job that I love. This experience even opens the doors to intrapreneurship as part of my professional experience.
How was the experience with Futurpreneur?
Really great! The support made getting started with the process very easy, they made me feel confident from the start! The mentor really helped me a lot regarding alignment and what to consider before making a decision. Even though I wanted a mentor for my one product in the first place, he was also able to guide me through the different service/product offerings I wanted to develop. This experience was very rewarding and even gave me the desire to share my knowledge through the entrepreneurial consulting service I will be launching. I also had the chance to become a mentor in my own right as part of my professional experience.
Our offering
Whether you’re an established side hustler or looking to launch a new side business, Futurpreneur can help you reach your goals.
Are you eligible?
Click here to learn more about Futurpreneur’s general eligibility requirements.
See full eligibility criteria hereYou must be a Canadian citizen or permanent resident of Canada
You must physically reside in Canada.
You are between the ages of 18-39
At the time of your application you must be within the stated age range in order to be eligible.
You have a full time income outside of your side business
For the next 12 months, your side business will remain your secondary source of income.
Financing terms & fees
Futurpreneur Repayment Terms & Fees
- Up to $15,000 with a term over four 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 installments 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?
Sign up here to get connected with a dedicated team member to learn more about Futurpreneur’s loan with mentorship and resources.
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