$75K

Starting a business in Canada

Need money to start your business?

Futurpreneur is a national non-profit organization that helps people aged 18–39 start or buy a business with loan financing, mentorship and business support.

See what it offers→

01 · At a glance

What Futurpreneur offers

Ages 18–39Age requirement

Up to $75KLoan financing

Up to 2 yrsMentorship

No collateralRequired

Futurpreneur combines startup financing, mentorship and business support in one program.

02 · Why Futurpreneur?

Why not just get a regular business loan?

You can. Futurpreneur is simply different because it is specifically designed for young entrepreneurs starting a business.

Regular business loan Futurpreneur

Loan financing Loan + mentorship

Eligibility depends on the lender Designed for eligible entrepreneurs aged 18–39

Collateral may be required No collateral required

Is Futurpreneur always better?

No.

Compare Futurpreneur with other business loans and choose what fits your situation best.

$75K maximum total financing

03 · The money

Where does the $75,000 come from?

The maximum is made up of two possible pieces.

Up to $25K Futurpreneur financing

Up to $50K Additional BDC financing

What is BDC?

BDC stands for Business Development Bank of Canada. It is a Crown corporation and a bank focused on Canadian entrepreneurs. Through Futurpreneur, eligible applicants can be considered for up to $50,000 in additional BDC financing. BDC has its own approval requirements. About BDC ↗

04 · Could you qualify?

Start with four simple questions.

If these sound like you, the program is worth exploring further.

✓

Are you 18 to 39?

✓

Are you a Canadian citizen or permanent resident living in Canada?

✓

Are you planning to start or buy a business in Canada?

✓

Is the business not yet operating, or operating full time for 24 months or less?

More eligibility requirements

You need relevant training or experience related to the business idea.
You must complete a viable business plan and cash flow by the end of the application process.
Futurpreneur requires authorization for a personal credit check.
Together, eligible applicants must represent more than 50% controlling ownership of the business.
The business must be registered and operate in Canada, with business revenue deposited into a Canadian business bank account.
Loan proceeds cannot be used to refinance existing debt, and taxes must be up to date.
Some business types are not eligible under Futurpreneur's rules.

See Futurpreneur's full eligibility criteria ↗

05 · How it works

From idea to application.

Have a business idea

Know what business you want to start or buy and how it will make money.

Check your eligibility

Make sure you meet the main age, residency, ownership and business-stage requirements.

Prepare your business plan

Explain what your business does, who your customers are and how you plan to operate it.

Build a 24-month cash flow

Estimate the money coming in and going out each month for the next two years.

Apply and get reviewed

Submit your application and documents so Futurpreneur can review your business and financing request.

If approved: financing and mentorship

If approved, you receive your loan terms and take part in Futurpreneur's mentorship program.

06 · Real experiences

What others say about the program

View feedback

“I found the whole experience very positive... we were able to learn a lot more about business and marketing.”

Positive experience Reddit community experience Source ↗

“The help they provided in securing financing to startup was invaluable, but when it came to our mentor, we ended up with a dud.”

Mixed experience Reddit community experience Source ↗

Experiences are individual and results can vary. These comments are personal experiences, not guarantees of what every applicant will receive.

07 · Quick answers

The questions beginners actually ask.

Is the $75,000 free money?

No. It is loan financing and has to be repaid.

Does everyone get $75,000?

$75,000 is the maximum potential financing, not an automatic amount.

What is the interest rate?

Futurpreneur CIBC Prime + 3% (current Futurpreneur cap rules apply)

BDC BDC current floating base rate + 1.65%

Do I need collateral?

Futurpreneur's core startup financing is collateral-free.

Do I get a mentor?

The core program includes up to two years of mentorship.

How long do I have to repay the loan?

Current Futurpreneur and BDC terms are structured over five years, First year: Pay interest only.
After that: Repay the loan amount + interest over the remaining years.

Are there any fees?

Futurpreneur currently charges a one-time management fee equal to 1% of its loan amount at disbursement. BDC currently deducts a $50 processing fee from its initial loan disbursement.

About INDRA

About Indra

I create clear, practical money guides designed to make complex topics easier to understand.

Mission

Make money topics easier to understand.

To make money topics easier to understand through clear, practical explanations.

Vision

Build confidence around money.

To help people build the confidence to understand money and make better financial decisions.

Before you apply

Check. Compare. Then decide.

Read the official rules, understand the loan, compare other financing options, and prepare your business plan and cash flow.

Core Startup Program↗ Full eligibility ↗

INDRA

Fact-checked against Futurpreneur's official Core Startup Program and eligibility pages on August 28, 2026. Program details can change. Educational content only.

About INDRA