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Futurpreneur Canada

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CDFI for startup funding and term loansOntarioServes Canadian businesses; availability varies by program and province
BBLL 000107Listed Oct 2026From public recordsLast checked Oct 31, 2026
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About

Futurpreneur combines startup loans with mentorship for eligible Canadian entrepreneurs aged 18–39. The advertised C$75,000 combines separate Futurpreneur and BDC loans with different pricing and prepayment terms.

CDFI. Mission driven lender serving businesses banks often overlook.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Startup fundingTerm loans
From the lender's own site and public records.

A second look at Futurpreneur Canada

Futurpreneur combines startup loans with mentorship for eligible Canadian entrepreneurs aged 18–39. The advertised C$75,000 combines separate Futurpreneur and BDC loans with different pricing and prepayment terms.

Futurpreneur provides its own startup loan and works with BDC for additional financing. This is repayable financing, not a grant or equity investment.

Published by Levr, not by Futurpreneur Canada. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Startup financing — Futurpreneur portion

Amount
C$5,000–C$25,000 per business; subject to approval.
Eligibility
Canadian citizen or permanent resident living in Canada, aged 18–39, relevant experience, and eligible owners controlling more than 50%. Complete business plan and cash-flow forecast required.
Business stage
General eligibility page permits pre-launch or up to 24 months full-time operations; product FAQ retains narrower less-than-one-year significant-sales wording. Confirm your stage directly.
Term
Five years; first year interest-only, followed by equal monthly principal plus interest over four years.
Interest
RBC prime plus 3%; product page specifies a 9% cap when prime exceeds 6%, but rate becomes prime if prime exceeds 9%. Confirm current quoted rate.
Fees and early payoff
One-time 1% management fee at disbursement; no early-repayment penalty.
Mentorship
Up to two years mentorship accompanies financing; not offered separately.

Provider sources: Startup program terms · Eligibility · Startup FAQ

Additional BDC startup financing

Amount and term
Up to C$50,000 additional financing over five years; separate BDC approval and conditions.
Interest
BDC floating base rate plus 1.65%, as published on Futurpreneur’s program page.
Repayment
First year interest-only from loan authorization date.
Fees and prepayment
C$50 processing fee deducted initially. Early principal repayment generally includes accrued interest plus three months interest indemnity; an annual anniversary allowance permits 15% of outstanding principal without indemnity.

Provider sources: BDC component terms on official program page

When it may fit

Our assessment of the published programs

  • Potential fit for eligible younger founders seeking startup or business-purchase financing with ongoing mentorship.

What to weigh carefully

  • Collateral-free does not establish freedom from personal repayment liability; clarify borrower and guarantor obligations.
  • A hard personal credit inquiry is required; this differs from soft-check prequalification at some commercial lenders.
  • Proceeds cannot refinance existing debt. Exclusions include gambling, recreational cannabis/tobacco and many financial-services businesses; consult the full list.
  • Futurpreneur and BDC have different approval and prepayment rules.

Questions before you accept an offer

  1. Does my startup stage qualify under the current program?
  2. Which owners must apply, and who is personally responsible?
  3. How is the approved amount split between Futurpreneur and BDC?
  4. What are both loans’ payments, fees and early-payoff amounts?
  5. What mentorship commitments and business-use restrictions apply?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

BDC

Compare BDC’s separate programs if business maturity or financing needs differ; do not assume its standard loan criteria match the Futurpreneur partnership.

ATB Financial

Explore ATB where eligible for a startup or business acquisition, comparing security and repayment conditions.

The lender

Type
CDFI
Legal name
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Founded
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Charter
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Headquarters
Ontario
Service area
Serves Canadian businesses; availability varies by program and province
Meets in person
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Languages
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Program approvals
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Also lends to consumers
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Website
futurpreneur.ca
LinkedIn
Company page

Loan officers at this lender

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