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Financial Support    Futurpreneur

Futurpreneur

Futurpreneur is a nonprofit national organisation whose mission is to contribute to Canada's economic growth, a young entrepreneur at a time. The organism offers loans for entrepreneurs aged 18 to 39 years, up to $15,000 and at a low interest rate. These loans can be matched with the BDC to reach $45,000 in a single step. The CLD acts as the local partner of Futurpreneur in Brome-Missisquoi.

To be eligible

  • Down payment between 0% and 10%;
  • Good personal credit history;
  • Property: majority of shares held by those aged 18-39 (51% and over);
  • All sectors except:
    • R & D;
    • commission salesman;
    • insurance broker;
    • sexual or religious.

Type of projects

  • Start-up (less than 12 months of significant sales);
  • Acquisition;
  • Expansion (for existing Futurpreneur client).

Type of funding

Financial assistance is provided through a 5 years term loan of $5,000 to $45,000 per company, with a one year without any capital payments The interest rate is based on prime rate, and is from 5,85% to 10%, depending on the amount needed.

Visit the Futurpreneur website for more information or contact Justin Francis.