Open
Last Update: March 4, 2026
Funding available
$ 15,000
Timeline
- Open continuously
Location
Canada
Overview
A flexible loan of up to $25,000 helps launch or buy a side business. It includes up to two years of mentorship and business planning resources for eligible entrepreneurs.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
- Launch or market a product/service
Eligible Funding
- Maximum amount : 15,000 $
- Up to 3% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
- Youth (<40)
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Launching or growing a side business
- Starting or buying a business while keeping full-time employment
Documents Needed
- Completed business plan
- Financial forecasts for the next two years
- Government ID
Eligibility
Who is eligible?
- Canadian citizens and permanent residents
- Young entrepreneurs aged 18 to 39
- Part-time business owners keeping a full-time job
Who is not eligible
- Applicants under 18 or over 39
- People without Canadian citizenship or permanent residency
- Businesses where the side venture is the main income source
Eligible expenses
This grant supports individuals who are looking to start or grow their side businesses while maintaining full-time employment. Eligible activities focus on providing access to financing, mentorship, and resources essential for business development and growth.
- Launch or expansion of a side business.
- Participation in a mentorship program for business guidance and support.
- Utilization of business planning tools offered by Futurpreneur.
- Engagement in networking opportunities through a Canada-wide entrepreneur network.
Ineligible Costs and Activities
- Pre-existing debt repayment
- Down payments for other loans
Eligible geographic areas
- Canada
Processing and Agreement
- Application reviewed after all required documents are uploaded
- A Futurpreneur analyst contacts the applicant with next steps
- Loan terms are defined in the loan agreement
Additional information
Here are additional relevant details for this grant:
- The mentorship is mandatory and provided as part of the loan package; it is not available separately.
- Access to networking opportunities through a Canada-wide network of entrepreneurs is included.
- Interest-only payments are available for the first year.
- There is no penalty for early repayment of the loan.
- A one-time loan management fee of 1% is charged at the time of disbursement.
- The interest rate is CIBC's prime rate plus 3%, with a cap under certain conditions.
- Free resources are available, such as the "Rock My Business" workshop series, to aid in business planning and development.
Frequently Asked Questions about the Futurpreneur Canada Side Hustle Program
What is the Futurpreneur Canada Side Hustle?
A flexible loan of up to $25,000 helps launch or buy a side business. It includes up to two years of mentorship and business planning resources for eligible entrepreneurs.
How much funding can be received?
Futurpreneur Canada Side Hustle Funds up to 3% of admissible expenses, capped at $15,000 per project.
Who is eligible for the Futurpreneur Canada Side Hustle program?
To be eligible for the Futurpreneur Canada Side Hustle program, you must:
Canadian citizen or permanent resident
Lives in Canada
Ages 18 to 39
What expenses are eligible under Futurpreneur Canada Side Hustle?
Launching or growing a side business
Starting or buying a business while keeping full-time employment
Where is the Futurpreneur Canada Side Hustle available?
The Futurpreneur Canada Side Hustle program is available across Canada.
Is the Futurpreneur Canada Side Hustle a grant, loan, or tax credit?
Futurpreneur Canada Side Hustle is a Partnering and Collaboration
Who are the financial supporters of the Futurpreneur Canada Side Hustle?
Futurpreneur Canada Side Hustle is funded by Futurpreneur Canada