Launch or grow your side hustle without quitting your job
One-in-three working Canadians are managing their own side business.1 Whether you’re an established side-hustler or looking to launch a new side business, Futurpreneur can help you reach your goals. Grow your side business at your own pace with the Futurpreneur Side Hustle program, sponsored by TD Bank Group. Our program offers collateral-free loans of up to $15,000 and pairs you up with a dedicated mentor, offering tailored support and guidance. Sign up to connect with your dedicated Futurpreneur team member in your city and get started on your entrepreneurship journey.
Grant Deadline
Deadline not available
Funding Amount
$15,000
Type of Grant
Loans
Sectors
All Sectors
Demographics
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
Grants to start a new business
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
- Demonstrate that you have a source of sustainable, full-time income outside of the business (either personal income or from a member of your household), with disposable income sufficient to service the loan re-payments and any outstanding household debt.
- Agree to work with a mentor for up to two years (4 to 5 hours a month).
- Complete and provide all required documentation by the end of the application process.
- Assure there is no intention of converting side business to full-time operations within the next 12 months. If you plan on turning your existing side business full-time, you might be eligible for our Start-up Program.
- Agree to provide authorization for Futurpreneur Canada to carry out a credit check.
- Assure that the business is NOT in the research and development stage.
- Assure that financing proceeds may not be used for refinancing existing debt.
- A side business must fall within specified industry guidelines in order to be approved for financing. Examples of businesses which do not meet Futurpreneur industry guidelines include: businesses that are sexually exploitive or that feature sexually explicit entertainment, products or services; businesses that are engaged in or associated with illegal activities; businesses trading in countries that are proscribed by the Canadian federal government; and any other commercial activities inappropriate for government funding. For more details on Futurpreneur industry eligibility, click here.
- Demonstrate that you have been discharged from bankruptcy for at least five years or one year after receipt of a Certificate of Full Performance in the case of a Consumer Proposal.
- Any age eligible entrepreneur (18-39 years old) who owns 5% or less of the business does not need to be party to Futurpreneur Canada.
For information on businesses not eligible for Futurpreneur Canada financing please click here.
Approval for financing is also dependent on an applicant successfully meeting credit score minimums determined by Futurpreneur.
Grant Application website
https://www.futurpreneur.ca/en/get-started/side-hustle/
Contact
Alberta
6425 112 Ave NW #210,
Edmonton, AB
T5J 1A1
780 860 5027
Atlantic
(Serving New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland Labrador)
2000 Barrington St Suite 1400,
Halifax, NS B3J 3K1
1 800 464 2923 ext 3895
British Columbia
(Serving British Columbia and the Yukon)
2015 Main Street
Vancouver, BC V5T 3C2
604 598 2923
Manitoba
(Serving Manitoba, Northwest Territories, Nunavut and Saskatchewan)
441-100 Innovation Drive,
Winnipeg MB, R3T 6G2
204 296 2694
Ontario
33 Yonge St,
Suite 1100
Toronto, ON M5E 1G4
416 408 2923
Québec
5605, avenue De Gaspé, bureau 402
Montréal (Québec) H2T 2A4
514 225 7035