Are you between 18-39 of age, and need financing (not grants) for your startup? Well, there is a program run by Business Development Canada (BDC) and Futurpreneur that is accepting applications. This program is targeted towards young entrepreneurs.

 

Under this program, if your application has been accepted, you will be eligible for a collateral-free loan of up to CAD 60,000 with better interest rates and two years of expert mentorship.

The loans are offered by both agencies.

The first 20k comes from Futurpreneur under the following conditions:

 

If this financing is not sufficient, the BDC will come up with up to 40k. Their conditions are:

 

What you have to do:

 

For more information and application information:

Financing + Mentoring – Futurpreneur Canada

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