Futurpreneur Canada Side Hustle
Grow your side hustle with up to $25,000 in equity-free financing. This is a repayable loan with a 1% management fee and interest capped at 9% for Canadians aged 18 to 39 who keep their full-time job. Verified against the official source on July 2, 2026.
How we verify funding records →
“Our Side Hustle Program offers you up to $25,000 in financing to help you launch or grow your side business and keep your full-time job.”
Before you spend a dollar
Confirm on the official page if there are specific processing times or seasonal delays for loan disbursement.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You are a Canadian citizen or permanent resident between 18 and 39 years old.
- You have a full-time job or income source outside this business and plan to keep it for at least 12 months.
- You want to fund your side business without giving up equity or ownership.
Probably not the right fit if
- You are 40 years old or older when you apply.
- You do not have a full-time income source outside of this business.
- You cannot provide a full business plan and a 24-month cash flow projection.
How much you'd realistically get
Up to $25,000 depending on your business plan and cash flow projections.
What may be supported
- Starting a new side business
- Growing an existing side business
- Purchasing equipment or inventory for a side business
How applying works
Effort: moderateYou must prepare a full business plan and a 24-month cash flow projection before applying.
- 01Submit the signup form with your name contact info province city and language preference.
- 02A team member will contact you to guide you through the process.
- 03Prepare a full business plan and a 24-month cash flow projection.
- 04Submit your complete application via the online portal at route.futurpreneur.ca.
- 05Wait for review and approval from Futurpreneur.
Who to ask: Contact form at futurpreneur.ca/contact/
Documents commonly required
- Full business plan
- 24-month cash flow projection
- Proof of age and residency (Canadian citizen or permanent resident)
- Proof of full-time income outside the side business
How BBN Labs helps
- BBN builds your professional website and online store, giving your side hustle a credible digital storefront that works while you keep your day job.
- BBN designs your brand identity so your side hustle looks credible from day one, while the loan covers your equipment and inventory purchases.
- BBN sets up Local SEO and your Google Business Profile so local customers find you, turning your side business into a visible, trusted brand in your community.
- BBN implements online ordering and booking systems to automate customer interactions, helping you grow sales efficiently without trading away equity.
- BBN guides you through the application process and deadlines so you don't lose the funding.
What to know before you count on it
- This is a loan that must be repaid with interest at CIBC prime rate plus 3% (capped at 9% maximum).
- A one-time 1% loan management fee is charged at disbursement.
- You must maintain a full-time job outside the business for the first 12 months.
- Repayment starts with interest-only payments in year one then shifts to principal and interest over the remaining four years.
What are your odds?
Approval depends on the strength of your business plan and cash flow projections as reviewed by Futurpreneur.
Frequently asked questions
Do I have to give up ownership of my business?
No. This is an equity-free loan. You retain full ownership.
What is the interest rate?
Interest is charged at CIBC's prime rate plus 3% with a maximum cap of 9%.
How do I repay the loan?
You make interest-only payments for the first year then repay the principal in equal monthly installments over the remaining four years.
Is there a fee?
Yes. A one-time 1% loan management fee is charged at disbursement.
What you can combine it with
This loan is independent of government grants but may affect eligibility for other debt-based programs.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated June 20, 2026; last verified July 2, 2026 against the official source. Source: official program page.