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Financing Programs for Equity-Seeking Groups

Deadline to Apply: Ongoing

 

Eligibility Requirements:

  1. You must self-identify as Indigenous: Indigenous entrepreneurs who self-identify as members of other communities are also welcome to apply for support from Futurpreneur

  2. You must be a Canadian Citizen or Permanent Resident aged 18 - 39: When you apply you must be within the stated age range in order to be eligible

  3. You are looking to launch a business or have been operating your business for less than one year: In order to be eligible, your business must not yet be operational or can only have been operating full time for 12 months or less 

  4. Other Entrepreneur and Startup Business requirements here: https://futurpreneur.ca/en/eligibility/ 

 

Program Benefits: 

  1. Inclusive financing: A flexible equity-free startup business loan of up to $60,000* available to Indigenous entrepreneurs (including those on reserve). *conditions apply

  2. Mentorship: Receive up to two years of 1:1 mentorship from an experienced business leader

  3. Resources: From Futurpreneur’s Ohpikiwin workshop series, designed to strengthen financial empowerment through an Indigenous lens, to our helpful business planning workshops and tools

  4. Networking opportunities: Engage with a national network of Indigenous entrepreneurs, leaders and Indigenous-led community organizations at a range of entrepreneurial events

 

Supporting Documents:

  • Not indicated

Learn More Here

Deadline to Apply: Ongoing

 

Eligibility Requirements:

  1. You must self-identify as Black: To participate in this program, participants must self-identify as Black. Intersectionality is also welcomed eg. those who identify as Black and Indigenous are also welcome to apply

  2. You must be a Canadian Citizen or Permanent Resident aged 18 - 39: You must physically reside in Canada and be between the ages of 18 and 39 at the time of application

  3. You are looking to launch a business or have been operating your business for less than one year: In order to be eligible, your business must not yet be operational or can only have been operating full time for 12 months or less

  4. The business must be majority Black-owned: When there are only two partners (owners) of the applicant business, the business must be majority Black-owned (> 50%). When there are more than two partners (owners), the business must be at least 25% Black-owned (≥25%)

  5. Other Entrepreneur and Startup Business requirements here: https://futurpreneur.ca/en/eligibility/ 

 

Program Benefits: 

  1. Inclusive financing: A flexible startup business loan of up to $60,000*. With up to $40,000 in additional financing opportunities from RBC* *some conditions apply

  2. Mentorship: Access to free mentoring (up to two years)

  3. Networking opportunities: Benefit from a Canada-wide network of Black entrepreneurs

  4. Resources: Business planning tools and resources

 

Supporting Documents:

  • Not indicated

Learn More Here

Deadline to Apply: Not indicated

 

Eligibility Requirements:

  • At least 18 years old

  • Identify as black 

  • At minimum, a Permanent Resident of Canada 

 

Business Ownership: 

  • Eligible Businesses must be majority black-owner 

  • Where there are multiple shareholders: majority shareholdings and voting rights are to favour a black majority of no less than 51% 

 

Eligible Business Types:

  • Sole-Traders

  • Corporations (Ltd, Inc)

  • Partnerships (limited & non-limited)

 

Program Benefits: 

  • Micro Loan Program: $10,0000 to $25,000

  • Macro Loan Program: $25,000 to $250,000

 

Supporting Documents:

  • Detailed business plan

  • Up-to-date historical financial statements showing the Balance Sheet and Income Statement

  • Two to three-year financial projections

  • Up-to-date tax return for the business (T2 Income Tax Return) and business owner (T1 Income Tax Return) with Notice of Assessments 

  • Personal Statement of Affairs

  • Government-issued Photo ID

  • Business Certificate of incorporation/registration 

Learn More Here

Deadline to Apply: Ongoing

 

Eligibility Requirements:

  1. You have lived in Canada for less than 60 months: to participate in this offering, participants have lived in Canada less than 60 months from the application processing date

  2. You must be a Canadian Citizen or Permanent Resident: to participate in this offering, participants must be Canadian citizens or permanent residents of Canada

  3. You must have limited or no established credit history: to participate in this offering, participants must have limited or no established credit history in Canada

  4. You must have the required documentation: to participate in this offering, participants must have a social insurance number (SIN) that does not begin with a “9”. Participants must provide two character-based references with one from a Canadian citizen

  5. Other Entrepreneur and Startup Business requirements here: https://futurpreneur.ca/en/eligibility/ 

 

Program Benefits: 

  1. Inclusive financing: A flexible startup business loan of up to $25,000, of that, $12,500 is financed by Futurpreneur and $12,500 is financed by BDC *conditions apply

  2. Mentorship: Receive up to two years of one-on-one mentorship from an experienced business leader

  3. Resources: From our Rock My Business workshop series to our various business planning tools, gain access to the resources you need to succeed

  4. Networking opportunities: Engage with a national network of entrepreneurs, leaders and community organizations at a range of entrepreneurial events

 

Supporting Documents:

  • Participants must provide two character-based references with one from a Canadian citizen

Learn More Here

Deadline to Apply: Ongoing

 

Eligibility Requirements:

  • You must be an immigrant and a Permanent Resident, Protected Person, Convention Refugee, Provincial Nominee, or a Canadian Citizen 

  • Loan applicants must have one of the immigration statuses listed above

  • Unfortunately, international students, live-in caregivers, and refugee claimants are not eligible for a loan

  • You must be an internationally-trained immigrant requiring licensing, re-training or relocation to achieve your career goals 

  • You must be currently living in Canada 

  • You must not have an undischarged bankruptcy 

 

Program Benefits: 

  • Loans up to $15,000 

  • Fixed low-interest rate as low as 6.7%

  • Zero loan processing fees

  • One-on-one coaching to support you on your career path 

  • Career and educational resource supports 

  • Financial planning and budgeting tools 

  • The Windmill Mentorship Program

  • Exclusive access to their Community Success Hub 

 

The Windmill loans may be used to fund your Career Success Plan, which could include:

  • Education and training programs of two years or less, including courses to help you advance your career

  • Fees for licensing and qualifying exams

  • Living allowance to support you during your training, licensing, or relocation

  • Credentials assessments (e.g. WES, ICAS, IQAS, or MIFI)

  • English or French language training

  • Relocation costs for employment

  • Travel expenses to take courses or exams not available in your area

  • Books, course materials, and work equipment

  • Professional association fees

*Note that we cannot provide loans for business start-up costs.

 

Supporting Documents:

  • Immigration documents to confirm your immigration status

  • Prior Training/Education documents to verify your education history

  • Evidence of the educational program you plan to take e.g. admission/ registration/ enrollment letter

  • Banking information for the funds to be deposited

  • Government-Issued Photo ID to confirm your identity

  • Proof of Address

  • Photograph of yourself holding your government-issued photo ID to further verify your identity

  • Resume (recommended)

Learn More Here

Deadline to Apply: Ongoing

 

Eligibility Requirements:

  1. You must be enrolled at a post-secondary institution: to participate in this offering, participants must be enrolled full-time on campus or online, at a Canadian institution. If two part-time graduating students are applying as a partnership or incorporation, they are also eligible

  2. You must be in your graduating year: to participate in this offering, participants must be in their graduating year of a post-secondary program

  3. You must provide documentation: to participate in this offering, participants must provide documentation from their school to verify enrollment and year of graduation, such as a transcript or official letter from the Registrar

  4. Other Entrepreneur and Startup Business requirements here: https://futurpreneur.ca/en/eligibility/ 

 

Program Benefits: 

  1. Inclusive financing: A flexible startup business loan of up to $60,000, of that, $20,000 is financed by Futurpreneur and $40,000 is financed by BDC *conditions apply

  2. Mentorship: Receive up to two years of one-on-one mentorship from an experienced business leader

  3. Resources: From our Rock My Business workshop series to our various business planning tools, gain access to the resources you need to succeed

  4. Networking opportunities: Engage with a national network of entrepreneurs, leaders, and community organizations at a range of entrepreneurial events

 

Supporting Documents:

  • Participants must provide documentation from their school to verify enrollment and year of graduation, such as a transcript or official letter from the Registrar

Learn More Here
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