Futurpreneur Canada Financing

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Futurpreneur Canada Financing

Post by N Coughlin (Admin) on Wed Dec 14, 2016 8:52 am

Futurpreneur Canada makes it easier for aspiring young business owners to secure financing. And they’ve partnered with the Business Development Bank of Canada (BDC) to extend their support to you even further.

They offer collateral-free loans at better interest rates than most banks.They’re able to finance up to $15,000 per business. If you need more money, BDC may provide up to $30,000.

Futurpreneur Canada Repayment Terms & Fees

Up to $15,000 with a term over five years.
Interest is charged at CIBC’s prime rate + 3%.
Interest-only payments for the first year.
Principal repayments are made in equal monthly instalments together with interest, over the remaining four years.
No penalty for early repayment.
Program registration fee of $50.
A $15 program fee is charged monthly for the duration of your loan, added to your monthly repayment installment.


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