Amount:$500,000 Type of Program:Loan Guarantee Description:The Small Business Loan Guarantee Program delivers better financial assistance for the start-up and expansion of small businesses in Nova Scotia by providing them loan guarantees.Credit unions are the only financial provider to offer access to the financing program and they can provide financing up to $500,000 in the form…
Amount:$3,000,000 Type of Program:Loan Guarantee Description:The Fisheries Loan Guarantee Program supports the development of the province’s independent fish harvesting industry by providing a government guarantee on loans through local chartered banks for the construction or purchase of marine vessels and/or to purchase new engines and fishing equipment for the improvement, rebuilding or alteration of existing…
Amount:$150,000.00 Type of Program:Investment, Loan, Loan Guarantee Description:The CBDC First-Time Entrepreneur Loan provides financing of up to $150,000 to new entrepreneurs who live in a rural community in Atlantic Canada. Comments on Funding:Funding is up to $150,000 per eligible borrower.The loans are repayable and have competitive interest rates and repayment terms. Financing may be term or…
Amount:$75,000.00 Type of Program:Loan & Loan Guarantee Description:The Livestock Incentive Loan Program provides loans to financial institutions for New Brunswick farmers purchasing and raising livestock. It also provides guarantees to financial institutions for approved livestock purchases. Comments on Funding:Funding takes the form of loans of up to $75,000.The program guarantees up to 90% of loan, at…
Amount:No Fixed Amount Type of Program:Loan Guarantee Description:The Department of Agriculture, Aquaculture and Fisheries (DAAF) provides loan guarantees to promote development of the agriculture sector as a complementary lender. Clients interested in a DAAF loan guarantee must first seek financing from a private lender.Comments on Funding:There is a loan guarantee fee of 1.5 % of…
