No Fixed Amount
Type of Program:
The Licence Loan Program provides funding to eligible independent fishers to purchase a fishing licence or licence and associated gear.
Comments on Funding:
Required deposit for a new entrant licence only or licence and associated gear loan is a minimum of 5%.
Required deposit for a new species licence only or licence and associated gear loan is a minimum of 10%.
A personal guarantee is taken on all loans.
All loans are subject to an Administration Fee, a Mortgage Registration Fee and/or Personal Property Registration Fee (PPR).
Interest rate is set quarterly but is fixed for term of loan.
When It Ends:
The applicant must:
The applicant must submit: