Loans Available to New Brunswick Businesses

The Rooming House Residential Rehabilitation Assistance Program (RRAP) provides financial assistance to owners/landlords for mandatory repairs to rooming houses with bed units that are affordable to low income occupants.

The Residential Rehabilitation Assistance Program (RRAP) for Rental Conversion provides financial assistance to owners/landlords to convert non-residential properties into affordable self-contained rental housing units and/or bed-units to be occupied by low income households.

The Rental Residential Rehabilitation Assistance Program (RRAP) provides financial assistance to owners/landlords for mandatory repairs to self-contained units that are substandard and rented to low income households.

The Department of Agriculture, Aquaculture and Fisheries (DAAF) provides repayable loans to promote the development of the agriculture sector as a complementary lender. Clients interested in a DAAF loan must first seek financing from a private lender. DAAF’s loan program may then be available to help fill the gap between the assistance required and what the client has been approved for privately. New entrants, defined as someone who has owned a farm for five years or less, may be eligible for lower interest rates and equity requirements.

Ignite operates the Impact Loan program for entrepreneurs in the Greater Fredericton Region. The personal loan is between $5,000 and $50,000 in working capital for startups and expansion projects.

The Fisheries Loans provide financial assistance in the form of loans to new or existing commercial fishers for the purchase of fishing licenses, quotas, engines or equipment related to fisheries, new or used vessels or for making major repairs to the hull or engine of a vessel. The Department of Agriculture, Aquaculture and Fisheries (DAAF) acts as a complementary lender, so clients interested in a DAAF loan or loan guarantee must first seek financing from a private lender.

Through Elevate, the Government of Canada will increase commercial tourism investments in Atlantic Canada to $25 million over 2 years (ending March 31, 2026). This repayable initiative, sourced from ACOA’s existing budget, further demonstrates the federal Government’s commitment to investing in the region’s visitor economy, backing up Canada’s Federal Tourism Growth Strategy with real action​.

The Business Scale-up and Productivity helps businesses speed up their growth so they can be more productive, compete on the world stage and reach new markets. Funding can be used to:
1. scale up and expand;
2. make the most of new technologies;
3. improve productivity;
4. create new products and find new markets.

The Business Development Program (BDP) helps entrepreneurs launch, modernize and grow their business in Atlantic Canada.

The Affordable Rental Housing Program provides financial assistance to private entrepreneurs, private non-profit corporations (includes off-reserve Indigenous population), and co-operatives for the construction, rehabilitation, and conversion of rental housing projects.