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Aquaculture Loan Program

  • This program is currently closed.

Amount:

No Fixed Amount

Type of Program:

Loan


Description:

The Aquaculture Loan Program provides loans to develop and sustain aquaculture for finfish, shellfish and seaplants.

Financing is available for: salmonoid seed stock, shellfish seed/spat, collection materials, grow-out equipment and materials, rafts, buoys, floatation devices, anchors, nets, cages for finfish grow-out, small boats, outboard motors and onboard gear handling devices and purchase of existing operations.

Comments on Funding:

Minimum deposit is 10% of requested loan amount.
Security: Chattel mortgage on equipment. Promissory note, personal guarantee and insurance on gear.
All loans are subject to an Administration Fee and a Personal Property Registration (PPR) Fee.
Interest rate is set quarterly but is fixed for term of loan.
 


When It Ends:

Closed

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • be a Canadian citizen or a registered Nova Scotian company in good standing,
  • show evidence of competency in aquaculture.

Other Things to Note:

The same program as Aquaculture Loan.

Program Contact:

Aquaculture Loan Program

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