No Fixed Amount
Type of Program:
Licenses and gear loans allow new fishers to join the industry or established fishers to expand or diversify operations. It is available to new entrants, commercial fishers or clients looking to re-enter the industry.
Comments on Funding:
The Licenses & Gear Loan comes with all the flexibility of other loans. Repayment can be amortized over any period from 1-20 years.
Licenses and Gear loans are primarily secured through a General Security Agreement, where the claim over the licenses is acknowledged by the Licensing department with Fisheries and Oceans Canada.
When It Ends:
Applicants must be:
Applicants must submit a completed application form to Nova Scotia Fisheries and Aquaculture Loan Board.
Applicants must submit: