Loans Available to Nova Scotia Businesses
Nova Scotia Small Business Loan Guarantee Program
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
“Fast Tracktor” – Equipment Financing
Amount: No Fixed Amount Type of Program: Loan Description: The Fast Tracktor authorization is an equipment purchasing loan for Nova Scotia farmers requiring new or used equipment to sustain their operation. Comments on Funding: The applicant will pay interest and other fees, if applicable.The amortization will depend on the life expectancy of the equipment. Normally
Cattle and Sheep Deferred Financing
Amount: No Fixed Amount Type of Program: Loan Description: This program was developed to support cattle and sheep farmers where there is a proven plan for the expansion of livestock to implement long-term viability of their operation. The Farm Loan Board offers flexible lending terms including payment deferrals that will complement the Nova Scotia Cattle
Deferred Product Options
Amount: No Fixed Amount Type of Program: Loan Description: This product is designed for the development of Nova Scotia farm production where a long-range approach to cash flow generation is required. A deferred loan structure has been developed for: apple orchards, high bush blueberry development, low bush blueberry land clearing development, mink ranch expansions and
Fixed Farm Mortgage
Amount: No Fixed Amount Type of Program: Loan Description: The Fixed Farm Mortgage is a fixed rate interest loan for Nova Scotia farmers which can be used for purchasing an operational farm or additional farm land, for construction of farm buildings for livestock housing or other construction projects such as: greenhouse facilities, milking parlors, silos,
Jump Start program
Amount: No Fixed Amount Type of Program: Loan Description: The Jump Start program provides beginning Nova Scotia commercial farmers both the classic Farm mortgage for the purchase of real estate and the Deferral Options packages that may be needed to support any operating requirements. Comments on Funding: The applicant will pay interest and other fees,
Quota Loan
Amount: No Fixed Amount Type of Program: Loan Description: The Quota Loan is for buying milk quota, egg quota, broiler quota, and turkey quota. It provides Nova Scotia farmers the needed funding to grow production and keep their farm moving into the future. Comments on Funding: The applicant will pay interest and other fees, if
Term Farm Mortgage
Amount: No Fixed Amount Type of Program: Loan Description: The Term Farm Mortgage is a loan for Nova Scotia farmers which can be used for purchasing an operational farm or additional farm land, for construction of farm buildings for livestock housing or other construction projects such as: greenhouse facilities, milking parlors, silos, manure systems, land
The Farm Debt Consolidator
Amount: No Fixed Amount Type of Program: Loan Description: The Farm Debt Consolidator is used as a cleanup tool for short-term payables, stagnant operating debt, medium term loans, and restructuring of long-term debt with other lenders. Nova Scotia farmers can normally implement it when cash flow demand outstrips supply. Comments on Funding: The applicant
Wild blueberry Business Enhancement Loans
Amount: No Fixed Amount Type of Program: Loan Description: The Wild Blueberry Business Enhancement program aims to increase wild blueberry production in Nova Scotia through efficiencies and land expansion by providing lending options for equipment, purchase and improvement of existing land, and new site development. Comments on Funding: The applicant will pay interest and other
Aquaculture Loan
Amount: No Fixed Amount Type of Program: Loan Description: The Aquaculture Loan provides funding to fishers and sea farmers in Nova Scotia to build their business. Loans can be used for starting, expanding or purchasing an aquaculture business. Comments on Funding: The loans have flexible repayment schedule to match the income stream, including interest
License(s) & Gear Loan
Amount: No Fixed Amount Type of Program: Loan Description: 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
Modifications to a Vessel Loan
Amount: No Fixed Amount Type of Program: Loan Description: The Modifications to a Vessel Loan provides financial support to fishers and sea farmers in Nova Scotia, helping them make improvements to a vessel (lengthening and widening, complete rebuilds, new electronics and fixed equipment, and fiber glassing existing wooden boats) in order to increase efficiency. Comments
New Vessel Construction Loan
Amount: No Fixed Amount Type of Program: Loan Description: The New Vessel Construction Loan helps fishers plan their new vessel to their specific needs. Comments on Funding: The loans have flexible repayment schedule to fit the cash flow of the business (annual, semi-annual and in some cases, interest only payments for certain periods of time).
Used Vessel Purchase Loan
Amount: No Fixed Amount Type of Program: Loan Description: The Used Vessel Purchase Loan provides funding to fishers and sea farmers in Nova Scotia to purchase a used vessel. Comments on Funding: The loans have flexible repayment schedule to fit the cash flow of the business (annual, semi-annual and in some cases, interest only payments
Startup & Expansion Loans
Amount: $25,000 Type of Program: Loan Description: The Startup & Expansion Loans are for small and medium-sized businesses run by entrepreneurs of all ages. Recipients get support to develop their business knowledge and skills in marketing, accounting, human resources and business planning. Low-interest loans of up to $25,000 are available, with flexible repayment terms and
Immigrant Loan Program
Amount: $20,000.00 Type of Program: Loan Description: Immigrant Loan Program is a pilot project that offers financing for temporary residents wishing to start a registered business in the area. Comments on Funding: Funding is up to $20,000 and is available in the form of repayable loan. Fixed interest will be charged at prime rate plus
CBDC Micro-Loan Program
Amount: $5,000.00 Type of Program: Loan Description: CBDC-Shelburne provides unsecured micro-loans from $500 to $5,000 to new entrepreneurs looking for startup money or to small business owners who could use a boost in working capital. Comments on Funding: Funding ranges from $500 to $5,000.Interest rates are set at 2% above prime and the repayment terms
Enviro-Depot™ Infrastructure Funding Program
Amount: No Fixed Amount Type of Program: Loan Description: The Enviro-Depot™ Infrastructure Funding Program provides financial assistance that will be used specifically for improvements to an ENVIRO-DEPOT™ facility and/or its operation. Comments on Funding: Funding will be provided in the form of an interest-free loan.Funding is up to 80% of approved eligible costs.Loans of $5,000
Research & Development Program
Amount: $5,000.00 Type of Program: Grants, Loan Description: The Research & Development Program provides research funding support to investigate, design and develop: materials or products that incorporate solid waste resources, technologies that will facilitate the separation and recovery of solid waste resources, and enhanced market opportunities for solid waste resources and/or recycled materials. Comments on
Value-Added Manufacturing Program
Amount: No Fixed Amount Type of Program: Grants & Loan Description: Value-Added Manufacturing Program provides financial assistance to Nova Scotia-based businesses for the purpose of supporting the development of value-added products from materials recovered from the waste stream. Comments on Funding: Funding will be provided in the form of a loan, forgivable loan or, non-repayable
Line of Credit – Pilot Program
Amount: $20,000.00 Type of Program: Loan Description: South Shore Opportunities CBDC is offering on a pilot basis Line of Credit loan for eligible business activity with a base of operations in Queens County or Lunenburg County, Nova Scotia. The loan can be used to finance inventory purchase, bridge financing and other uses at the discretion
Micro Loan
Amount: $10,000.00 Type of Program: Loan Description: The Micro Loan is up to $10,000 and can be used for eligible business activity, including start-up, expansion or purchase of an existing business with a base of operations in Queens County or Lunenburg County, Nova Scotia. Comments on Funding: Funding is up to $10,000. Loan is in
Licence Loan Program
This program is currently closed. Amount: No Fixed Amount Type of Program: Loan Description: 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
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,
Creative Industries Fund
This program is currently closed. Amount: No Fixed Amount Type of Program: Grants Description: The Creative Industries Fund invests in Nova Scotia registered cultural businesses that are focused on global exporting and supports not-for-profits and social enterprises focused on development of the culture sector outside of Nova Scotia. Comments on Funding: Funding is up to
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