🏠 | Nova Scotia | Micro Loan

Micro Loan

Maurice
By Maurice | May 1, 2025

Amount:

no fixed amount

Type:

Loan

Description:

Micro loans are considered for projects under $50,000. In many cases, our micro loan products have a lower security level — which reduces legal fees and time. We offer competitive interest rates, flexible payment options and amortization periods, designed specifically for Nova Scotia’s seafood sector.

Deadline:

Continuous Intake

Eligibility:

Applicants must be active fishers, aquaculturists, seafood processors, and boat builders as well as those looking to get into or get back into the industry.

Application Steps:

Applicants must:
1. complete and attach the forms required
2. need to complete one of more Appendices as instructed in the application checklist, based on the type of loan you’re applying for. 3. also need an additional copy for a guarantor or when working with your boatbuilder on a new build.

Documentation Needed:

Applicants must submit:

1. Micro Loan Form
2. Appendix D – Personal Financial Statement
3. Creditor Life Insurance Form
4. Certificate of Life Insurance

Web Page:

https://nsfishloan.ca/micro-loan/
Maurice

About the author

Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.