Loans Available to Prince Edward Island Businesses

The Subdivision Development Financing Program (SDFP) is a financing support pilot program that will help qualified developers offset infrastructure costs for long-term residential housing developments. This program will support projects funded through the Municipal Infrastructure Fund (MIF).

The Long-Term Care Capital Infrastructure Pilot Program is designed to provide approved Private Long-Term Care facilities with the opportunity to access financing of up to 100% of eligible project costs for new construction and/or fit-up of existing long-term care (LTC) facilities.

A Housing Development program has been designed to invite developers/contractors/landlords to submit proposals for new residential development projects on PEI including infrastructure. This loan program is intended to assist approved developers/contractors/landlords increase the housing inventory on PEI.

The Farmland Financing provides term loans to new and expanding farms or to those involved in farmland succession within PEI. Finance PEI will provide two financing streams of which a farmer is eligible to apply under only one.

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.