Amount:No Fixed Amount Type of Program:Loan Description:The Multi-Unit Residential Loan Program provides loans to property developers which will assist in the construction of multi-unit residential developments focusing on the rural areas of PEI. A multi-unit development consists of 2 or more units.Comments on Funding:Funding will be up to a maximum of $4M, with up to
Amount:$5,000.00 Type of Program:Grants Description:The Tourism Financing Assistance is designed to meet the particular needs of Prince Edward Island tourism operators for the following purposes: purchase of business, expansion, debt consolidation, new construction, and repair or updating of fixed assets. These loans may be used for the purchase of machinery, equipment, real property and buildings,
Amount:No Fixed Amount Type of Program:Loan Description:The Small Business Assistance is designed to meet the special needs of Prince Edward Island’s small business community and entrepreneurs for the following purposes: purchase and/or acquisition of business, expansion, debt consolidation, and new construction. It does not provide working capital for the small business sector.The assistance can take
Amount:No Fixed Amount Type of Program:Loan Description:The Manufacturing and Processing Assistance provides financial support to manufacturing and processing businesses in Prince Edward Island to buy land and buildings, specialized equipment, and in some cases, production inventory. The assistance can take the form of: capital loans for the purchase and/or refurbishment of capital assets and in
Amount:No Fixed Amount Type of Program:Loan Description: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.Comments on Funding:Funding is: up to 90% – 100% of the purchase
Amount:$3,000 Type of Program:Loan Description:The Craft Supply Loans are intended to supply short term financial assistance to artisans, primarily for the purchase of supplies (raw materials used in the production of a product), in particular (but not limited to) the small producers and/or those just starting out in the craft sector.Comments on Funding:Funding is in
Amount:$100,000 Type of Program:Loan Description:The Cattle Loan Program helps Island farmers by financially supporting the breeding and raising of animals destined for the Atlantic Beef Products plant. Comments on Funding:Funding is up to a maximum of $100,000 per individual applicant and is available under two options:1loan available for feeder animals with financing at prime rate
Amount:$25,000 Type of Program:Loan Description:The Energy Efficiency Loan Program for Solar Photovoltaic Equipment (EELP-SERP) will provide financing to qualifying Prince Edward Island home-owners, farms and businesses that are approved applicants under efficiencyPEI’s Solar Electric Rebate Program. This will assist with the up-front costs associated with the purchase and installation of Solar PV equipment that can
Amount:No Fixed Amount Type of Program:Loan Description:The Information Technology Financing Assistance provides term financing for purchasing capital assets and operating capital for the business’s accounts receivable and inventory. The assistance can take the form of:1intermediate term loans for purchasing capital assets,2operating lines of credit for purchasing inventory (based mainly on purchase orders and/or signed contracts/agreements)
Amount:$100,000 Type of Program:Loan Description:The Entrepreneur Loan Program provides entrepreneurs with up to $100,000 for use as an investment in new and existing Prince Edward Island businesses.Comments on Funding:Funding is up to a maximum of $100,000.Working capital financing will not exceed $35,000. Funding for capital costs will only be issued when Finance PEI receives invoices/receipts,
Amount:$45,000 Type of Program:Loan Description:The Affordable Housing Development Program (AHDP) will support the development of affordable rental units in Prince Edward Island through new construction or the renovation of existing buildings.Comments on Funding:Funding is in the form of forgivable loans of $45,000 per unit.Loan forgiveness period will be negotiated upon approval of the project but
Amount:$5,000.00 Type of Program:Loan Description:The Micro-Loan Program supports Prince Edward Island new and existing entrepreneurs with financing and working capital requirements.Comments on Funding:Funding is up to a maximum of $15,000 per applicant.Repayment terms are up to a maximum of 5 years at an interest rate of TD Bank Prime + 4.5%. When It Ends:Ongoing Deadline:Rolling
