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 will pay interest and other…
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 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:$500,000.00 Type of Program:Loan Description:The Fishers Low Interest Loan assists Prince Edward Island fishers experiencing financial difficulties due to the uncertainty surrounding the global markets for this product. Comments on Funding:Funding is a loan with a 4 per cent interest rate for a 5 year term, amortized over a 15 year period, to a maximum…
