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…
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: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:$15,000.00 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…
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…
