Equipment purchase

Capital Acquisition Assistance

Amount:

$10,000

Type of Program:

Grants

Description:

Capital Acquisition Assistance supports Prince Edward Island businesses investing in technology, equipment, and infrastructure needed to grow their business and increase capacity and competitiveness.

Comments on Funding:

The program provides up to 25 per cent of the eligible costs to a maximum of $25,000 assistance.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

be a Prince Edward Island business,
be registered to conduct business and actively operating in Prince Edward Island,
be manufacturing, processing, or developing goods or services primarily for export,
operate within one of these strategic sectors: bioscience, aerospace and defence, advanced manufacturing and processing, renewable energy and clean technology, information and communications technology, creative and cultural industries (first-of-its-kind exportable goods or services in other sectors may be considered),
not have a defaulted outstanding debt obligation on file in the Province’s Central Default Registry.

Application Steps:

consult with an Innovation PEI Business Development Officer for guidance on the suitability of the project and the application process,

complete the online application form.

Documentation Needed:

The applicant must submit:

1
the online application form,
2
a description of the business and an outline of its history,
3
detailed Financial Statements for the previous two years, if existing business,
4
a completed business plan, if a new businesses,
5
a description of the proposed project or activity in relation to the products and/or services delivered by the business,
6
a detailed description of the economic benefits to the organization and to Prince Edward Island,
7
detailed information on the estimated costs of the proposed project or activity,
8
source of funds for the project,
9
explanation of the business's current market position and projected market, outlining any increases in market share,
10
a list of all shareholders and key management personnel.

Program Contact:

Capital Acquisition Assistance

Arts Infrastructure Grants for New and Emerging Artists

Amount:

$2,500.00

Type of Program:

Grants

Description:

The Arts Infrastructure Grants for New and Emerging Artists program is project-based and provides one-time capital acquisition support to emerging New Brunswick artists to acquire equipment that will enable them to complete a project and strengthen their long-term artistic development.

Comments on Funding:

Funding is up to $2,500.

When It Ends:

Ongoing

Deadline:

August 01, 2022

Eligibility:

meet the professional artist criteria, including, but not limited to: having specialized training in an artistic discipline, having a history of public presentation, practicing an art and offering services in exchange for remuneration, having presented works to the public, having signed a service contract with a producer, or devoting a reasonable percentage of their professional activity to promoting and marketing works, attending auditions, seeking patrons or agents, submitting work to publishers, magazines, theatres, radio, and television, and other similar efforts, depending on the nature of their activities,
be in one of the following disciplines: architecture and craft, dance, music, literary arts (including spoken word, storytelling, literary performance and literary translation), media arts, multidisciplinary arts, theatre, visual arts, classical and non-classical music,
be Canadian citizens or permanent residents,
have resided in New Brunswick for at least 12 months prior to the application deadline,
Meet the definition of an Emerging Artist given in Appendix B: Senior, Mid-Career and Emerging Artist Criteria by Discipline OR first became permanent residents of Canada less than 5 years ago,
not have an overdue Final Report for any project funded by artsnb.

Application Steps:

Applicants must:

create an online account on OA - ArtsNB,

submit the application by 11:59pm on the deadline date.

Documentation Needed:

Applicants must submit:

the completed application form,
information on the proposed capital improvement or equipment acquisition and rationale in terms of impact on the applicant’s future artistic work (maximum 500 words),
a balanced project budget,
the artist’s resume / CV,
samples of work,
the description of a short-term artistic creation project to be carried out within 1 year (12 months) of the acquisition or completion of the improvements (maximum 350 words),
critical reviews, press clippings and up to 2 letters of recommendation (optional).

Funding recipients are required to provide an final report following completion of the project.

Program Contact:

Arts Infrastructure Grants for Emerging Artists

Desc_AINF.pdf

Used Vessel Purchase Loan

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Used Vessel Purchase Loan provides funding to fishers and sea farmers in Nova Scotia to purchase a used vessel.

Comments on Funding:

The loans have flexible repayment schedule to fit the cash flow of the business (annual, semi-annual and in some cases, interest only payments for certain periods of time) and repayment periods from 1 to 20 years.
A Builder's mortgage over the new vessel is the primary security for the loan. The mortgage claim is registered with Transport Canada. Additional security over fishing licenses is taken through a General Security Agreement.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

be active fishers/sea farmers and new entrants in Nova Scotia,
purchase a used vessel.

Application Steps:

Applicants must submit a completed application form to Nova Scotia Fisheries and Aquaculture Loan Board.

Documentation Needed:

Applicants must submit:

the application form,
full Personal Tax Returns and the Notices of Assessment for the last 3 years of all Guarantor(s) and/or Shareholder(s),
a confirmation from Canada Revenue Agency that there are no personal income taxes owing,
the company Financial Statements for the past three years (if applying as a company) ,

photocopies of two pieces of government ID (birth certificate, passport, driver’s license),
the confirmation of Fishing Master Certification (ie. FM 4, SVOP, etc.),
detailed bank statements for the previous 3 months (including chequing/savings accounts, line(s) of credit, etc.),
the purchase & Sale Agreement (signed by all parties),

Other Things to Note:

All applications are subject to an Administration Fee and a Mortgage Registration Fee.

Program Contact:

Used Vessel Purchase Loan - NSFA

Used Vessel Application

Modifications to a Vessel Loan

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Modifications to a Vessel Loan provides financial support to fishers and sea farmers in Nova Scotia, helping them make improvements to a vessel (lengthening and widening, complete rebuilds, new electronics and fixed equipment, and fiber glassing existing wooden boats) in order to increase efficiency.

Comments on Funding:

The loans have flexible repayment schedule to fit the cash flow of the business (annual, semi-annual and in some cases, interest only payments for certain periods of time). The repayment period can be from 1 to 20 years.

A Builder's mortgage over the new vessel is the primary security for the loan. The mortgage claim is registered with Transport Canada. Additional security over fishing licenses is taken through a General Security Agreement.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

be active fishers/sea farmers and new entrants in Nova Scotia,
make improvements to their vessel.

Application Steps:

Applicants must submit a completed application form to Nova Scotia Fisheries and Aquaculture Loan Board.

Documentation Needed:

Applicants must submit:

1
the application form,
2
full Personal Tax Returns & Notices of Assessment for last 3 years of loan applicant as well as shareholders and guarantors (if applicable),
3
a confirmation from Canada Revenue Agency that there are no personal income taxes owing,
4
company Financial Statements for the past three years (if applying as a company) ,
5
photocopies of two pieces of government ID (birth certificate, passport, driver’s license),
6
quote(s) from all suppliers,
7
the confirmation of Fishing Master Certification (ie. FM 4, SVOP, etc.),
8
detailed bank statements for the previous 3 months (including chequing/savings accounts, line(s) of credit, etc.),
9
the purchase & Sale Agreement (signed by all parties),
10
a completed Appendix C: Engine, Vessel Upgrades, Modifications.

Other Things to Note:

All applications are subject to an Administration Fee and a Mortgage Registration Fee.

Program Contact:

Modifications to a Vessel Loan | NSFA

Main Engine, Vessel Modifications and Upgrades.pdf

New Vessel Construction Loan

Amount:

No Fixed Amount

Type of Program:

Grants & Loan

Description:

The New Vessel Construction Loan provides financial support to fishers and sea farmers in Nova Scotia, helping them plan their new vessel and build a customized vessel to meet their needs.

Comments on Funding:

The loans have flexible repayment schedule to fit the cash flow of the business (annual, semi-annual and in some cases, interest only payments for certain periods of time).

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

be active fishers/sea farmers and new entrants in Nova Scotia,
build a customized vessel to meet their needs.

Application Steps:

Applicants must submit a completed application form to Nova Scotia Fisheries and Aquaculture Loan Board.

Documentation Needed:

Applicants must submit:

the application form,
full Personal Tax Returns and the Notices of Assessment for the last 3 years of all Guarantor(s) and/or Shareholder(s),
the company financial statements for the last 3 years,
a confirmation from Canada Revenue Agency that there are no personal income taxes owed to Canada Revenue Agency either corporate and/or personal, Certificate, Driver’s License, Passport),
confirmation of Fishing Master Certification,
Detailed bank statements for the previous 3 months (including chequing/savings accounts, line(s) of credit, etc.),
Purchase & Sale Agreement (signed by all parties),
a completed copy of Appendix A: “Bill of Materials” signed and sealed by the boat builder and by the Applicant,
specifications from builder or Appendix B and quotes for main engine, electronics and hydraulics.

Other Things to Note:

All applications are subject to an Administration Fee and a Mortgage Registration Fee.

Program Contact:

New Vessel Construction Loan - NSFA

New Vessel Application