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:No Fixed Amount 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 efficiency PEI’s Solar Electric Rebate Program. This will assist with the up-front costs associated with the purchase and installation of Solar PV…
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 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: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)…
