Amount:No Fixed Amount Type of Program:Loan Description:The Aquaculture Loan provides funding to fishers and sea farmers in Nova Scotia to build their business. Loans can be used for starting, expanding or purchasing an aquaculture business. Comments on Funding:The loans have flexible repayment schedule to match the income stream, including interest only payments with a final…
Amount:No Fixed Amount Type of Program:Loan Description:Licenses and gear loans allow new fishers to join the industry or established fishers to expand or diversify operations. It is available to new entrants, commercial fishers or clients looking to re-enter the industry.Comments on Funding:The Licenses & Gear Loan comes with all the flexibility of other loans. Repayment…
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…
Amount:No Fixed Amount Type of Program:Loan Description:The New Vessel Construction Loan helps fishers plan their new vessel to their specific 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).A Builder’s mortgage over the new…
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)…