No Fixed Amount
Type of Program:
Grants & Loan
The License(s) & Gear Loan provides funding to new entrants, commercial fishers or clients looking to re-enter the industry for purchasing licenses (stacking licenses or adding new species).
Comments on Funding:
The Licenses & Gear Loan comes with all the flexibility of other loans. Repayment can be amortized over any period from 1-20 years.
Licenses and Gear loans are primarily secured through a General Security Agreement, where the claim over the licenses is acknowledged by the Licensing department with Fisheries and Oceans Canada.
When It Ends:
Applicants must be:
Applicants must submit a completed application form to Nova Scotia Fisheries and Aquaculture Loan Board.
Applicants must submit:
Other Things to Note:
All applications are subject to an Administration Fee and a Mortgage Registration Fee.