About: Finance PEI
Finance PEI is a crown corporation of the Department of Economic Development and Tourism and is the lead financing group for the Province of Prince Edward Island (PEI).
Our team helps manage and supply financial support to businesses operating in PEI that demonstrate sound strategic business opportunities. We balance financial risk with the economic return to the Province. We work with banks and other government agencies to help grow PEI's economy.
Finance PEI provides counseling services and financing to new and existing businesses in Prince Edward Island.
Our focus is on manufacturers, processors, and service providers. Our emphasis is on businesses involved in exporting to domestic and international markets, import replacement, and value-added processing.
As a lender, Finance PEI can work with innovative and higher-risk projects than banks. By using a non-formula approach to lending, Finance PEI works to develop business opportunities for the Province. We balance the risk of the project with the projected return.
Finance PEI works with multiple partners, which include banks and other business development agencies. A client's specific needs will be met using a variety of demand loans, term loans, and loan guarantees.