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Entrepreneur Loan Program
The Entrepreneur Loan Program is an initiative of the Province of Prince Edward Island designed to help make financing available for the purpose of: helping new businesses get started and established firms make improvements and expand; to improve access to loans that would not...
Proactive Disclosure
Disclosure of new loans in excess of $100,000 In the interests of balancing government’s obligation of openness and transparency, with the need to protect the privacy and sensitive information of Finance PEI and Island Investment Development Inc. borrowing clients, the Government...
Energy Efficiency Loan Program - Solar Photovoltaic Equipment
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 efficiencyPEI’s Solar Electric Rebate Program. This will assist with the...
Rental Property Heating Program Loan
The Rental Property Heating Program (RPHP) will provide owners of an existing long-term residential rental property on Prince Edward Island, who are approved applicants, with financing to upgrade the current heating system of their residential rental property from fossil fuel to...
Tariff Working Capital Assistance Program
A financing program has been developed to provide working capital financing to assist Prince Edward Island businesses impacted by the new export tariffs implemented by the United States of America (the “Tariffs”), ensuring they can maintain operations, preserve jobs, and invest in alternative supply chain strategies. This new loan program will assist qualifying companies to maintain normal business operations during these unprecedented times. How much financing is available under this program? Eligible applicants can apply to receive a working capital loan of up to $500,000 with a fixed...
Residential Home Heating Loan Program
The Residential Home Heating Loan Program (RHHP) will provide Prince Edward Island homeowners, who are approved applicants, with financing to upgrade the current heating system of their personal year-round residence to a cleaner, more efficient heat source while reducing their carbon footprint. The program will assist with the up-front costs associated with the purchase and installation (including electrical service upgrades) of program eligible energy efficient equipment, including: Air source heat pumps that are Northeast Energy Efficiency Partnerships Cold Climate Air-Source Heat Pump...
Farmland Financing
The Farmland Financing Program is available to support eligible farmers; new and expanding or those involved in farmland succession within Prince Edward Island. What type of financial assistance is available? Finance PEI provides two financing programs (Acreage Acquisition Loan...