Today, Government is deferring all loan payments with clients of Finance PEI, Island Investment Development Inc., and PEI Century Fund for the month of October due to the impacts of Hurricane Fiona. “Hurricane Fiona has caused significant disruption for may industries across...
The Rent-to-Own Pilot Program gives Island residents with modest incomes who do not currently own a home the opportunity to “rent to own” an eligible home, up to a maximum value of $350,000 (including HST, if any). Eligible Islanders can submit applications to Finance PEI for the opportunity to take part in the Rent-to-Own Pilot Program. Eligibility For an applicant to be eligible for assistance, the following criteria must be met: Applicant does not currently own a home; Applicant will provide a formal written letter confirming that they have been declined by a recognized financial...
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...
The newly implemented Micro-Loan Program acknowledges and supports entrepreneurship on Prince Edward Island. This new loan initiative will help assist entrepreneurs with financing and working capital requirements with Finance PEI providing loans up to a maximum of $15,000 per...
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...
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...
The Souris Food Park focuses on food processing and manufacturing sectors and is located in the Town of Souris, PE. The Port of Souris is the most diverse of all P.E.I. ports because it is a fishing port, a commercial shipping port and an inter-provincial ferry terminal, making...
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...
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...
The Cattle Loan Program helps Island farmers by financially supporting the breeding and raising of animals destined for the Atlantic Beef Products plant. This program is administered by Finance PEI to stimulate economic growth and expansion in the beef industry. How much...