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Micro-Loan Application
Newly implemented Micro-Loan Program acknowledges and supports entrepreneurship on Prince Edward Island.
Tourism Assistance Loan Program
A funding program has been developed by the Province of PEI to support the PEI Tourism Operators through a joint partnership of Finance PEI and Tourism PEI. This new program will provide funding in the form of a repayable loan to qualified applicants. Interest payments on loans approved through this program will qualify for interest relief (interest payment made behalf of the client) from Tourism PEI for a period of 18 months with Finance PEI offering principal deferrals to match the same 18 month period. The total obligation of the Government of Prince Edward Island under this Tourism...
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...
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...
Energy Efficiency Loan Program – Online Application
Island residents adding energy efficiency upgrades to their home may be eligible to borrow up to $10,000 from the provincial government to help finance the cost. The Energy Efficiency Loan Program is available to a registered owner of a year-round residential property and where the project has been pre-approved by efficiencyPEI. The loan may assist with purchasing efficient equipment such as a new furnace or heat pump or it may help with the cost of upgrades to the building envelope, i.e. new windows or air sealing. Finance PEI must approve the loan before any work begins on the project. The...
Cattle Loan Program
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...
Subdivision Development Financing Program
The Subdivision Development Financing Program (SDFP) is a financing support pilot program that will help qualified developers offset infrastructure costs for long-term residential housing developments. This program will support projects funded through the Municipal Infrastructure Fund (MIF). How much financing is available under this program? The Subdivision Development Financing Program will provide qualified developers and landowners with access to 2% financing on up to 90% of eligible project costs associated with subdividing and developing vacant land into individual residential lots for...
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...