Financing
Down payment assistance is available for modest-income homeowners who qualify for a default-insured mortgage to purchase their first home. Eligible applicants whose annual household income is $100,000 or less may apply to Finance PEI for a conditionally...
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...
The Down Payment Assistance Program (DPAP) is a pilot program to assist qualified residents of Prince Edward Island, who have modest incomes, in purchasing a first home.
How much financing is available under this program?
Eligible applicants can apply...
The Early Years Centre Expansion Low-interest Loan Pilot Program has been designed in partnership with the Department of Education and Early Years to provide applicants with the opportunity to access financing for new construction and/or expansion of...
Applications to the Energy Efficiency Loan Program must be made before any work commences, financing is not available for projects that are already completed.
The Energy Efficiency Loan Program (EELP) will provide financing for Prince Edward Island home...
Applications to the Energy Efficiency Loan Program must be made before any work commences, financing is not available for projects that are already completed.
The Energy Efficiency Loan Program for Solar Photovoltaic Equipment (EELP-SERP) will provide...
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...
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...
The Farmland Financing is available to eligible farmers; new and expanding or those involved in farmland succession within PEI.
Finance PEI will provide two financing streams of which a farmer is eligible to apply under only one.
Term loan to finance...
This program is now closed.
A Housing Development program has been designed to invite developers/contractors/landlords to submit proposals for new residential development projects on PEI including infrastructure. This loan program is intended to...
Finance PEI offers term loans for purchasing capital assets and operating loans for the business’ accounts receivable and inventory. Capital loans are to be amortized over the life expectancy of the asset and based on the company's operational cash flow...
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...
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....
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...
Loan Applications to the Rental Property Heating Program must be made before any work commences; financing is not available for projects that are already completed.
The Rental Property Heating Program (RPHP) will provide owners of an existing long-term...
Loan Applications to the Residential Home Heating Program must be made before any work commences; financing is not available for projects that are already completed.
The Residential Home Heating Loan Program (RHHP) will provide Prince Edward Island...
This program is designed to meet the special needs of Prince Edward Island's small business community and entrepreneurs for the following purposes:
purchase and/or acquisition of business
expansion
new construction
It does not provide working...
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...
This program is designed to meet the particular needs of Prince Edward Island tourism operators for the following purposes:
purchase of business
expansion
new construction
repair or updating of fixed assets
The amortization period must coincide...