Loans
Government, banks and other business development agencies work together to using a non-formula approach to lending to meet the specific needs of an Island business. Support may involve start-up or low-interest loans or financing for working capital, debt consolidation, or business expansion.
A financing program has been developed to provide emergency working capital financing to assist PEI’s small business during this unprecedented economic disruption to business, caused by the Covid-19 pandemic. This new loan program is to assist qualifying...
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...
Finance PEI also administers the Fishers Low Interest Loan Program.
Finance PEI provides term loans and operating lines of credit to businesses in commercial fishery and aquaculture. Repayment terms match the cash flow of the business.
Application Fee...
Innovation PEI is a proud community partner offering services with Futurpreneur Canada which is a national non-profit organization providing pre-launch expertise, business resources, start-up financing and mentoring to help you start and run your own...
Finance PEI provides term financing for purchasing capital assets and operating capital for the business’s accounts receivable and inventory. Capital loans are repaid over the life expectancy of the asset and the company's operational cash flow. Maximum...
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...
The new Potato Financing Program announced by the Province of PEI will provide assistance to eligible PEI Potato farmers impacted from the recent suspension of both seed and fresh table stock potatoes entering the United States through a joint...
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....
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
debt consolidation
new construction
It does not...
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....
This program is designed to meet the particular needs of Prince Edward Island tourism operators for the following purposes:
purchase of business
expansion
debt consolidation
new construction
repair or updating of fixed assets
The amortization...
The Tourism Interest Relief Program will now be expanded to include reimbursements on interest payable for property tax bills until December 31, 2021. In addition, the program will be extended from its initial end date of September 20, 2021 to...
The Winter Production Financing Program is now included in the new Micro-Loan Program.
Please refer to the Micro-Loan page for details.