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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...
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...
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...
Newly implemented Micro-Loan Program acknowledges and supports entrepreneurship on Prince Edward Island.
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...
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 assist approved developers/contractors/landlords increase the housing inventory on PEI. Applications are being accepted starting August 16th,2023 and closing September 29th, 2023. Do I qualify? For an applicant to be eligible for assistance, the following criteria must be met: Projects must have at least five units and tenants must be an arm’s length...
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...
Cash Flow Forecast form to be submitted with Finance PEI Loan application - with a minimum of two to three years' cash flow projections to support your request.