How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Aquaculture Loan Program?

Aquaculture Loan Program is funded by Government of Nova Scotia, Department of Fisheries and Aquaculture (NS)

What are Aquaculture Loan Program's eligibility criterias?

Business must operate in the aquaculture sector Located in Nova Scotia

Aquaculture Loan Program

Last Update: June 23, 2025

NS, Canada

Loan for aquaculture businesses in Nova Scotia

Aquaculture Loan Program at a glance

Eligible Funding

No Condition

Timeline

Closing date : May 21, 2024

Financing Type

Loans and Capital investments

Eligible Industries

Agriculture, forestry, fishing and hunting

Grant Providers

Government of Nova Scotia
Department of Fisheries and Aquaculture (NS)

Status

Archived

Overview of the Aquaculture Loan Program program

Loans with varying interest rates and repayment terms to start, expand or purchase an aquaculture business.

Financing terms and conditions

The Aquaculture Loan Program provides flexible lending options designed to assist aquaculture businesses in Nova Scotia with various financial needs. These options allow for tailored financial aid to enhance the development and sustainability of aquaculture ventures.

Loans available at varying interest rates to accommodate different financial situations and credit standings.
Flexible repayment terms that can be customized based on the financial projection and capability of the business.
Loan offerings that cater to starting, expanding, or purchasing aquaculture enterprises.

Eligible projects & activities

Starting a new aquaculture business.
Expanding an existing aquaculture operation.
Purchasing an existing aquaculture business.

Examples of admissible projects:

$ 60,000

Launching a new oyster farming business to meet regional demand

$ 95,000

Research and development of new aquaculture technology for improved yield

$ 140,000

Purchase of an existing trout aquaculture facility to diversify production

$ 70,000

Expansion of a shellfish farming cooperative to include new species

$ 40,000

Expansion of a sustainable mussel farming operation to increase production capacity

$ 150,000

Acquisition of an existing salmon aquaculture business to modernize facilities

Eligibility criteria of the Aquaculture Loan Program program

The applicant must operate an aquaculture business in Nova Scotia.
The loan must be used to start, expand, or purchase an aquaculture business.

Who is eligible?

Aquaculture businesses in Nova Scotia

Eligible expenses

Costs to start an aquaculture business
Expenses related to expanding an existing aquaculture operation
Funds for purchasing an aquaculture business

Eligible geographic areas

Nova Scotia

How to apply to the Aquaculture Loan Program program

Research Loan Options

Identify the specific loan programs available for aquaculture businesses in Nova Scotia.
Review the terms and conditions of each loan option, including interest rates and repayment terms.

Gather Necessary Documentation

Prepare business plans detailing the aquaculture operations and financial forecasts.
Compile financial statements and tax returns for review.
Include any licenses or permits required for aquaculture activities.

Contact Program Provider

Reach out to the program provider to confirm application details and obtain any additional forms.
Request assistance if needed to clarify the application process.

Complete Application Form

Fill out the loan application form accurately based on gathered documentation.
Ensure all sections of the application are thoroughly completed.

Submit Application

Submit the completed application form and all supporting documents to the loan program provider.
Confirm submission method, whether online, by mail, or in person.

Follow Up

Receive confirmation from the program provider that your application has been received.
Monitor communications for any requests for additional information or interviews.

Additional information

Loan applications may require a detailed business plan outlining intended use and expected outcomes.
Interest rates and repayment schedules can vary depending on the size and nature of the loan.