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Aquaculture Loan Program - NS - Canada

Aquaculture Loan Program

Last Update: July 22, 2025
NS, Canada
Loan for aquaculture businesses in Nova Scotia

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
Funds Providers
Unspecified
Program status
Archived

Overview

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.

Activities funded

  • 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

  • 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

1

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.
2

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.
3

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.
4

Complete Application Form

  • Fill out the loan application form accurately based on gathered documentation.
  • Ensure all sections of the application are thoroughly completed.
5

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.
6

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.
Apply to this program

Frequently Asked Questions about the Aquaculture Loan Program Program

Here are answers to the most common questions about the Aquaculture Loan Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Aquaculture Loan Program?

How much funding can be received?

What is the deadline to apply?

Is the Aquaculture Loan Program a grant, loan, or tax credit?

Who are the financial supporters of the Aquaculture Loan Program?

Who is eligible for the Aquaculture Loan Program program?

Who can I contact for more information about the Aquaculture Loan Program?

Where is the Aquaculture Loan Program available?

Are startups eligible for the Aquaculture Loan Program program?

Apply to this program

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