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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

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)
Program 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

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

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