Open
Business Investment Program — Term Loan
Loan for business improvement in Newfoundland and Labrador
Last Update: March 4, 2026
Funding available
Varies by project
Timeline
- Open continuously
Location
Newfoundland and Labrador, Canada
Overview
Get a term loan at a 4.5% interest rate, for increasing productivity, taking advantage of export potential and improving your competitiveness.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Renovate or expand facilities
Eligible Funding
- Varies by project
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
Location
- Newfoundland and Labrador
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- $ 10,000,000 maximum revenue
Organisation size
- 100 employees maximum
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
This program provides financial support for projects aimed at enhancing business growth and market reach. Eligible activities focus on expanding operational capacities and accessing new markets.
- Expansion or upgrade of business facilities to align with strategic growth sectors.
- Market research and development activities aimed at entering or expanding export activities.
- Investment in technology and infrastructure to support business scalability.
- Initiatives designed to improve business operations and competitiveness in external markets.
Eligibility
Who is eligible?
Small and medium-sized enterprises (SMEs) based and operating in Newfoundland and Labrador with fewer than 100 employees and less than $10 million in sales can apply for the Business Investment Program. Eligible SMEs must be able to demonstrate their capability to undertake the proposed work, their ability to secure necessary financial capital, operate in a strategic sector as defined by Industry, Energy and Technology (IET), and be in good standing with the Government of Newfoundland and Labrador.Who is not eligible
Some types of companies that are not eligible for this grant include:
- Companies with more than 100 employees.
- Companies with sales exceeding $10 million.
Eligible expenses
The Business Investment Program facilitates strategic growth and export expansion for SMEs in Newfoundland and Labrador. Eligible activities focus on enhancing operational capabilities in strategic sectors.
- Projects that aim to enter or expand in external markets, demonstrating export potential.
- Activities that complement funding from conventional sources, indicating a clear need for additional financial support.
- Initiatives intended to increase the business's capital base to attract private-sector investments.
Eligible geographic areas
This grant is available to companies operating within a specific geographical area as defined by the funding body. Eligible companies must be located in Newfoundland and Labrador.
- Newfoundland and Labrador
Additional information
Here are additional relevant details for this program:
- The term loans are designed to complement other financing methods, enhancing the business's capital base.
- The interest rate is variable as it is tied to the Bank of Canada rate, and applicants should verify the current rate before applying.
- The program is aimed at fostering private sector investments alongside the provided loans.
- Businesses with export potentials and expansion plans in external markets are particularly encouraged to apply.
- Applicants should maintain good relationships with the Government of Newfoundland and Labrador to qualify and retain eligibility.
Frequently Asked Questions about the Business Investment Program — Term Loan Program
Here are answers to the most common questions about the Business Investment Program — Term Loan. 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 Business Investment Program — Term Loan?
Get a term loan at a 4.5% interest rate, for increasing productivity, taking advantage of export potential and improving your competitiveness.
Who is eligible for the Business Investment Program — Term Loan program?
To be eligible for the Business Investment Program — Term Loan program, you must:
The applicant must be a small and medium-sized enterprise (SME) based and operating in Newfoundland and Labrador.
The business should have fewer than 100 employees and less than $10 million in sales.
The SME must operate in a strategic sector as defined by Industry, Energy and Technology.
What expenses are eligible under Business Investment Program — Term Loan?
This program provides financial support for projects aimed at enhancing business growth and market reach. Eligible activities focus on expanding operational capacities and accessing new markets. Expansion or upgrade of business facilities to align with strategic growth sectors.
Market research and development activities aimed at entering or expanding export activities.
Investment in technology and infrastructure to support business scalability.
Initiatives designed to improve business operations and competitiveness in external markets.
Who can I contact for more information about the Business Investment Program — Term Loan?
You can contact Government of Newfoundland and Labrador.
Where is the Business Investment Program — Term Loan available?
The Business Investment Program — Term Loan program is available the province of Newfoundland and Labrador.
Is the Business Investment Program — Term Loan a grant, loan, or tax credit?
Business Investment Program — Term Loan is a Loans and Capital investments
Who are the financial supporters of the Business Investment Program — Term Loan?
Business Investment Program — Term Loan is funded by Government of Newfoundland and Labrador, Department of Industry, Energy and Technology (NL) (IET)