Open
Source verified July 11, 2026
Fisheries Loan and Loan Guarantees
Fisheries financing for vessels, gear, and guarantees
Funding available
$ 500,000
Deadline
Open continuously
Location
New Brunswick, Canada
Who can apply
Persons, including cooperatives or associations, who request financial assistance from the Minister.
See full eligibility
Overview
Fisheries Loan and Loan Guarantees from the Department of Agriculture, Aquaculture and Fisheries supports persons, including cooperatives or associations, in New Brunswick with repayable loans and loan guarantees for fisheries development. It helps fund vessel purchases, aquaculture activities, weirs, engines, electronic and fishing equipment, major repairs, licences, and quotas.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Renovate or expand facilities
Eligible Funding
- Maximum amount : 500,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- New Brunswick
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Purchase new or used vessels.
- Undertake activities related to aquaculture.
- Construct weirs.
- Purchase an engine, electronic equipment related to fisheries or aquaculture, or fishing equipment.
- Make major repairs to the hull or engine of a vessel, or purchase a commercial fishing licence or obtain a quota.
Documents Needed
- Business plan.
- Description of business and project.
- Financial information, including at least three years of projected income statements and cash flow statements, and the previous three years of financial statements or income tax returns for an existing operation.
- Description of the management plan and management’s qualifications, including education and work experience.
- Marketing plan and production details, including a three-year historical summary and a three-year projected summary.
Official resources
Eligibility
Who is eligible?
- Persons, including cooperatives or associations, who request financial assistance from the Minister.
Eligible expenses
- Purchase new or used vessels.
- Undertake activities related to aquaculture.
- Construct weirs.
- Purchase an engine, electronic equipment related to fisheries or aquaculture, or fishing equipment.
- Make major repairs to the hull or engine of a vessel, or purchase a commercial fishing licence or obtain a quota.
Ineligible Costs and Activities
- Refinancing existing debt
- Repaying existing debt
How to apply
- Sign the request for financial assistance.
- Deliver the request in person to the Minister.
Processing and Agreement
- Applications are not processed until all required information is received
- Additional information may be requested during review
- If requested information is not received within 30 days, the application is returned
Contacts
Frequently Asked Questions about the Fisheries Loan and Loan Guarantees Program
What is the Fisheries Loan and Loan Guarantees?
Fisheries Loan and Loan Guarantees from the Department of Agriculture, Aquaculture and Fisheries supports persons, including cooperatives or associations, in New Brunswick with repayable loans and loan guarantees for fisheries development. It helps fund vessel purchases, aquaculture activities, weirs, engines, electronic and fishing equipment, major repairs, licences, and quotas.
How much funding can be received?
Fisheries Loan and Loan Guarantees Funds up to $500,000 of admissible expenses.
Who is eligible for the Fisheries Loan and Loan Guarantees program?
To be eligible for the Fisheries Loan and Loan Guarantees program, you must:
Applicants must first seek financing from a private lender.
Acceptable security must be provided for the loan or loan guarantee.
The applicant must demonstrate a minimum 10% equity into the project, or 5% for new entrants.
What expenses are eligible under Fisheries Loan and Loan Guarantees?
Purchase new or used vessels.
Undertake activities related to aquaculture.
Construct weirs.
Purchase an engine, electronic equipment related to fisheries or aquaculture, or fishing equipment.
Make major repairs to the hull or engine of a vessel, or purchase a commercial fishing licence or obtain a quota.
Who can I contact for more information about the Fisheries Loan and Loan Guarantees?
You can contact Government of New Brunswick by email at DAAF-MAAP@gnb.ca or by phone at 506-453-2666.
Where is the Fisheries Loan and Loan Guarantees available?
The Fisheries Loan and Loan Guarantees program is available the province of New Brunswick.
Is the Fisheries Loan and Loan Guarantees a grant, loan, or tax credit?
Fisheries Loan and Loan Guarantees is a Loans and Capital investments