Open
Record updated:
Tourism Financing Assistance - Long Term Loan
Long-term financing for tourism operators
Deadline
Opened January 25, 2024
Location
Prince Edward Island, Canada
Overview
Long-term financing is available for Prince Edward Island tourism operators to support business purchase, expansion, new construction, and fixed-asset improvements. The program may also finance tourism facilities, some debt restructuring, and seasonal operating capital in certain cases.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Varies by project
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Prince Edward Island
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
Availability timeline
2025
Periods: 1
Activities funded
- Purchase of a tourism business.
- Expansion or new construction of tourism facilities.
- Refurbishment or improvement of tourism facilities.
- Projects that help extend the tourist season.
Sources and recorded changes
- Record updated
A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.
Eligibility
Who is eligible?
- Tourism operators in Prince Edward Island.
- Businesses with a valid tourism establishment license.
Who is not eligible
- Bed and breakfast operations.
Eligible expenses
- Purchase of machinery, equipment, real property, and buildings.
- Refurbishment, repair, and updating of fixed assets.
- Operating capital for seasonal start-up in some cases.
Ineligible Costs and Activities
- Vehicles that do not directly contribute to business income or sales.
Eligible geographic areas
- Prince Edward Island
Selection criteria
- Projects that extend the shoulder or off-season are strongly encouraged.
- Special attention is given to projects that attract off-Island guests or extend their stay in Prince Edward Island.
Additional information
- Projects that extend the tourist season are strongly encouraged.
- Some loans may support debt restructuring.
- Operating capital may be available for seasonal start-up in the tourism sector.
Frequently Asked Questions about the Tourism Financing Assistance - Long Term Loan Program
What is the Tourism Financing Assistance - Long Term Loan?
Long-term financing is available for Prince Edward Island tourism operators to support business purchase, expansion, new construction, and fixed-asset improvements. The program may also finance tourism facilities, some debt restructuring, and seasonal operating capital in certain cases.
Who is eligible for the Tourism Financing Assistance - Long Term Loan program?
To be eligible for the Tourism Financing Assistance - Long Term Loan program, you must:
Prince Edward Island tourism operators.
Valid tourism establishment license required.
Project must meet rating requirements.
What expenses are eligible under Tourism Financing Assistance - Long Term Loan?
Purchase of a tourism business.
Expansion or new construction of tourism facilities.
Refurbishment or improvement of tourism facilities.
Projects that help extend the tourist season.
Who can I contact for more information about the Tourism Financing Assistance - Long Term Loan?
You can contact Government of Prince Edward Island (PEI).
Where is the Tourism Financing Assistance - Long Term Loan available?
The Tourism Financing Assistance - Long Term Loan program is available the province of Prince Edward Island.
Is the Tourism Financing Assistance - Long Term Loan a grant, loan, or tax credit?
Tourism Financing Assistance - Long Term Loan is a Loans and Capital investments
Who are the financial supporters of the Tourism Financing Assistance - Long Term Loan?
Tourism Financing Assistance - Long Term Loan is funded by Government of Prince Edward Island (PEI), Finance PEI