Open
Tourism Financing Assistance — Operating Loan
Loan to finance tourism operating costs in Prince Edward Island (PEI)
Last Update: March 4, 2026
Funding available
No Condition
Timeline
- Open continuously
Location
Prince Edward Island, Canada
Overview
Support to help tourist facilities cover operating costs during pre-season preparation.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
- Renovate or expand facilities
Eligible Funding
- Up to 80% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Arts, entertainment and recreation
- Accommodation and food services
Location
- Prince Edward Island
Legal structures
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Non-profit candidates
Sector of operation
- Other Recreation and Social Clubs
- Economic, Social and Community Development
- Business Associations
Target groups
- Business owners / entrepreneurs
Revenue structures
- All structures
Scope
- Provincial
Next steps
1
Determine your project
2
Validate your eligibility
Activities funded
This program offers financial assistance for various tourism-related projects in Prince Edward Island aimed at business growth and infrastructure improvement. Eligible activities focus on purchasing, expanding, constructing, or upgrading tourism facilities.
- Purchase of an existing tourism business.
- Expansion of current tourism operations.
- New construction projects for tourism facilities.
- Repair or updating of fixed assets.
- Pre-season preparation of tourist facilities.
- Establishment, expansion, and refurbishment of tourism facilities.
Eligibility
Who is eligible?
This program is designed for Prince Edward Island tourism operators who have an interest in purchasing a business, expanding, or constructing new facilities and updating fixed assets. Specifically, those who carry on business in Prince Edward Island, excluding bed & breakfast establishments as per the Tourism Industry Act Regulations, and possess a valid tourism establishment license are eligible. Applicants must also ensure their accommodation operations have a minimum of three lodging units once completed to qualify for capital financing.Who is not eligible
This grant has certain restrictions that exclude specific types of businesses to ensure alignment with the objectives of supporting tourism operators. The following companies or activities are explicitly not eligible for this financing assistance.
- Bed and breakfast establishments as defined by the Tourism Industry Act Regulations.
- Tourism operations that do not hold a valid tourism establishment license.
- Accommodation operations with fewer than three lodging units once completed.
- Vehicles that do not directly contribute to the business's income or sales.
Eligible expenses
This grant program supports tourism operators in Prince Edward Island with initiatives to enhance their business operations and extend the tourist season. The eligible projects focus on business expansion, construction, and assets improvement in the tourism sector.
- Purchase and expansion of tourism businesses.
- Construction of new facilities related to tourism operations.
- Repair or updating of fixed assets such as machinery, equipment, and buildings.
- Creation or expansion of recreational complexes featuring entertainment facilities, lodging, and dining.
- Conversion of accommodation units for alternate uses during off-season periods.
- Establishment, expansion, or refurbishment of tourism facilities including restaurants, accommodations, and entertainment venues.
Eligible geographic areas
This grant is specifically designed for tourism operators located in Prince Edward Island. The eligible location is clearly defined to support regional tourism development.
- Businesses operating in Prince Edward Island.
Additional information
Here are additional relevant details for this grant:
- Projects should focus on extending the tourist season by attracting off-Island visitors and encouraging longer stays.
- Loans generally should not exceed 80% of the fair market value or purchase price of the financed asset(s).
- Minimum accommodation ratings and units must be met for eligibility in financing proposals.
- There are specific eligibility limitations for vehicles, focusing on those directly contributing to income or sales.
Frequently Asked Questions about the Tourism Financing Assistance — Operating Loan Program
Here are answers to the most common questions about the Tourism Financing Assistance — Operating 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 Tourism Financing Assistance — Operating Loan?
Support to help tourist facilities cover operating costs during pre-season preparation.
How much funding can be received?
Tourism Financing Assistance — Operating Loan Funds up to 80% of admissible expenses.
Who is eligible for the Tourism Financing Assistance — Operating Loan program?
To be eligible for the Tourism Financing Assistance — Operating Loan program, you must:
The business must operate in Prince Edward Island.
The applicant must hold a valid tourism establishment license, excluding bed & breakfast establishments as per the Tourism Industry Act Regulations.
The accommodation operations must have a minimum of three lodging units upon completion.
What expenses are eligible under Tourism Financing Assistance — Operating Loan?
This program offers financial assistance for various tourism-related projects in Prince Edward Island aimed at business growth and infrastructure improvement. Eligible activities focus on purchasing, expanding, constructing, or upgrading tourism facilities. Purchase of an existing tourism business.
Expansion of current tourism operations.
New construction projects for tourism facilities.
Repair or updating of fixed assets.
Pre-season preparation of tourist facilities.
Establishment, expansion, and refurbishment of tourism facilities.
Who can I contact for more information about the Tourism Financing Assistance — Operating Loan?
You can contact Government of Prince Edward Island (PEI).
Where is the Tourism Financing Assistance — Operating Loan available?
The Tourism Financing Assistance — Operating Loan program is available the province of Prince Edward Island.
Is the Tourism Financing Assistance — Operating Loan a grant, loan, or tax credit?
Tourism Financing Assistance — Operating Loan is a Loans and Capital investments
