Aide au financement dans l’industrie du tourisme – Prêt à Long Terme PE Canada

Aide au financement dans l’industrie du tourisme – Prêt à Long Terme

PE, Canada
Prêts pour les entreprises touristiques de l’Île-du-Prince-Édouard
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grant_single|eligibleFinancing
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateJanuary 25, 2024
grant_single|financingType
Prêts et investissements
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Gouvernement de l’Île-du-Prince-Édouard
  • Finances Î.-P.-É
grant_single|status
grant_card_status|open

grant_single_labels|preview

Soutien financier pour aider les entreprises liées au tourisme dans un éventail d’activités, y compris l’acquisition, l’expansion, la consolidation de dettes et la réparation de restaurants, d’hébergements et d’équipement.

grant_single_labels|projects

The Tourism Financing Assistance program supports specific types of projects and activities aimed at tourism operators in Prince Edward Island.
  • Purchase of business
  • Expansion of existing tourism facilities
  • New construction projects
  • Repair or updating of fixed assets
  • Seasonal start-up operating capital for tourism sector
  • Establishment, expansion, and refurbishment of tourism facilities
  • Debt restructuring related to tourism facilities
grant_single|admissibleProjectsExample

$250,000

Stratford
Conversion d'une ancienne ferme en bed and breakfast avec cuisine locale

$80,000

Summerside
Mise à jour et rénovation d'un musée patrimonial pour améliorer l'expérience des visiteurs

$250,000

Cavendish
Construction de cabines écologiques pour le tourisme durable dans une réserve naturelle

$200,000

Charlottetown
Expansion d’un hôtel de charme pour inclure un spa et centre de bien-être sur place

$200,000

Montague
Développement d'un parc d'aventure avec des tyroliennes et des installations d'escalade

$180,000

Kensington
Rénovation d'un théâtre historique pour créer un lieu de spectacles toute l'année

grant_single_labels|admissibility

This program caters to the specific needs of tourism operators in Prince Edward Island for various purposes such as the purchase of businesses, expansion, construction, and updating fixed assets. Projects must meet specific conditions and restrictions outlined by Finance PEI.
  • Carries on business or intends to carry on business in Prince Edward Island.
  • Holds a valid tourism establishment license issued under the Tourism Industry Act Regulations, excluding bed & breakfast establishments as defined by the Regulations (EC267/99).
  • Projects must have a minimum of three lodging units upon completion to qualify for capital financing.
  • Must attain a minimum two and one half (2½) star rating under the Canada Select Accommodation Rating Program upon completion of the project.
  • Loans shall not generally exceed 80 per cent of the fair market value or purchase price of the asset(s) being financed, and not exceed a period of 20 years.
  • Operating loans primarily available for pre-season preparation of tourist facilities.
  • Projects extending the tourist season are strongly encouraged.

grant_eligibility_criteria|who_can_apply

Eligible companies for the Tourism Financing Assistance program are those carrying on business or intending to carry on business in Prince Edward Island, excluding bed and breakfast establishments as defined by the Tourism Industry Act Regulations.
  • Tourism operators (excluding bed and breakfast establishments)
  • Businesses holding a valid tourism establishment license
  • Companies operating accommodation facilities with a minimum of three lodging units
  • Businesses engaging in recreational, entertainment, or attraction activities

grant_eligibility_criteria|who_cannot_apply

There are specific types of companies that are not eligible for this grant:
  • Bed and breakfast operations, as defined by the Tourism Industry Act Regulations.

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include a range of capital and operating costs specific to tourism operators.
  • Purchase of business
  • Expansion
  • New construction
  • Repair or updating of fixed assets
  • Purchase of machinery and equipment
  • Purchase of real property and buildings
  • Operating capital for seasonal start-up
  • Establishment, expansion, and refurbishment of tourism facilities
  • Debt restructuring in some cases

grant_eligibility_criteria|zone

Eligible geographic zones for this grant are within Prince Edward Island. This includes businesses that carry on or intend to carry on tourism operations in the province.
  • Prince Edward Island

grant_single_labels|criteria

There are specific conditions and restrictions for accessing the Tourism Financing Assistance program aimed at tourism operators in Prince Edward Island. The evaluation and selection criteria for this grant are as follows:
  • Upon completion of the project, the project being financed must have a minimum two and one-half (2½) star rating under the Canada Select Accommodation Rating Program.
  • Bed and breakfast operations, as defined by the Tourism Industry Act Regulations, are not eligible.
  • Accommodation operations require a minimum of three lodging units, once complete, to qualify for capital financing.
  • Loans shall not generally exceed 80 percent of the fair market value or purchase price of the asset(s) being financed, and not exceed a period of 20 years.
  • Projects that will expand the tourist season, such as recreational complexes with entertainment facilities, are strongly encouraged.
  • Special attention is given to projects which will extend the shoulder or off-season periods to provide greater incentives for off-Island guests to visit or extend their stay in Prince Edward Island.

grant_single_labels|register

  • Step 1: Determine Eligibility
  • Ensure that the business carries on or intends to carry on business in Prince Edward Island.
  • Confirm that the business holds a valid tourism establishment license issued pursuant to the Tourism Industry Act Regulations.
  • Verify that the project will achieve a minimum two and one half (2½) star rating under the Canada Select Accommodation Rating Program upon completion, if applicable.
  • Step 2: Prepare Business Plan
  • Prepare a detailed business plan that outlines the purpose of the loan, whether for purchase, expansion, new construction, or repair.
  • Highlight how the project will contribute to extending the tourist season, if applicable.
  • Step 3: Financial Projection and Documentation
  • Prepare financial projections including cash flow statements, income statements, and balance sheets for the next 3-5 years.
  • Gather necessary documentation including proof of licensing, cost estimates and quotes for the project.
  • Step 4: Contact Finance PEI
  • Initiate contact with Finance PEI at 98 Fitzroy Street, Charlottetown, PE or via phone at 902-368-6200.
  • Submit the business plan and financial documents.
  • Step 5: Application Submission
  • Complete the formal loan application form provided by Finance PEI.
  • Submit the completed application with all supporting documents.
  • Step 6: Review and Evaluation
  • Wait for the review and evaluation process by Finance PEI, which will assess the viability and potential impact of the project.
  • Step 7: Approval and Agreement
  • If approved, review the terms and conditions of the loan agreement.
  • Sign the agreement and fulfill any initial requirements or conditions set by Finance PEI.
  • Step 8: Fund Disbursement
  • Upon signing the agreement, receive the loan disbursement as per the agreed terms.
  • Step 9: Project Implementation
  • Use the funds to implement the project as outlined in the business plan.
  • Ensure ongoing compliance with the terms and conditions of the loan agreement.

grant_single_labels|otherInfo

  • Loans shall not generally exceed 80 per cent of the fair market value or purchase price of the asset(s) being financed, and not exceed a period of 20 years.
  • The amortization period should coincide with the expected life of the asset being financed, but loans will not exceed 10 years for intermediate term loans.
  • Up to 100 per cent financing may be provided for operating loans to tourism operators, mainly for pre-season preparation of tourist facilities.

grant_single_labels|contact

financepei@gov.pe.ca
902-368-6200
S’inscrire à ce programme