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

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.

Qui est admissible?

Cette subvention est destinée à des entreprises ou industries opérant dans des secteurs stratégiques pour le développement durable et l’innovation. Les types d’organisations éligibles doivent répondre à des critères précis liés à leur domaine d’activité.

• Entreprises technologiques développant des solutions innovantes.
• Industries manufacturières adoptant des pratiques durables.
• Petites et moyennes entreprises (PME) engagées dans la transition énergétique.
• Compagnies agricoles utilisant des méthodes respectueuses de l’environnement.
• Organisations œuvrant dans les énergies renouvelables ou les infrastructures vertes.

Qui n'est pas admissible

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.

Dépenses admissibles

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

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.

• 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.