grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Prêts et investissements
grant_single|eligibleIndustries
  • Agriculture, foresterie, pêche et chasse
  • Fabrication
  • Autres services (sauf les administrations publiques)
  • Administrations publiques
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

Obtenez jusqu’à 15 000 $ pour répondre à vos besoins en fonds de démarrage ou de roulement, avec des durées de remboursement s'échelonnant sur un maximum de 5 ans.

grant_single_labels|projects

Several categories of projects and activities are eligible for the Micro-Loan Program, including trades, qualification recognition for newcomers, small-scale food production, business start-up, and winter production financing.
  • Trades—recent graduates from trade school or those who have a job offer in a new field but do not have the resources to get set up with new tools or necessary equipment.
  • Qualification Recognition—newcomers to Canada who require some assistance getting back into their previous line of work, this loan can help to cover the costs of a challenge exam or professional fees.
  • Small-scale Food Production—funds available for growers, harvesters, and processors to invest in equipment and materials to increase the supply of food in their communities.
  • Business Start-up—great start-up business idea, an entrepreneurial spirit and a business plan.
  • Winter Production Financing—existing program which provides new and expanding craft and giftware manufacturers with the financing required to increase production of their products during the winter months for sale in the peak selling periods.
grant_single|admissibleProjectsExample

$15,000

Cornwall
Fourniture d'outils et d'équipements pour un jeune plombier démarrant une entreprise

$15,000

Tignish
Lancement d'une micro-entreprise de transformation du poisson pour soutenir les pêcheurs locaux

$10,000

Moncton
Facilitation de la reconnaissance des qualifications pour une infirmière philippine au Canada

$15,000

Charlottetown
Achat d'équipement de boulangerie pour une nouvelle boulangerie spécialisée dans les produits sans gluten

$12,000

Summerside
Expansion d'une boutique locale de cadeaux faits main avec de nouveaux produits d'hiver

$15,000

Summerside
Mise en place d'une ferme maraîchère biologique locale avec l'équipement essentiel

grant_single_labels|admissibility

The Micro-Loan Program offers financial assistance to entrepreneurs in Prince Edward Island, providing up to $15,000 per applicant to help with new and expanding business ventures. Applicants must meet specific eligibility criteria outlined below.
  • Trades—recent graduates from trade school or those who have a job offer in a new field but do not have the resources to get set up with new tools or necessary equipment.
  • Qualification Recognition—newcomers to Canada who require some assistance getting back into their previous line of work; this loan can help to cover the costs of a challenge exam or professional fees.
  • Small-scale Food Production—funds available for growers, harvesters, and processors to invest in equipment and materials to increase the supply of food in their communities.
  • Business Start-up—great start-up business idea, an entrepreneurial spirit and a business plan.
  • Winter Production Financing—existing program which provides new and expanding craft and giftware manufacturers with the financing required to increase production of their products during the winter months for sale in the peak selling periods.

grant_eligibility_criteria|who_can_apply

The Micro-Loan Program supports various types of companies with specific financing needs in Prince Edward Island, providing up to $15,000 per applicant with favorable terms. Eligible categories include businesses in trades, qualification recognition, small-scale food production, business start-ups, and winter production financing.
  • Trades—recent graduates or those with job offers who need tools or equipment.
  • Qualification Recognition—newcomers to Canada needing assistance with professional fees or exams to return to their previous fields.
  • Small-scale Food Production—growers, harvesters, and processors needing equipment and materials to increase food supply.
  • Business Start-up—entrepreneurs with a strong business idea and plan.
  • Winter Production Financing—craft and giftware manufacturers needing financing to boost winter production for peak selling periods.

grant_eligibility_criteria|who_cannot_apply

Les compagnies qui ne sont pas éligibles à cette subvention sont généralement celles qui ne remplissent pas les critères spécifiques établis par le programme de financement.
  • Entreprises individuelles
  • Organismes sans but lucratif
  • Cabinets de consultants
  • Entreprises étrangères non établies au Canada

grant_eligibility_criteria|eligible_expenses

Eligible expenses for the Micro-Loan Program include costs related to setting up new businesses or expanding existing ones across various categories.
  • New tools or necessary equipment for trades
  • Challenge exam or professional fees for qualification recognition
  • Equipment and materials for small-scale food production
  • Start-up costs for business start-ups
  • Production costs for winter production financing

grant_eligibility_criteria|zone

Eligible geographic zones for the Micro-Loan Program are limited to Prince Edward Island. Entrepreneurs must be based in Prince Edward Island to apply for this grant.
  • Prince Edward Island

grant_single_labels|criteria

Les critères d'évaluation pour cette subvention incluent principalement l'innovation du projet proposé, son impact économique, sa viabilité financière et sa capacité à créer des emplois. La sélection se base sur la pertinence du projet, son potentiel de croissance et son alignement avec les priorités gouvernementales.
  • Innovation du projet proposé
  • Impact économique
  • Viabilité financière
  • Capacité à créer des emplois
  • Pertinence du projet
  • Potentiel de croissance
  • Alignement avec les priorités gouvernementales

grant_single_labels|register

  • Step 1: Complete the Micro-Loan application, including the Business Plan Section and Cash Flow Forecast.
  • Step 2: Submit the completed application to an Account Manager with Finance PEI.
  • Step 3: The Account Manager will conduct an interview with the applicant(s) to discuss the business proposal and the next steps required to determine eligibility.
  • Step 4: Obtain any necessary licenses, permits, and insurance required for your business and register the business in accordance with Federal, Provincial, or Municipal Regulations.
  • Step 5: Sign all appropriate documentation forms required by Finance PEI, including but not limited to loan agreements and guarantees for each individual with ownership. Additional guarantors and security may be required.
  • Step 6: Repay immediately the full amount of the outstanding loan should the business be sold or transferred during the term of the guarantee, or if the demand for payment is made by Finance PEI.

grant_single_labels|otherInfo

The Micro-Loan Program for entrepreneurs in Prince Edward Island is designed to provide financial assistance of up to $15,000 for new and expanding businesses, encouraging local entrepreneurship. Key requirements include the completion of a business plan, necessary licenses, and immediate loan repayment upon business sale or transfer.
  • Repayment terms of up to 5 years at an interest rate of TD Bank Prime + 4.5%.
  • Funds can be utilized for trades, qualification recognition, small-scale food production, business start-up, and winter production financing.
  • Applicants must submit a Micro-Loan application, including a Business Plan Section and Cash Flow Forecast.
  • Finance PEI will conduct an interview to discuss the business proposal.
  • Additional guarantors and security might be required.

grant_single_labels|contact

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