grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Prêts et investissements
grant_single|eligibleIndustries
  • Commerce de détail
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 un prêt allant jusqu’à 100 000 $, d’une durée maximale de 7 ans, pour le démarrage, l’amélioration ou l’expansion d’une entreprise.

grant_single_labels|projects

The Entrepreneur Loan Program provides financing for new businesses to start and for established firms to improve and expand. Eligible activities must help stimulate economic growth and create jobs for Islanders.
  • New business startups
  • Improvements and expansion for established firms
  • Purchase of capital costs
  • Working capital financing (up to $35,000)
grant_single|admissibleProjectsExample

$55,000

Fredericton
Rénovation et amélioration d'un centre communautaire existant

$90,000

Moncton
Création d'une application mobile pour la promotion du tourisme local

$80,000

St. John's
Lancement d'une entreprise sociale axée sur la réduction des déchets à St John's

$60,000

Charlottetown
Établir une boulangerie locale avec des pratiques durables

$94,000

Halifax
Lancement d'une startup technologique axée sur les solutions IA

$35,000

Summerside
Expansion d'un projet de jardin communautaire

grant_single_labels|admissibility

Applicants must meet specific criteria to qualify for the Entrepreneur Loan Program in Prince Edward Island.
  • You must be a resident of Prince Edward Island, be 18 years of age or older, and be owner/operator of the business.
  • If the business is a partnership, each partner must be a co-applicant. For a corporation, each shareholder must be a co-applicant.
  • At the time of the loan approval, you must have 10 per cent of the total loan available in equity.
  • Working capital financing will not exceed $35,000.
  • Funding for capital costs will only be issued when Finance PEI receives invoices/receipts, minus refundable taxes.
  • Specific activities within certain sectors such as pawnbrokers, pay day loan, cheque cashing, white label cash machines, consulting, and several other services listed are not eligible for financing.
  • Businesses will only be eligible for financing when sufficient capacity exists for the industry in the area, as determined by the staff of Finance PEI.

grant_eligibility_criteria|who_can_apply

The Entrepreneur Loan Program supports eligible businesses in Prince Edward Island by providing financing for new and existing ventures. To qualify, businesses must avoid specific ineligible sectors such as pawnbroking, consulting, and food services.
  • New businesses looking to get started.
  • Established firms aiming to make improvements or expand.

grant_eligibility_criteria|who_cannot_apply

The Entrepreneur Loan Program excludes specific types of companies from eligibility due to existing supports or industry capacity considerations.
  • Pawnbrokers, payday loan, cheque cashing, and white label cash machines
  • Consulting
  • Grocery/convenience stores
  • Food and beverage services
  • Fishing, farming, and forestry where similar supports already exist
  • Real estate development/brokerage, bed & breakfast/motel/cottage operation, and insurance or business brokerage
  • Schools, charities, and religious organizations, and professional/financial services

grant_eligibility_criteria|eligible_expenses

The Entrepreneur Loan Program allows for financing of various business expenses aimed at new and existing businesses in Prince Edward Island.
  • Investment in new businesses
  • Improvements and expansions for established firms
  • Working capital financing (up to $35,000)
  • Capital costs (issued upon receipt of invoices/receipts, minus refundable taxes)

grant_eligibility_criteria|zone

The eligible geographic zones for this grant are within Prince Edward Island, Canada.
  • Prince Edward Island

grant_single_labels|criteria

Les critères d'évaluation pour cette subvention incluent la viabilité économique du projet et son impact sur l'économie canadienne.
  • Viabilité économique du projet
  • Impact sur l'économie canadienne

grant_single_labels|register

  • Step 1: Complete the Entrepreneur Loan application form.
  • Step 2: Complete the Business Plan form.
  • Step 3: Complete the Cash Flow Forecast form, including a minimum of two to three years' cash flow projections.
  • Step 4: Submit the completed application and business plan to an account manager with Finance PEI.
  • Step 5: Attend an interview conducted by the account manager to discuss the business proposal and determine eligibility.

grant_single_labels|otherInfo

The Entrepreneur Loan Program in Prince Edward Island provides financial assistance to new and existing businesses with favorable loan terms and requirements.
  • Loans are up to $100,000 with a maximum term of seven years.
  • Interest rate is TD Bank prime plus three (3) per cent.
  • Businesses in certain sectors such as consulting, grocery stores, and food services are not eligible.
  • A capital cost funding requires submission of invoices/receipts minus refundable taxes.
  • Businesses must demonstrate sufficient industry capacity in the area as determined by Finance PEI staff.

grant_single_labels|contact

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