Business Investment Program — Term Loan

Loan for business improvement in Newfoundland and Labrador

The Business Investment Program provides term loans to small and medium-sized enterprises (SMEs) in strategic growth sectors as identified by Industry, Energy and Technology. The fund is also available to businesses which have export potential and require assistance to enter or expand in external markets. Funds are provided to complement funding from conventional sources, where a need has been demonstrated, and are also intended to increase the capital base of businesses allowing them to leverage new private-sector investments.

1. Review eligibility criteria 2. Contact the nearest Industry, Energy, and Technology (IET) office for guidance 3. Obtain the "Application for Commercial Programs" form 4. Prepare a detailed project proposal and gather financial documents 5. Complete the application form accurately 6. Attach all required supporting documents 7. Review the application for completeness 8. Submit the application to the IET office