Manufacturing and Processing Assistance - Capital Loan
Prince Edward Island
Government of Prince Edward Island, Finance PEI
Funding Limits
80% of eligible costs
Program Contact Details
financepei@gov.pe.ca
902-368-6200
Industry
Manufacturing and Processing
What is this funding for?
Loan to purchase or refurbish capital assets in Prince Edward Island (PEI)
Program Description
Finance PEI, through the Manufacturing and Processing Assistance, offers term loans for purchasing and/or refurbishing capital assets and in some cases, debt restructuring. The maximum term for a loan is 20 years and has flexible repayment options, which are in line with your business’s cash flow. Loans are secured by first charge on real property or the asset being financed but in some cases alternate security may be considered. The loan limit will not exceed 80 percent of the fair market value or purchase price, whichever is less.
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