Tariff Working Capital Assistance Program

Working capital financing to assist PEI businesses impacted by the new export tariffs

A financing program has been developed to provide working capital financing to assist Prince Edward Island businesses impacted by the new export tariffs implemented by the United States of America (the “Tariffs”), ensuring they can maintain operations, preserve jobs, and invest in alternative supply chain strategies. This new loan program will assist qualifying companies to maintain normal business operations during these unprecedented times. Eligible applicants can apply to receive a working capital loan of up to $500,000 with a fixed interest rate of 4% per annum to be used to assist with fixed operating costs with principal payments deferred for 12 months.