Repayable Contribution
(COVID-19) Tourism assistance loan facility
$50 million tourism assistance loan facility through Finance PEI, with maximum financing of up to $1 million at 4 per cent interest available for working capital. Both the principal payments on the loan, as well as interest, will be deferred for the first 18 months.
- 4.5/5.0
- Prince Edward Island. Finance
- All levels
- Last updated 3 years ago
- English
Description
$50 million tourism assistance loan facility through Finance PEI, with maximum financing of up to $1 million at 4 per cent interest available for working capital. Both the principal payments on the loan, as well as interest, will be deferred for the first 18 months.To support the Island’s tourism industry in response to the COVID-19 public health emergency.