Entrepreneur Loan Program
“Prince Edward Island. Finance”
$100,000.00
Maximum Eligible Amount
Repayable Contribution
Fund Type
The Entrepreneur Loan Program provides entrepreneurs with up to $100,000 for use as an investment in new and existing Prince Edward Island businesses. Loans are sourced directly through Finance PEI with terms up to a maximum of seven years. Interest is charged at a floating rate of TD Bank prime plus three (3) per cent.
- Helping new businesses get started and established firms make improvements and expand
- To improve access to loans that would not otherwise be available to small businesses up to 100% of the loan request, less the recoverable taxes
- To stimulate economic growth and create jobs for Islanders.
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