Repayable Contribution
Entrepreneur Loan Program
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.
- 4.5/5.0
- Prince Edward Island. Finance
- All levels
- Last updated 3 years ago
- English
Description
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.