Repayable Contribution
Manufacturing and Processing Assistance
Finance PEI provides term loans and operating financing to manufacturing and processing businesses in Prince Edward Island for the purchase of capital assets, inventory, accounts receivable, and other business growth initiatives. Financing is tailored to the needs and cash flow capacity of the business.
- Maximum financing generally does not exceed 80 per cent of the purchase price or fair market value of the assets, whichever is less. Up to 100 per cent financing may be provided for inventory purchases and account receivables based primarily on purchase orders and signed contracts/ agreements.
- 4.5/5.0
- Prince Edward Island. Finance
- All levels
- Last updated 3 days ago
- English
Description
Finance PEI provides term loans and operating financing to manufacturing and processing businesses in Prince Edward Island for the purchase of capital assets, inventory, accounts receivable, and other business growth initiatives. Financing is tailored to the needs and cash flow capacity of the business.
- Maximum financing generally does not exceed 80 per cent of the purchase price or fair market value of the assets, whichever is less. Up to 100 per cent financing may be provided for inventory purchases and account receivables based primarily on purchase orders and signed contracts/ agreements.
- To assist businesses with purchasing inventory and for the day-to-day operating costs.
- To assist business to purchase and/or refurbishment of capital assets and in some cases, for debt restructuring.
- To help businesses to improve certain business assets, except for vehicles that do not directly contribute to the business’s income or sales.