Manufacturing and Processing Assistance
“Prince Edward Island. Finance”
The funder does not disclose this information
Maximum Eligible Amount
Repayable Contribution
Fund Type
Finance PEI offers term loans for purchasing capital assets and operating loans for the business’ accounts receivable and inventory. Capital loans are to be amortized over the life expectancy of the asset and based on the company's operational cash flow. 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.
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