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Implement Your Technology Roadmap (TRM)

Archived - Manufacturing and Processing Loans

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Website and Administrative Organization(s):   Manufacturing and Processing Loans
Lending Agency (Government of Prince Edward Island)
Relevance to Implementation of a TRM: Program or service that provides support to a wide range of firms, with no specific emphasis on innovation or technology.
Industry: Manufacturing
Location: Prince Edward Island
Objective(s): P.E.I.'s Lending Agency assists new and expanding businesses with particular emphasis on those that exhibit strong growth and export potential while contributing to job and wealth creation.

Loans are available to finance land and buildings, specialized equipment, and in some cases, production inventory.
Focus:
  1. Financing
Eligibility: Eligible applicants include any person meeting the following criteria:
  • Carries on business, or intends to carry on business, in the province of Prince Edward Island; and,
  • Operates a business which produces a product by mechanical method from a raw material that is altered to add value.
Value: Financial Assitance:
  • Capital Loans: Up to 80 percent of the fair market value or purchase price
  • Operating Loans: Up to 100 percent financing may be provided for operating expenses
Application Process: Please see the contact information on this page: Manufacturing and Processing Loans.
Date Modified: 2010-08-24

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