Finance PEI Small Business Loan Program
Term loans from Finance PEI for purchase/acquisition of business, expansion, debt consolidation, or new construction.
About this program
Finance PEI's Small Business Loan Program is designed to meet the special needs of PEI's small business community and entrepreneurs. The program supports purchase and/or acquisition of business, expansion, debt consolidation, and new construction. It does not provide working capital for the small business sector. Finance PEI offers term loans for purchasing capital assets and operating loans for accounts receivable and inventory, with capital loans amortized over the life expectancy of the asset and based on the company's operational cash flow.
Eligibility
PEI small businesses and entrepreneurs needing financing for business purchase/acquisition, expansion, debt consolidation, or new construction. Excludes working capital needs.
Requirements
- PEI-based small business or entrepreneur
- Purpose is purchase/acquisition, expansion, debt consolidation, or new construction
- Business plan and financial projections