Finance PEI Fishers Low Interest Loan Program
Term loans and operating lines of credit for PEI commercial fishery and aquaculture businesses with cash-flow-matched terms.
About this program
Finance PEI administers the Fishers Low Interest Loan Program, providing term loans and operating lines of credit to businesses in PEI commercial fishery and aquaculture. Repayment terms match the cash flow of the business, accommodating the seasonal nature of fishing operations. The program is designed to address financing needs unique to the fishing industry, including vessel acquisition, gear, equipment, and working capital between fishing seasons.
Eligibility
PEI commercial fishery and aquaculture businesses requiring term loans or operating lines of credit. Must be licensed and active in commercial fishing or aquaculture in PEI.
Requirements
- PEI-based commercial fishery or aquaculture business
- Valid fishing licence(s)
- Demonstrated cash flow from fishing operations