Small Business Loan Guarantee Program
As a Nova Scotia resident you could borrow up to $500,000 from a credit union in the form of a loan, line of credit or working capital to start or grow a business.
- Up to 75% guarantee on regular lines of credit, or 90% for immigrant entrepreneurs, social enterprise, forestry and high-risk sectors
- Up to 90% guarantee on term loans
- A repayment term of up to 10 years
- Annual fee charged of 1% of the loan value
Eligibility is based on your business plan, viability, and character.