Small Business Loan Guarantee Program

Nova Scotia Cooperative Council • Applies only to: Nova Scotia

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.

Conditions include:

  • 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.

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