Small Business Assistance
If you have a Prince Edward Island business with fewer than 100 employees and sales under $10 million, you can apply for a small business loan to purchase or expand a business, consolidate debt or undertake new construction.
- Intermediate-term loans — Should coincide with the life of the asset being financed, but will not exceed 10 years
- Long-term loans — Can be used for debt restructuring, expansion, refurbishment, and the purchase of fixed assets. Maximum term is 20 years
Other conditions apply.