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:

  • A repayment term of up to ten years
  • An annual administration fee of 1% of the loan value
  • A maximum 75% provincial loan guarantee

Special financing streams for immigrant entrepreneurs, and the forestry and high risk sectors are also available with a 90% loan guarantee. Your acceptance will be based on your business plan and viability.