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.
- 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, social enterprises and certain industries are also available with a 90% loan guarantee. Your acceptance will be based on your business plan and viability.
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