Small Business Loans
Applies to: Prince Edward Island
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.
This includes:
- 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, purchase of fixed assets. Maximum term for a loan is 20 years.
