You may be able to get a loan of up to 80% of the value of an expansion, debt consolidation, new construction, refurbishment of fixed assets or the purchase and/or acquisition of a business. To qualify, your business needs to:
- Have a valid tourism establishment licence
- Not be a bed and breakfast
- Have at least 3 lodging units
- Earn at least a 2½-star rating once the project is finished
You have a maximum of 20 years to repay the loan. You can also get up to 100% financing for pre-season preparation of your facility.
Other conditions may apply.