Loans for new entrants into the NB commercial fishing industry
Government of New Brunswick, Department of Agriculture, aquaculture and fisheries - New Entrant Fisheries Loan Program
Type of Funding
Loan
Max Funding
N/A
Region
Provincial
Application Difficuty
Average
Processing Time
Medium (A few weeks)
Province
New Brunswick
Industry
Agriculture and agri-food and Forestry/fishing and hunting.
Funding Goals
Start or acquire a new business.
Working capital.
Working capital.
Demographic
N/A
Incorporated
No
Contact
DAAF-MAAP@gnb.ca
Apply For A Loan
Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +
Funds in 24 hours
$10,000 to $800,000
Details
Financial assistance for the construction, purchase or repairs of commercial fishing vessels and/or fishing equipment for individuals who never owned a vessel-based commercial fishing license in NB.
Eligibility
New entrants, defined as someone who has owned an aquaculture license for five years or less, are eligible for lower interest rates and equity requirements.
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