Financial assistance for PEI businesses affected by the COVID-19 pandemic that cannot access other federal and provincial funding

COVID-19 Special Situation Fund for businesses and organizations

Type of Funding

Grant
Loan

Max Funding

N/A

Region

Provincial

Application Difficuty

Average

Processing Time

Medium (A few weeks)

Province

Prince Edward Island

Industry

N/A

Funding Goals

Working capital.
COVID-19 Help.

Demographic

N/A

Incorporated

Contact

peibusinesshelpline@gov.pe.ca

1-866-222-1751

Get A Fast Business Loan

Funds in 24 hours
$5,000 to $500,000
No hidden fees
No collateral
Applying doesn’t impact credit score

Details

Temporary financial assistance for organizations that have been significantly affected by COVID-19 and are not eligible for other forms of federal or provincial financial support.

Eligibility

This program is only for organizations that aren’t eligible for other federal and provincial government programs, including COVID-19 emergency funding programs.
Businesses must have declared business income on their most recent tax return.
Community groups and non-government organizations must have been operating in PEI as of December 31, 2019.

Similar funding programs

EDC – Insurance and financial support for Canadian businesses during the COVID-19 pandemic

Loan

EDC's capacity to help Canadian entrepreneurs expanded in mid-March with the launch of the $10-billion federal Business Credit Availability Program (BCAP). This program allows EDC to offer Canadian businesses of all sizes the credit they need during the COVID-19 pandemic. We are working in concert with the Business Development Bank of Canada (BDC) and private sector lenders to ensure Canadian companies get support during these uncertain times.

Max Funding N/A

Business Credit Availability Program (BCAP)/EDC

Up to $2 million working capital loans and financial support for entrepreneurs impacted by the coronavirus COVID-19

Loan

Working capital loans of up to $2 million with flexible repayment terms such as principal postponements for qualifying businesses plus Reduced rates on new eligible loans and Flexible repayment terms, such as postponement of principal payments for up to 6 months, for existing BDC clients with total BDC loan commitment of $1 million or less

Max Funding $2,000,000.00

Business Credit Availability Program (BCAP)/BDC

Up to $500.000 additional loans plus deferral of principal and interest payments if needed through Farm Credit Canada COVID-19 support program

Loan

Additional loans of up to $500.000 plus deferral of principal and interest payments to ensure producers, agribusinesses, and food processors have access to the cash flow they need to manage through this challenging time

Max Funding $500,000.00

FCC COVID-19 support program

FundingHQ

Financial assistance for PEI businesses affected by the COVID-19 pandemic that cannot access other federal and provincial funding

COVID-19 Special Situation Fund for businesses and organizations

Type of Funding

Max Funding

Region

Application Difficuty

Processing Time

Province

Industry

Funding Goals

Demographic

Incorporated

Contact

Get A Fast Business Loan

Details

Eligibility

Similar funding programs

FundingHQ

Company

Grants

Loans

Resources

Financial assistance for PEI businesses affected by the COVID-19 pandemic that cannot access other federal and provincial funding

COVID-19 Special Situation Fund for businesses and organizations

Type of Funding

Max Funding

Region

Application Difficuty

Processing Time

Province

Industry

Funding Goals

Demographic

Incorporated

Contact

Get A Fast Business Loan

Details

Eligibility

Similar funding programs

FundingHQ

Company

Grants

Loans

Resources

Log in with your credentials

Forgot your details?