Financial support for job seekers who want to launch their own business in PEI
Self-Employ PEI
Type of Funding
Grant
Max Funding
N/A
Region
Provincial
Application Difficuty
Complex
Processing Time
Slow (A few months)
Province
Prince Edward Island
Industry
N/A
Funding Goals
Start or acquire a new business.
Demographic
N/A
Incorporated
No
Contact
1-877-491-4766
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
Weekly allowance or employment insurance (EI) benefits for PEI based job seekers who want to launch their own businesses.
Eligibility
You must be legally authorized to work in Canada (Canadian citizen or permanent resident);
You must have a current claim for Employment Insurance benefits; or
You must have a previous EI claim whose benefit period ended within the previous 60 months; or
An unemployed person who paid, in at least 5 of the last 10 years, employee's premiums that did not entitle the person for a refund (ie. If the person made less than $2000 in earnings in a year, any EI premiums that they would have paid, would be reimbursed);
You must not currently be operating your own business;
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