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

Get A Fast Business Loan

Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +

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

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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