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.

Demographic

N/A

Incorporated

No

Contact

DAAF-MAAP@gnb.ca

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

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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