Up to $100.000 working capital loans for PEI small businesses facing difficulties caused by the Covid-19 pandemic

Emergency Working Capital Financing

Type of Funding

Loan

Max Funding

100,000.00

Region

Provincial

Application Difficuty

Average

Processing Time

Medium (A few weeks)

Province

Prince Edward Island

Industry

Other.

Funding Goals

Working capital.
COVID-19 Help.

Demographic

N/A

Incorporated

Yes

Contact

financepei@gov.pe.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

Emergency working capital financing to assist Prince Edward Island businesses affected by the COVID-19 pandemic. PEI companies can access loans up to $100,000 with a fixed interest rate of 4% per year.

Eligibility

Existing small businesses (startups not eligible) located and operating in the Province of PEI, and have been generating revenue on PEI
Registered to conduct business within the Province of PEI
The applicant has a satisfactory credit rating and must not have any defaulted outstanding debt obligation on file in the Province’s Central Default Registry

Similar funding programs

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