Business Investment Program
The Business Investment Program provides term loans to small and medium-sized enterprises (SMEs) in strategic growth sectors as identified by Jobs, Growth and Rural Development. The fund is also available to businesses which have export potential and require assistance to enter or expand in external markets.
Offered by Jobs, Growth and Rural Development (Government of Newfoundland and Labrador)
Amount
Repayable term loans at an interest rate equal to the Bank of Canada rate + 0.5%
Quick eligibility check
Who can apply
SME based in NL, under 100 employees, less than $10M in sales, in a strategic growth sector, able to access required capital and in good standing with the province.
About the funding
The Business Investment Program is in the form of repayable term loans at an interest rate equal to the Bank of Canada rate + 0.5%. Interest rates are subject to change. Please consult with the JGRD office near you for further information on interest rates.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| EDC Direct lending | Loan, Loan Guarantee | Direct loans that typically start at $1 million, structured to match your business needs, priced in line with commercial market rates | Open |
| EDC Structured and Project Finance | Loan | No fixed amount | Open |
| BDC Indigenous Entrepreneur Loan | Loan | Up to $350,000 | Open |
| BDC Newcomer entrepreneur | Loan | Up to $50,000 | Open |
