Development Loan Program
PictureNL may provide a loan to qualified applicants to support the essential process of development that takes an idea through the stages of research, writing, market analysis, and costing.
Offered by PictureNL
Amount
Loan of up to 33% towards an eligible project’s development budget financing, to a maximum of $35,000 in total over all phases (up to three phases) for one single project
Quick eligibility check
Who can apply
Applicants must:
- Be incorporated Newfoundland and Labrador film and video production companies
- demonstrate that their primary focus is on the development, production, and distribution of film and video products, and
- At least 51% owned by a resident of Newfoundland and Labrador as
described for individuals.
a. For the purposes of these guidelines, a Newfoundland and Labrador Resident is
a person who has maintained a principle residence in Newfoundland and Labrador for at least 12 consecutive months immediately prior to the date of application
About the funding
PictureNL may provide a loan to qualified applicants to support the essential process of development that takes an idea through the stages of research, writing, market analysis, and costing. Support for the development of a project does not, in any way, guarantee funding by PictureNL in later stages of the project.
PictureNL’s Development loan program can invest up to 33% towards an eligible project’s development budget financing.
Production companies can apply for up to three phases of development for one single project to a maximum of $35,000 in total over all phases or for larger projects, the full $35,000 can be accessed in one phase.
The Development Loan Program is considered “an advance on equity” and once the Script Development Agreement has been executed, the Producer agrees to repay the Corporation the total Advance amounts owing on the earlier of:
Show all funding details
- the first day of principal photography of the Film or of any cinematographic, video or audio-visual work based on whole or in part upon the Screenplay or any other use of the Screenplay;
- the sale, transfer, assignment or other disposition of the Screenplay.
Eligible development projects may include script writing/treatments, associated costs and demo reels.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| BDC Small business loan | Loan | Up to $350,000 per BDC Small Business Loan: up to $100K (up to 6 months interest-only payments, 5-year amortization) or over $100K and up to $350K (up to 12 months interest-only payments, up to 8-year amortization) | Open |
| BDC Working capital loan | Loan | No fixed amount | Open |
| Business Development Program (BDP) | Loan | Interest-free, unsecured repayable funding of up to 50% of the capital needed to grow or launch a business | Open |
| BDC Growth & Transition Capital: Creation and culture | Loan | Loans of more than $350,000 (loans of $350,000 or less go through the Small Business Loan), with a higher percentage of financing, longer repayment periods and payments matched to your cash flow, plus consulting services | Open |
