# Entrepreneur Loan Program

**Type:** Grant
**Category:** Other Programs
**Funding Amount:** Up to CAD 100,000 CAD
**Eligible Regions:** Prince Edward Island
**Official Source:** https://www.princeedwardisland.ca/en/information/finance-pei/entrepreneur-loan-program

## About This Program

Loan for PEI entrepreneurs

## Details

The Entrepreneur Loan Program is an initiative of the Province of Prince Edward Island designed to help make financing available for the purpose of helping new businesses get started and established firms make improvements and expand, to improve access to loans that would not otherwise be available to small businesses up to 100% of the loan request, less the recoverable taxes, and to stimulate economic growth and create jobs for Islanders.  The Entrepreneur Loan Program provides entrepreneurs with up to $100,000 for use as an investment in new and existing Prince Edward Island businesses. Loans are sourced directly through Finance PEI with terms up to a maximum of seven years. Interest is charged at a floating rate of TD Bank prime plus three (3) per cent.

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