# Manufacturing and Processing Assistance - Capital Loan

**Type:** Grant
**Category:** Other Programs
**Eligible Regions:** Prince Edward Island
**Official Source:** https://www.princeedwardisland.ca/en/information/finance-pei/manufacturing-and-processing-assistance

## About This Program

Loan to purchase or refurbish capital assets in Prince Edward Island (PEI)

## Details

Finance PEI, through the Manufacturing and Processing Assistance, offers term loans for purchasing and/or refurbishing capital assets and in some cases, debt restructuring. The maximum term for a loan is 20 years and has flexible repayment options, which are in line with your business’s cash flow. Loans are secured by first charge on real property or the asset being financed but in some cases alternate security may be considered. The loan limit will not exceed 80 percent of the fair market value or purchase price, whichever is less.

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