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Government of Newfoundland and Labrador, Department of Industry, Energy and Technology
Equity funding for business improvement in Newfoundland and Labrador
Helps small and medium-sized businesses in Newfoundland and Labrador get loans to grow and compete better. Supports projects that boost productivity and export potential.
Repayable term loans for SMEs in strategic growth sectors or with export potential, offered at the Bank of Canada rate + 0.5%. Funds are intended to complement conventional financing and increase capital base to leverage new private-sector investments.
Business Size: small, medium
Industries: strategic growth sectors, export-oriented businesses
Region: Newfoundland and Labrador
Revenue Range: Up to $10M
Other Criteria: fewer than 100 employees, demonstrate ability to undertake the work identified in the project proposal, demonstrate ability to access the financial capital required to complete the project, operate in a strategic sector as defined by JGRD, be in good standing with the Government of Newfoundland and Labrador, have export potential and require assistance to enter or expand in external markets (for export-oriented businesses), demonstrate need for funding to complement conventional sources
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This program is available to small, medium businesses in strategic growth sectors, export-oriented businesses industries located in Newfoundland and Labrador.
Contact the program administrator for funding details.
Check the official program website for current deadlines.
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