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Government of Newfoundland and Labrador, Department of Industry, Energy and Technology
Loan for business improvement in Newfoundland and Labrador
Helps small businesses and non-profits get a loan to boost productivity and improve competitiveness. The loan has a low interest rate plus a small fee.
Repayable term loans at an interest rate equal to the Bank of Canada rate + 0.5%, intended to complement conventional funding, increase capital base, and leverage new private-sector investments.
Business Size: small, medium
Industries: renewable energy, oil & gas, critical minerals & mining, technology, ocean technology
Region: Newfoundland and Labrador
Revenue Range: Up to $10M
Other Criteria: fewer than 100 employees, ability to undertake proposed work, ability to access complementary financial capital, in good standing with Government of Newfoundland and Labrador, have export potential and require assistance to enter or expand in external markets
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This program is available to small, medium businesses in renewable energy, oil & gas, critical minerals & mining industries located in Newfoundland and Labrador.
This program offers funding up to $10,000,000.
Check the official program website for current deadlines.
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