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Government of Nova Scotia, Department of Fisheries and Aquaculture
Loan to purchase fishing licence and gear in Nova Scotia
Helps businesses cover the cost of a fishing licence and necessary gear to enter or diversify in the fishing industry.
Long-term loans to new and established fishers, aquaculturists, seafood processors, and boat builders in Nova Scotia for financing license purchases, enterprise expansion, vessel acquisition, and diversification, featuring competitive interest rates, flexible payment options, and optional loan life insurance.
Business Size: small, medium
Industries: fishing, aquaculture, seafood processing, boat building
Region: Nova Scotia
Other Criteria: New entrants, active fishers, aquaculturists, seafood processors, and boat builders, or those looking to reenter the industry, Fishing Master IV or five years of experience as a captain (with Transport Canada approval), Demonstrates financial stability; poor credit may require larger down payment or guarantor
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This program is available to small, medium businesses in fishing, aquaculture, seafood processing industries located in Nova Scotia.
Contact the program administrator for funding details.
This program accepts applications on a rolling basis.
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