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Government of Nova Scotia, Department of Fisheries and Aquaculture
Loans for fishing vessels, engines and equipment in Nova Scotia
Helps fishing businesses buy or build vessels and install necessary equipment. Provides loans for purchasing, building, or modifying fishing boats.
Finances all types of vessel-related projects (purchase, build, modifications, equipment upgrades) with competitive interest rates, flexible payment options, and amortization periods. Includes optional loan life insurance and advisory support from Marine Industry Liaison Officers (MILOs).
Business Size: small
Industries: fisheries, aquaculture, seafood processing, boat building
Region: Nova Scotia
Other Criteria: active fishers, aquaculturists, seafood processors, boat builders, individuals looking to get into or get back into the industry, Fishing Master IV ticket or five years of experience as a captain (Transport Canada approved), willingness to discuss credit history and current finances (poor credit score/prior bankruptcy may require larger down payment or guarantor/co-signer)
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This program is available to small businesses in fisheries, 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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