Hello,

If you're in the fishing business or thinking about joining, this program is designed just for you. Long-term loans are available to help you cover the cost of a fishing license or a license with the necessary gear. This means you can start fresh, re-enter the industry, or diversify into new species without the immediate financial strain. With a maximum 20-year term, you'll have plenty of time to manage repayments comfortably.

Here's what's in it for you:

• Competitive interest rates: Save money over the life of the loan.
• Flexible payment options: Tailored to fit your cash flow needs.
• Designed for Nova Scotia’s seafood sector: Terms and conditions that align with your business needs.

This program is a smart choice for new entrants, commercial fishers, or those looking to reenter the industry. It's easier to qualify than you might think, and once approved, you'll have the financial support to focus on what you do best—growing your business.

The financing provided through this program is structured as a Loan. This loan is specifically designed to support the acquisition of licenses or licenses along with associated gear for businesses in the fisheries and aquaculture sector. The aim is to facilitate entry, re-entry, or diversification within the industry.

Repayment Terms and Interest Rates:

• The loan offers a maximum term of 20 years, allowing for long-term financial planning and sustainability.
• Interest rates are competitive and tailored to the needs of Nova Scotia’s seafood sector.
• Flexible payment options are available, including various amortization periods to suit different business scales and plans.

Eligible Expenses:

• Funds from this loan can be used towards the cost of purchasing a new license or expanding with additional licenses.
• Costs associated with gear that is necessary for the operation under the new or expanded licenses are also covered.

Restrictions on Use of Funds:

• The loan cannot be used for non-business related expenses or activities outside the scope of fisheries and aquaculture.

Fees:

• There may be application or processing fees associated with this loan, details of which can be provided upon request or at the time of application.

This structured financial support is designed to bolster growth and sustainability in the fisheries sector, ensuring that businesses can thrive with adequate funding and flexible repayment options.

If you're looking to dive into the fishing industry or expand your current operations, this program is a great opportunity. It offers long-term loans to cover the cost of a fishing license or a license with the necessary gear. This means you can either start fresh, re-enter the industry, or diversify into new species without the immediate financial strain.

The loan comes with a maximum 20-year term, giving you plenty of time to manage repayments comfortably. Plus, the interest rates are competitive, and payment options are flexible, making it easier for you to focus on growing your business rather than worrying about financial hurdles.

This program is tailored for Nova Scotia’s seafood sector, ensuring that the terms and conditions are designed with your specific needs in mind. Whether you're a new entrant, a commercial fisher, or someone looking to reenter the industry, this support can be a game-changer for your business.