Theatrical documentary program — Indigenous stream
Highlights
This program is a fantastic opportunity for your business. It offers up to $1,000,000 in financing, with an additional $150,000 available for software or day-to-day operating costs. This funding can be used for a variety of needs, including operating expenses, restorations, new equipment, and software. The key difference between this loan and others is that it is backed by the government, providing you with more flexible repayment options, including up to 15 years to pay it back.
Applying for this program is straightforward, and qualifying is easier than you might think. Being approved will provide your business with the financial support it needs to grow and thrive. This program is designed to help you make important purchases and investments, ensuring your business can operate smoothly and efficiently. Don't miss out on this chance to secure the funding you need to take your business to the next level.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Equipment purchases
- Leasehold improvements
- Marketing and promotional activities
- Research and development costs
- Training and development for employees
Use of Funds:
- Funds cannot be used for debt repayment.
- Funds cannot be used for personal expenses.
- Funds cannot be used for activities outside the scope of the business.
Fees:
- No application fees.
- No processing fees.
Qualifications
- Must be a small or medium-sized enterprise (SME).
- Must have a Canada Revenue Agency Business Number.
- Business must be operating in Prince Edward Island.
Currently exporting or planning to start exporting.
Disqualifications:
- Businesses in the retail/wholesale sector.
- Real estate businesses.
- Government services.
- Personal or social services.
- Softwood lumber industry.
- Professional services such as marketing firms, creative agencies.
Description
This program provides your business with up to $1,000,000 in funding. You can use up to $500,000 of this amount to buy equipment or improve your rented space.
Eligible expenses include:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs, like software or operational expenses, the program offers up to $150,000.
The federal government guarantees 85% of the loan, giving you a significant safety net.
Flexible repayment options are available. You can choose a variable interest rate, a fixed rate, or a combination of both.
You have up to 15 years to repay the loan, regardless of how you use the funds.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. You will need:
- Business registration documents
- Financial statements (balance sheet, income statement)
- Business plan
- Tax returns for the past two years
- Identification documents for business owners
Complete the Application Form: Fill out the application form provided on the program's website. Ensure all fields are accurately completed to avoid delays.
Submit Supporting Documents: Attach the prepared documentation to your application. Double-check that all required documents are included.
Review and Confirm Application: Carefully review your completed application and attached documents. Confirm that all information is correct and complete.
Submit the Application: Submit your application through the designated submission portal or email address provided by the program.
Follow Up: After submission, monitor your email for any communication from the program administrators. They may request additional information or clarification.
Await Approval: Wait for the program administrators to review your application. This process may take several weeks.
Respond to Inquiries: If contacted for further information or clarification, respond promptly to ensure your application progresses smoothly.
Receive Notification: Once your application is reviewed, you will receive a notification of approval or denial. If approved, follow the instructions provided to access the program benefits.
Implement the Program Benefits: Upon approval, utilize the program benefits as outlined in your application to support and grow your business.