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Lending Agency

Peter Wilson Chief Executive Officer Lauraine Simpson Administrative Assistant

Confederation Court Office Tower Suite 201, 134 Kent Street PO Box 1420 Charlottetown, PE C1A 7N1 Telephone: (902) 368-6200 Facsimile: (902) 368-6201

The PEI Lending Agency assists new and expanding businesses that exhibit strong growth and export potential while contributing to job and wealth creation. Loans are available to those industries involved in manufacturing and processing, tourism, agriculture, small business, fisheries and aquaculture and information technology . The PEI Lending Agency's mandate also includes financial intermediation and in some cases partnering with other private sector lenders. All applications are subject to an application fee representing the greater of $250.00 or 1/2 of one percent of the amount of the loan proposed.

YOU CAN ASK US ABOUT

• Lending Agency

Administration

OUR STAFF Pauline Sherren Administrative Support Kim G Landrigan Administrative Support Kathy Currie Finance Officer Melissa Rennie Accounting Technician

Agriculture

WHAT WE DO Provides loans to individuals involved in the agricultural industry. Loans are available for the purchase of farm lands and buildings, for the purchase of livestock, farm equipment, storage facilities, construction and/or repairs to barns, land improvements, etc. Operating credit is also available for annual cropping expenses and such loans cover almost all relative expenses for annual cropping and include such items as seed, fertilizer, spray materials, fuels, repairs to machinery, labour, living allowances, utilities, etc. This type of credit is repayable in full on an annual basis. YOU CAN ASK US ABOUT Agriculture Loans OUR STAFF Anne Wood Account Manager Peter Whitlock Account Manager

Fisheries and Aquaculture

WHAT WE DO Provides term loans and operating lines of credit to enterprises involved in the commercial fishery and aquaculture industries. Repayment terms are available suited to the cash flow of the specific enterprise. YOU CAN ASK US ABOUT Aerospace Loans Fisheries and Aquaculture Loans Information Technology Loans Manufacturing and Processing Loans Small Business Loans Tourism Loans OUR STAFF Don Aitken Account Manager Jason Inman Account Manager

Small Business and Tourism

WHAT WE DO This program is designed to meet the special needs of the Island's small business community and entrepreneurs for the following purposes: a) Purchase and/or acquisition of business b) Expansion c) Debt consolidation d) New construction It does not provide working capital for the Small Business sector. The amortization period must coincide with the life of the asset being financed, but in no case, will it exceed twenty (20) years. These loans may be used for the acquisition of machinery, equipment, real property and buildings or other acquisitions of a capital nature. Excluded are vehicles which do not directly contribute to the business's income/sales. In some case, operating capital is available for the Tourism sector for seasonal start up. YOU CAN ASK US ABOUT Fisheries and Aquaculture Loans Small Business Loans Tourism Loans OUR STAFF Don Aitken Account Manager

IT, Aerospace and Manufacturing & Processing

WHAT WE DO The Agency provides both term financing for fixed asset acquisitions and operating capital to finance the businesses accounts receivable and inventory. Capital loans are typically amortized over the life expectancy of the asset and the company's operational cashflow, with maximum financing generally not exceeding 80% of the purchase price or fair market value of the assets, whichever is the lesser. Up to 100% financing may be provided for inventory purchases and account receivables based primarily on purchase orders and signed contracts/agreements. YOU CAN ASK US ABOUT Aerospace Loans Fisheries and Aquaculture Loans Information Technology Loans Manufacturing and Processing Loans OUR STAFF Jason Inman Account Manager

Programs and Services

• Annual Report 2002-2003
• Annual Report 2003-2004
• Annual Report 2004-2005
• Annual Report 2005-2006
• Application and Other Forms

This page last updated Mon Feb 4 16:01:24 2008.