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Loans are available
to develop and sustain aquaculture for finfish,
shellfish and seaplants.
The applicant must:
- Be a Canadian citizen or a registered Nova Scotian
company in good standing.
- Show evidence of competency in aquaculture.
Financing is available for:
- Salmonoid seed stock.
- Shellfish seed/spat.
- Collection materials, grow-out equipment and materials.
- Rafts, buoys, floatation devices, anchors, nets,
cages for finfish grow-out, small boats, outboard
motors and onboard gear handling devices.
Note: Motor vehicles, real estate and feed
are not eligible for financing.
General Information
- Minimum deposit is 10% of requested loan amount.
- Interest rate is set quarterly but is fixed for
term of loan. Present interest rate is 6.50%.
- Security: Chattel mortgage on equipment. Promissory
note, personal guarantee and insurance on gear.
- All loans are subject to a Loan Approval Processing
Fee and a Mortgage Registration Fee.
| Finfish fry |
Upon harvest |
| Finfish - equipment |
10 years maximum |
| Mussel spat |
Upon harvest |
| Mussel - equipment |
10 years maximum |
| Oyster spat |
Upon harvest |
| Oyster - equipment |
15 years maximum |
For more information on loans, see the Fisheries
and Aquaculture Loan Board.
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