BNB-Aquaculture Guaranteed Loan

This document is based on information from the Government of New Brunswick (Services) Web site, February 2008.

The Aquaculture Guaranteed Loan is a guarantee made on a portion of an operating line of credit that is given to an aquaculture enterprise from a bank for working capital purposes.

Eligibility Criteria

• Applicants must not have any loans in arrears with the Department.
• The project must involve the production and harvesting of fin-fish, shell-fish or aquatic plants.
• The project must demonstrate a potential for permanent employment opportunities or significant potential for increasing sales, and must show commercial viability.
• The applicant will have a minimum equity position of 20% of the total assets (including the assets to be acquired through the project).
  
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Summary

Loan guarantees may be provided to individuals, companies, partnerships and/or associations who are residents of the Province of New Brunswick and who are operating within the Province of New Brunswick.

For more information, call Business New Brunswick at: 506-453-3890.

New Brunswick Contact(s):
Business Financial Support
Business New Brunswick
P. O. Box 6000
Fredericton, New Brunswick  E3B 5H1
Telephone: 506-453-3890
Fax: 506-444-4182