SituationalLoanOpen
NL Aquaculture Working Capital Loan Guarantee Program
NL Dept. of Fisheries and Aquaculture · Provincial
In plain language
Companion to ACEP — instead of equity, this program provides a provincial loan guarantee on commercial working-capital financing. Addresses the genuine problem that aquaculture grow-out cycles (salmon: 18–24 months; mussels: 24–30 months) tie up cash long before harvest revenue lands. Allows NL producers to unlock bank lines of credit that would otherwise be unavailable or punitively priced. Apply through your existing commercial lender with NL Aquaculture Development staff supporting the submission.
Realistic range
$100,000 – $5,000,000
Avg award
$800,000
Max advertised
$5,000,000
Cost share
—
Accessibility
3 / 5
Effort
3 / 5
Deadline
Continuous intake
Repayable?
Yes
Who qualifies
Entity types
Incorporated, Incorporated
Sectors
Fisheries
Regions
NL Wide
Demographics prioritized
None specifically
What you'll have to report
Lender loan servicing; quarterly or annual financial statements to department; aquaculture licence good-standing.