Business Investment Program (Newfoundland and Labrador)
Department of Jobs, Growth and Rural Development, Newfoundland and Labrador
Repayable term loans for small and medium businesses in strategic growth sectors, priced at the Bank of Canada rate plus 0.5%.
- Value
- Not stated by source
- Intake
- Ongoing
- Last verified
- September 20, 2026
About the amount
Term loans rather than grants, for small and medium-sized businesses in the province's strategic growth sectors or with export potential. Intended to complement conventional financing where a need is demonstrated, not replace it.
What to know
This is lending, not a grant, but at the Bank of Canada rate plus 0.5% it is priced well below commercial credit, which can make it the cheapest capital available to an eligible NL business.
Documents you'll likely need
- Business plan
- Financial statements and projections
- Details of the strategic growth sector you operate in
Source
https://www.gov.nl.ca/jgrd/funding/business-investment-program/CashRadar identifies potential matches. Final eligibility is determined by the program administrator. CashRadar is an independent service and is not affiliated with the Government of Canada or any provincial government.