Manufacturing and Processing Assistance - Capital Loan
Fuel your PEI manufacturing growth with a capital loan covering up to 80% of asset costs. This repayable financing offers terms up to 20 years to help you buy or refurbish equipment. Verified against the official source on July 3, 2026.
How we verify funding records →
“The loan limit will not exceed 80 percent of the fair market value or purchase price, whichever is less.”
Before you spend a dollar
This is a loan; you must secure approval and arrange financing before purchasing or refurbishing assets.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
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Check your fit →Is this for you?
- You operate a manufacturing or processing business in Prince Edward Island.
- You need funding to buy or refurbish capital assets like specialized equipment, land, or buildings.
- You can provide security for the loan, typically a first charge on the property or asset.
Probably not the right fit if
- You are not engaged in manufacturing or processing, such as pure retail or service businesses.
- You cannot secure the loan with a first charge on the real property or the asset being financed.
- You are looking for a grant or non-repayable funding, since this is a loan that must be repaid.
How much you'd realistically get
Up to 80% of the purchase price or fair market value of the asset; confirm the maximum dollar cap on the official page.
What may be supported
- Purchase of specialized manufacturing equipment.
- Refurbishment of production facilities or buildings.
- Purchase of land for manufacturing or processing operations.
- Debt restructuring for manufacturing businesses (in some cases).
What's excluded or restricted
- A detailed exclusion list for the capital loan is not stated (the separate Intermediate Term Loan product excludes vehicles that do not directly contribute to the business's income, but this distinction is not stated for the capital loan)
How applying works
Effort: moderateYou must contact Finance PEI directly to discuss your project and arrange security; specific application forms are not listed online.
- 01Contact Finance PEI's Commercial and Resource Lending Division at 902-368-6200 or financepei@gov.pe.ca.
- 02Discuss your manufacturing or processing project and confirm eligibility for capital asset purchase or debt restructuring.
- 03Prepare details on the asset's purchase price or fair market value, as financing generally does not exceed 80% of this amount.
- 04Arrange for the loan to be secured by a first charge on the real property or the asset being financed.
- 05Finalize the loan agreement with flexible repayment options aligned to your cash flow, up to a 20-year term.
Who to ask: Phone 902-368-6200; email financepei@gov.pe.ca; 2nd Floor, 94 Euston Street, Charlottetown, PE C1A 7M8
Documents commonly required
- Proof of business engagement in manufacturing or processing in Prince Edward Island.
- Details of the capital asset purchase or refurbishment (purchase price or fair market value).
- Documentation for security (first charge on real property or asset).
- Business financials to support cash flow alignment for repayment (confirm specific requirements on the official page).
How BBN Labs helps
- BBN coordinates qualified partners to refurbish your production facilities, upgrading your building for modern manufacturing and safety expectations.
- BBN sets up the digital side of your new equipment, inventory and production tracking, so new machinery integrates smoothly with your lines.
- BBN guides you through the loan application process, helping you organize quotes and meet deadlines so you don't lose the funding.
What to know before you count on it
- This is a loan, not a grant; you must repay the principal plus interest (interest rate not stated, confirm on the official page).
- The loan is secured by a first charge on the real property or the asset; alternate security may be considered but is not guaranteed.
- Maximum loan term is 20 years; disbursement timing is not stated, confirm on the official page.
- Debt restructuring is only available in some cases; confirm eligibility for this specific use on the official page.
What are your odds?
Approval depends on your ability to secure the loan with a first charge and the viability of your manufacturing or processing business.
Frequently asked questions
Is this money free?
No, this is a loan that must be repaid. Interest rates are not published; confirm on the official page.
What assets can I buy?
You can purchase or refurbish land, buildings, specialized equipment, and in some cases, production inventory.
Do I need to own the land to get the loan?
The loan is secured by a first charge on the real property or the asset. Alternate security may be considered in some cases; confirm details with Finance PEI.
Is there a deadline to apply?
No application deadline is stated; lending is ongoing. Confirm current intake status on the official page.
What you can combine it with
Check if this loan can be combined with other provincial or federal manufacturing grants; confirm stacking rules on the official page.
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Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated July 3, 2026; last verified July 3, 2026 against the official source. Source: official program page.