Small Business Loan Guarantee Program: COVID-19 Response Stream

The Small Business Loan Guarantee Program is available through participating Credit Unions* and provides funding to eligible Nova Scotian small businesses. The COVID-19 stream provides short-term support to impacted businesses.

Qualifying small businesses may be granted loans up to $25,000 in the form of a term loan of up to 10 years. The maximum guarantee supplied by the Province of Nova Scotia will be 100 percent of the value of all facilities granted.


UPDATE MAY 26th, 2020:

After assessing the level of funding still available for this program it was found that a modest amount of funding is still available, therefore, additional applications are being accepted on a first-come-first-served basis. The application will close as soon as the funding ceiling is met.

The province of Nova Scotia has made up to $20M of total funding available through this stream.


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