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.

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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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