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Archived - Small and Medium-sized Enterprise Fund

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Website and Administrative Organization(s):   Small and Medium-sized Enterprise Fund
Department of Innovation, Trade and Rural Development (Government of Newfoundland and Labrador)
Relevance to Implementation of a TRM: Program or service that provides support to a wide range of firms, with no specific emphasis on innovation or technology.
Industry: All Industries
Location: Newfoundland and Labrador
Objective(s): The Small and Medium-sized Enterprise Fund provides term loans and equity investments to small and medium-sized businesses in strategic growth sectors with special emphasis on:
  • value-added manufacturing;
  • information technology;
  • aquaculture;
  • bio-technology;
  • marine services;
  • agrifoods; and
  • tourism.
Focus:
  1. Financing
Eligibility: Eligible applicants include Newfoundland:
  • proprietors;
  • partnerships;
  • corporations;
  • co-operatives; or
  • non-profit commercial organizations.


Eligible activities include:
  • purchasing of fixed assets including land, building, and equipment and excluding on-road vehicles, snowmobiles and ATVs;
  • constructing,expanding or renovating of building(s) including leasehold improvements;
  • working capital for growth; and
  • purchasing intangible assets where such assets form an integral part of a business venture (e.g. patents, technology rights).
Value:
  • Term Loan: Up to $250 000 total funding per project at Department's base rate plus 3 percent interest with a minimum applicant investment of 20 percent of project costs.
  • Equity Investment: Up to $250 000 per project with an applicant investment of up to 20 percent of project costs.
Application Process: Please see Application for Assistance (PDF, 159 KB, 7 pages).

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