Tourism Financing Assistance - Long Term Loan

Tourism businesses in Prince Edward Island often face large upfront costs when buying property, upgrading facilities, or preparing for a busy season. The Tourism Financing Assistance – Long Term Loan is designed to make those investments more manageable, offering repayable financing to help tourism operators move forward with confidence. Delivered by Finance PEI on behalf of the provincial government, the program supports a wide range of capital needs tied directly to strengthening PEI’s tourism economy.

This financing can be used for projects such as purchasing or expanding an existing tourism business, building or renovating accommodations, repairing restaurants, or investing in major equipment and fixed assets. It’s particularly relevant for operators looking to modernize their facilities, improve guest experiences, or develop attractions that encourage visitors to stay longer or travel outside the peak summer season. Loan amounts vary by project and are structured over longer terms to better align repayments with the useful life of the assets being financed, making it a practical option for established small and medium-sized tourism businesses.

For tourism operators planning a significant investment or restructuring in Prince Edward Island, this long-term loan program can play a key role in turning plans into reality. Reviewing the full program details can help determine how this financing fits with your business goals and upcoming projects.