Programme de prêt pour les navires de pêche ### 📋 Eligible Entities - Commercial fishing operations and enterprises - Fishing vessel owners and operators - Partnerships engaged in commercial fishing activities - Cooperatives in the fishing industry - Small to medium-sized fishing businesses - Individuals operating as sole proprietors in commercial fishing ### 💰 Funding Details - Loan Type: Term loan (not a grant—repayable financing) - Eligible Amount: Financing for vessel acquisition, construction, and equipment installation - Repayment Structure: Fixed terms with scheduled repayment obligations - Interest Rate: Subject to program terms (consult program administrator for current rates) - Matching Requirements: Typically requires applicant equity contribution (percentage varies by program iteration) - Collateral: Vessel and equipment serve as security ### 🛠️ Approved Expenses - Purchase of new or used fishing vessels - Construction of custom fishing vessels - Installation of marine engines and propulsion systems - Installation of fishing equipment and technology - Electronic navigation and fish-finding equipment - Communications and safety systems - Technical modifications to existing vessels - Equipment upgrades to improve vessel performance or compliance ### ⚠️ Conditions & Milestones - Applicant Requirements: Must demonstrate commercial fishing operation credentials and maritime licensing - Vessel Standards: Vessel must meet Canadian maritime regulations and safety standards - Business Plan: Detailed operational and financial plan required - Credit Assessment: Standard credit review and financial viability evaluation - Loan Disbursement: Funds released upon vessel acquisition/completion and inspection - Repayment Terms: Typically 5-15 years depending on vessel type and loan amount - Insurance Requirement: Vessel insurance mandatory throughout loan period - Compliance: Borrower must maintain fishing licenses and regulatory compliance - Reporting: May require periodic financial and operational reporting