Administered by Government of Newfoundland & Labrador · Last verified: July 2026
This Newfoundland and Labrador program provides repayable term loans, and in some cases equity, to small and medium businesses in strategic growth sectors. Loans are priced at the Bank of Canada rate plus 0.5 percent and are meant to complement conventional financing where a need is shown. It also supports businesses with export potential looking to enter or expand in external markets.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityNewfoundland and Labrador Business Investment Program is generally open to incorporated, partnership businesses, in Newfoundland & Labrador, with up to 100 employees, with revenue under $10,000,000. Confirm the full criteria on the official program page before applying.
The estimated value is Repayable term loans at Bank of Canada rate + 0.5%; equity available in some cases. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Confirm the business has fewer than 100 employees and under $10M in sales 2. Complete the Application for Commercial Programs 3. Contact the JGRD office for program details and submit the application
Rolling intake.
Customized loans and advances toward strategic investment costs (case by case)
INCENTIVELoans up to $750,000; non-repayable ABFP contributions up to 40% of expansion costs
INCENTIVEUp to $50,000