To date, the Innovation and Business Investment Corporation (IBIC) has approved $3.11 million in loan guarantees, $474,000 in down payment loans and $269,000 in interest rebates.
Fisheries, Forestry and Agriculture, Minister Gerry Byrne has announced approvals through the Harvester Enterprise Loan Program, which was launched last July. The Harvester Enterprise Loan Program supports the development of the fish harvesting industry through loan guarantees, down-payment loans and interest rebates to fish harvesters. To date, the Innovation and Business Investment Corporation (IBIC) has approved $3.11 million in loan guarantees, $474,000 in down payment loans and $269,000 in interest rebates. Harvesters interested in applying for the program should complete an application form available on the Harvester Enterprise Loan Program website. The program offers increased loan guarantees of up to $2 million for license acquisition, $3 million for vessel-only related items, and $4 million for combining of enterprises. Approvals will be based on budget availability and applications will be reviewed on a first come, first served basis.
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