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Small Business Loan Guarantee Program

A financing program unique to Nova Scotia credit unions designed to help small businesses with big ideas. Loan guarantees available to start, buy, or expand your business in Nova Scotia.


  • Term loan, working capital loan, or line of credit
  • Terms up to 10 years
  • Borrow up to $500,000
  • Access to a network of business mentors

Borrow for:

  • Startup
  • Acquisition
  • Growth and expansion

Provincial Department of Finance Fee:

  • 1% administration fee annually

Together, let’s make it happen

Your Business Account Manager will highlight the opportunities in your business plan and set you up for success with secure financing and a loan guarantee.

Personal Guarantee Required?

Yes. Your loan request will be accessed by following regular credit lending criteria including an assessment of your personal net worth. If you do not fit normal lending criteria your business has potential for success, we will apply for a loan guarantee to offset this risk.

Eligible Businesses

All types of businesses are eligible except residential and commercial real estate, beverage rooms and taverns. Any venture of a questionable ethical or legal nature is ineligible. See Nova Scotia Cooperative Council website for eligible businesses.

Business Plan Support

Need a hand getting started? We’ll set you up with a mentor from the Nova Scotia Co-operative Council to help you write a bullet-proof business plan.